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April 2006 Sales Report for Volvo Cars in North America

IRVINE, Calif., May 2, 2006 -- Volvo Cars of North America, LLC reports April sales of 9,749 units in the United States*. Sales for April were down 9 percent compared to the same period last year.

Overall in North America (United States including Puerto Rico, Canada, and Mexico), 10,858 unit sales represented an 11 percent decrease year-over-year. Sales for Volvo Canada and Volvo Mexico were 981 and 128 units, respectively.

VCNA, part of the Volvo Car Corporation of Gothenburg, Sweden, provides marketing, sales, parts, service, technology and training support to Volvo automobile retailers in the United States, and oversees Volvo operations in Canada, Mexico and Puerto Rico.

Volvo has been building cars with Safety in mind since 1927. The 2006 model line-up of Volvo Cars includes: the award-winning new S40 and its wagon counterpart the all-new V50; the award-winning XC90; the sporty S60 sedan -- including the award-winning performance sedan -- S60 R and the performance wagon version -- V70 R; the S80 luxury sedan; the versatile V70 wagon and rugged XC70 (Cross Country); and the all-new Volvo C70.

  * U.S. sales include Puerto Rico

  VOLVO CARS OF NORTH AMERICA, LLC
  Retail Sales by Model                                        02-May-06

                              UNITED STATES
                               April *                Year-to-Date *
                      2006      2005       %      2006     2005       %
  Volvo Model
  S40                    0         1      n/a        0        3      n/a
  All New S40        2,109     2,117    -0.4%    8,290    8,536    -2.9%
  V40                    0         3      n/a        0        5      n/a
  V50                  311       531   -41.4%    1,389    1,993   -30.3%
  S60                1,892     2,222   -14.9%    8,170    8,552    -4.5%
  V70                  464       694   -33.1%    1,760    2,667   -34.0%
  XC70               1,034     1,032     0.2%    4,284    4,443    -3.6%
  C70                    0       279  -100.0%        9      976   -99.1%
  New C70              435       n/a      n/a      511      n/a      n/a
  S80                  922       839     9.9%    2,637    4,027   -34.5%
  XC90               2,582     3,025   -14.6%   11,150   11,763    -5.2%

  USA TOTAL          9,749    10,743    -9.3%   38,200   42,965   -11.1%

                                  CANADA
                               April                  Year-to-Date
                      2006      2005       %      2006     2005       %
  Volvo Model
  S40                    0         0      n/a        0        0      n/a
  All New S40          125       172   -27.3%      451      700   -35.6%
  V40                    0         0      n/a        0        0      n/a
  V50                   63        91   -30.8%      265      338   -21.6%
  S60                  237       313   -24.3%      797      737     8.1%
  V70                  114       128   -10.9%      328      288    13.9%
  XC70                 125       187   -33.2%      567      670   -15.4%
  C70                    0         4      n/a        0        7      n/a
  S80                   36        26    38.5%      139       79    75.9%
  XC90                 281       242    16.1%      992      922     7.6%

  CANADA TOTAL         981     1,163   -15.6%    3,539    3,741    -5.4%

                                  MEXICO
                               April                  Year-to-Date
                      2006      2005       %      2006     2005       %
  Volvo Model
  S40                    0         0      n/a        0        3  -100.0%
  All New S40           60       162   -63.0%      360      548   -34.3%
  V40                    0         0      n/a        0        0      n/a
  V50                    3         3     0.0%        8       13   -38.5%
  S60                   13        53   -75.5%       93      173   -46.2%
  V70                    0         0      n/a        0        0      n/a
   XC70                  0         2  -100.0%        4        8   -50.0%
  C70                    0         1      n/a        0        4      n/a
  S80                    1        13   -92.3%       11       45   -75.6%
  XC90                  51        72   -29.2%      261      344   -24.1%

  MEXICO TOTAL         128       306   -58.2%      737    1,138   -35.2%

  NAFTA TOTAL       10,858    12,212   -11.1%   42,476   47,844   -11.2%

  *U.S. totals include Puerto Rico