Volvo Cars of North America Sales Report for August

IRVINE, Calif., Sept. 4 -- Volvo Cars of North America, LLC. (VCNA) reports 11,397 cars sold in the United States and Canada for the month of August -- the second highest level on record for the month -- yet compared year over year sales were down 13.3 percent.

The S60, Volvo's sales leader, showed continued growth in one of the most competitive market segments. Volvo S60 sales are up 12.1 percent and 28.7 percent in the United States and Canada, respectively.

Moving toward year-end, Volvo has reason for optimism with its much-anticipated SUV -- the XC90 -- due to showrooms in November. Volvo's first-ever Sports Utility Vehicle has created an unprecedented situation for the company: 4,000 pre-orders.

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 - August 2002
                               MONTH-TO-DATE              YEAR-TO-DATE
                           2002    2001      %       2002     2001      %
     UNITED STATES
     S40                  1,440   2,411   -40.3%   10,889   17,388   -37.4%
     V40                    231     318   -27.4%    1,861    2,561   -27.3%
     S60                  3,957   3,589    10.3%   27,821   24,826    12.1%
     S70                      0       8  -100.0%        0      220  -100.0%
     V70                    917   1,330   -31.1%    6,833   11,064   -38.2%
     V70 XC               2,166   2,335    -7.2%   14,070   15,156    -7.2%
     C70                    364     337     8.0%    2,660    3,481   -23.6%
     S80                  1,578   1,803   -12.5%   10,582   14,459   -26.8%
                  TOTAL  10,653  12,131   -12.2%   74,716   89,155   -16.2%
     CANADA
     S40                     97     279   -65.2%      938    1,456   -35.6%
     V40                     58     158   -63.3%      585      849   -31.1%
     S60                    269     233    15.5%    2,299    1,786    28.7%
     S70                      0       1  -100.0%        0        9  -100.0%
     V70                     83     137   -39.4%      869      879    -1.1%
     V70 XC                 183     126    45.2%    1,326      966    37.3%
     C70                      1       6   -83.3%       84      101   -16.8%
     S80                     53      74   -28.4%      450      522   -13.8%
                  TOTAL     744   1,014   -26.6%    6,551    6,568    -0.3%
     NORTH AMERICA
            GRAND TOTAL  11,397  13,145   -13.3%   81,267   95,723   -15.1%


     Volvo Media Website: http://www.volvocars-pr.com