As you should know, I almost always agree with your opinions, and I do consider you to be in the expert category. However (you knew that this was coming, I think!) as the former owner of a '74 Volvo 242 GL, I can report that this was the absolute worst new car that I ever bought. By the time that I got rid of it at around 77k, the list of repairs that had been made was incredible.
Aside from the paint that became completely chalked within less than 2 years, despite waxing it, the electrical system was a veritable snake pit of problems, with major issues involving driveability, lighting, and instruments until the engine warmed up fully. Yes, I know that this was the result of a bad ground (or two), but nobody was ever able to find the source of the problem.
The transmission began leaking about 2 days after the warranty ran out, and I lost count of how many times I brought it back to the transmission shop to have the seals replaced.
The electric fuel pump used to last 12-13 months before stranding me on the road. The fuel injection system was probably devised by whoever began the Spanish Inquisition, as it definitely tortured me and stranded me on a couple of occasions.
Despite having changed the oil & oil filter faithfully every 3k, the engine began burning oil at about 60k, and by the time that I got rid of it, I could count on adding a qt. approximately every 600 miles. I used to add at least 1/2 qt. of transmission fluid at those 600 mile intervals also, due to the persistent leak.
In order to pass the annual emissions check, I had to have the engine specially tuned once each year. Unfortunately, the engine ran poorly and had very poor power output when it was tuned specifically for emissions, thus leading me to have it dinked with again after each annual inspection in order to have an engine that actually ran properly and gave at least adequate power.
Needless to say, I gave up on the dealership very quickly and I then relied on a couple of specialist foreign car mechanics in order to keep this rolling disaster area running.
Yes, it rode comfortably. Yes, the brakes were very good. But, its total lack of reliability forced me to dump that piece of junk by 77k. Only after I sold it did a co-worker reveal that his wife had almost identical problems with her '73 Volvo, so I tend to think that my experience was not unique.