Volvo Cars of North America Reports Steady Sales

    IRVINE, Calif.--Oct. 2, 2001--Volvo Cars of North America, LLC reports sales through September remain ahead of last year.
    Sales year to date (YTD) are up 3.5% in the United States and 17% in Canada. Although the 8,427 units sold for the month reflect a decrease from Sept. 2000, there were fewer selling days last year compared with 2001 resulting in a daily sales rate increase of 1.6%.
    As with most of the auto industry, sales for the period were down. "September was a very difficult month for all. For the retailers, our primary focus was reassuring and assisting their customers and employees," said Vic Doolan, VCNA president and CEO. "Confidence is slowly returning and we see encouraging signs for higher sales ahead," he said.
    In a season characterized by end-of-the-model-year initiatives and making room for shipments of the 2002s, sales of the Cross Country and the S60 continued to reflect a high level of customer appeal. Overall, Volvo Cars topped the 100,000 vehicle milestone the earliest of any calendar year on record.
    Volvo Cars of North America, LLC is part of the Volvo Car Corp. of Goteborg, Sweden. The company provides marketing, sales, parts, service, technology and training support to Volvo automobile retailers in the United States, Canada, Mexico and Puerto Rico. The 2001 Volvo automobile line includes the flagship S80 luxury sedan, versatile V70 wagon and rugged Cross Country, C70 coupe and convertible, the sporty S60 sedan and compact S40 and V40 models.
    NOTE: Sales figures are for United States and Canada only.

                      MONTH-TO-DATE           YEAR-TO-DATE
                   2001   2000    %(a)      2001    2000      %(a)
UNITED STATES
S40               1,012   2,051   -48.6    18,400   21,248   -13.0
V40                 117     374   -67.4     2,678    4,391   -38.7
S60               2,091     n/a     n/a    26,917      n/a     n/a
S70                   6     859   -99.3       226   17,428   -98.7
V70                 777   1,560   -48.1    11,841   21,384   -44.4
V70 XC            2,184     993   129.1    17,340    2,109   725.8
C70                 176     409   -55.2     3,657    4,275   -14.1
S80               1,351   1,686   -16.5    15,810   23,124   -31.3
Other                 0       0     n/a         0        4     n/a
         TOTAL    7,714   7,932     1.3    96,869   93,963     3.5
CANADA
S40                  61     399   -84.1     1,517      909    67.6
V40                 113      17   592.4       962      109   786.4
S60                 247     n/a     n/a     2,033      n/a     n/a
S70                   0      78  -100.0         9    2,171   -99.6
V70                  77      80     0.3       956    1,473   -34.8
V70 XC              169      33   433.5     1,135       92  1139.1
C70                   5       6   -13.2       106      178   -40.2
S80                  41      93   -54.1       563    1,319   -57.1
         TOTAL      713     706     5.2     7,281    6,251    17.0
 NORTH AMERICA
   GRAND TOTAL    8,427   8,638     1.6   104,150  100,214     4.4

(a)  Daily Sales Rate (DSR) Adjusted

US Port Inventory: 4,211        US Retailer Inventory: 12,845