Volvo Cars Reports Consistent Sales for September 2006

... up 2.2 percent in North America

IRVINE, Calif., Oct. 3 -- Volvo Cars of North America, LLC reported sales for September of 9,691 units* in the United States, representing a year-over-year increase of 1.6 percent.

For the month, the all new C70 convertible with the retractable hardtop continued to deliver, and there were strong performances by XC70, S60 and the new S40. Looking ahead for Volvo, the C30 made its debut in the two-door premium-car segment at the Paris Motor Show, last week.

Volvo sales in Canada were up 3 percent for the month, with 831 units sold. In Mexico, Volvo sales of 245 units represented a 28 percent increase.

Overall, Volvo sales in North America (United States, including Puerto Rico, Canada and Mexico) were 10,767 units -- up 2.2 percent for September.

Volvo Cars of North America, LLC (VCNA), based in Irvine, CA, is a subsidiary of the Volvo Car Corporation of Goteborg, Sweden. VCNA 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 for over 75 years. The current 2007 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 versatile V70 wagon and rugged XC70 (Cross Country); the new Volvo C70 -- the convertible with the innovative retractable hardtop, and the all-new Volvo S80, coming the first quarter of 2007.

  * U.S. sales include Puerto Rico

  VOLVO CARS OF NORTH AMERICA, LLC
  Retail Sales by Model                                     03-Oct-06

                              UNITED STATES

                         September *               Year-to-Date *
                   2006    2005      %        2006     2005       %
  Volvo Model
  S40                 0        0     n/a         0        4     n/a
  All New S40     2,431    2,239     8.6%   18,759   19,556    -4.1%
  V40                 0        1     n/a         0        8     n/a
  V50               405      557   -27.3%    3,176    4,500   -29.4%
  S60             1,900    1,782     6.6%   20,407   20,091     1.6%
  V70               512      569   -10.0%    4,614    5,995   -23.0%
  XC70            1,380    1,150    20.0%   10,451   11,246    -7.1%
  C70                 0       17  -100.0%       11    1,419   -99.2%
  New C70           387      n/a     n/a     2,545      n/a      n/a
  S80               130      665   -80.5%    5,148    8,321   -38.1%
  XC90            2,546    2,562    -0.6%   24,765   26,806    -7.6%

  USA TOTAL       9,691    9,542     1.6%   89,876   97,946    -8.2%

                                  CANADA

                          September                Year-to-Date
                    2006    2005     %        2006     2005     %
  Volvo Model
  S40                 0        0     n/a         0        0    n/a
  All New S40       105      144   -27.1%    1,134    1,628  -30.3%
  V40                 0        0     n/a         0        0    n/a
  V50                60       78   -23.1%      557      828  -32.7%
  S60               127      153   -17.0%    1,728    1,755   -1.5%
  V70                52      128   -59.4%      771      845   -8.8%
  XC70              247       95   160.0%    1,591    1,690   -5.9%
  C70                 0        0     n/a         0        7    n/a
  New C70            51      n/a     n/a       179      n/a    n/a
  S80                14       41   -65.9%      244      242    0.8%
  XC90              175      168     4.2%    2,024    1,986    1.9%

  CANADA TOTAL      831      807     3.0%    8,228    8,981   -8.4%

                                  MEXICO

                          September                Year-to-Date
                    2006    2005     %        2006     2005     %
  Volvo Model
  S40                 0        0     n/a         0        3  -100.0%
  All New S40       114       66    72.7%      958    1,227   -21.9%
  V40                 0        0     n/a         0        0     n/a
  V50                 0        9  -100.0%       19       54   -64.8%
  S60                29       33   -12.1%      295      351   -16.0%
  V70                 0        0     n/a         0        0     n/a
  XC70                0        1  -100.0%        7       18   -61.1%
  C70                 0        0     n/a         0        6     n/a
  New C70            20      n/a     n/a        33      n/a     n/a
  S80                 0        7  -100.0%       15       84   -82.1%
  XC90               82       75     9.3%      690      896   -23.0%

  MEXICO TOTAL      245      191    28.3%    2,017    2,639   -23.6%

  NAFTA TOTAL    10,767   10,540     2.2%  100,121  109,566    -8.6%

  *  U.S. totals include Puerto Rico