Volvo Cars of North America Sales Report for July - Not So Good

IRVINE, Calif., Aug. 1 -- Volvo Cars of North America, LLC. (VCNA) reports sales of 10,903 cars in the United States and Canada for the month of July. Sales slipped from last years' record pace by 10.1 percent and 12.3 percent, respectively.

Looking ahead, this month's near wholesale sales record in North America is a strong indicator of dealer confidence as the company moves to sell down '02 models in preparation for new products, such as the XC90 -- Volvo's first SUV -- due out later this year. Meanwhile, the S60 and V70 XC remain Volvo sales leaders.

VCNA provides marketing, sales, parts, service, technology and training support to Volvo automobile retailers in the U.S., Canada, Mexico and Puerto Rico.

The 2002 Volvo automobile line includes the sporty S60, the flagship S80 luxury sedan, the versatile V70 wagon and rugged Cross Country, C70 Coupe and convertible, and the compact S40 and V40 models.

    VCNA RETAIL SALES BY CAR LINE -- July 2002
                              MONTH-TO-DATE            YEAR-TO-DATE
                           2002    2001      %       2002    2001      %
    UNITED STATES
     S40                  1,999   2,372   -15.7%    9,449  14,977   -36.9%
     V40                    248     395   -37.2%    1,630   2,243   -27.3%
     S60                  3,504   3,192     9.8%   23,864  21,237    12.4%
     S70                      0       4  -100.0%        0     212  -100.0%
     V70                    712   1,439   -50.5%    5,915   9,700   -39.0%
     V70 XC               2,083   1,977     5.4%   11,905  12,855    -7.4%
     C70                    344     457   -24.7%    2,296   3,144   -27.0%
     S80                  1,201   1,392   -13.7%    9,004  12,656   -28.9%
      TOTAL              10,091  11,228   -10.1%   64,063  77,024   -16.8%

    CANADA
     S40                     94     219   -57.1%      841   1,177   -28.5%
     V40                     63      98   -35.7%      528     691   -23.6%
     S60                    331     275    20.4%    2,025   1,553    30.4%
     S70                      0       0     n/a         0       8  -100.0%
     V70                    107     155   -31.0%      790     742     6.5%
     V70 XC                 154     114    35.1%    1,143     840    36.1%
     C70                     10       7    42.9%       83      95   -12.6%
     S80                     53      58    -8.6%      397     448   -11.4%
      TOTAL                 812     926   -12.3%    5,807   5,554     4.6%

    NORTH AMERICA
     GRAND TOTAL         10,903  12,154   -10.3%   69,870  82,578   -15.4%