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Volvo Cars Establishes New February Sales Record in the United States

IRVINE, Calif., March 1 -- Led by the continuing strength of Volvo's New S40 and the XC90, Volvo Cars of North America, LLC announces record sales for February in the United States. The 10,431 units sold for the month represent a 2.2 percent increase over the same period last year.

Since introduction, the new S40 and the all new V50 have combined to outsell their S40/V40 predecessors by more than 70 percent -- setting new high marks for Volvo in the segment. The XC90 continues to be the Volvo sales leader, with an added boost to sales as the company's first V8 has been added to the sales mix.

In North America overall (including Canada and Mexico), although early in the game, sales remain ahead of the record pace of 2004. Volvo Canada sales totaled 683 units, up 2.4 percent in February. And, sales in Mexico showed continued growth surpassing a 40 percent increase for the month, with 284 units sold. Year-to-date, VCNA has recorded 22,428 units, with sales 1.1 percent up over last year.

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 for over 75 years. The 2005 Volvo Cars model line-up 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 flagship S80 luxury sedan; versatile V70 wagon and rugged XC70 (Cross Country); and, the C70 convertible.

   *  U.S. results include Puerto Rico

   
   VOLVO CARS OF NORTH AMERICA, LLC
   Retail Sales by Model                                         01-Mar-05
                                         UNITED STATES
                              February  *             Year-to-Date  *
                        2005     2004      %       2005     2004       %
   Volvo Model
   S40                    0     1,606   -100.0%       1    2,731    -100.0%
   All New S40        2,136       219      n/a    4,241      219       n/a
   V40                    1       156    -99.4%       1      287     -99.7%
   V50                  545       n/a      n/a      996      n/a       n/a
   S60                1,939     2,594    -25.3%   3,865    5,619     -31.2%
   V70                  701       800    -12.4%   1,314    2,000     -34.3%
   XC70               1,055     1,013      4.1%   2,146    2,072       3.6%
   C70                  229       322    -28.9%     423      543     -22.1%
   S80                  949       865      9.7%   2,022    1,807      11.9%
   XC90               2,876     2,627      9.5%   5,582    5,250       6.3%

   USA TOTAL         10,431    10,202      2.2%  20,591   20,528       0.3%

                                            CANADA
                               February                 Year-to-Date
                        2005      2004     %       2005    2004       %
   Volvo Model
   S40                    0        74   -100.0%      0      135    -100.0%
   All New S40          158       n/a      n/a     311      n/a       n/a
   V40                    0        34   -100.0%      0       78    -100.0%
   V50                   61       n/a      n/a     141      n/a       n/a
   S60                   92       164    -43.9%    146      283     -48.4%
   V70                   39        90    -56.7%     75      159     -52.8%
   XC70                 132       131      0.8%    230      224       2.7%
   C70                    0         0      n/a       1        2     -50.0%
   S80                   16        41    -61.0%     27       80     -66.3%
   XC90                 185       133     39.1%    335      279      20.1%

   CANADA TOTAL         683       667      2.4%  1,266    1,240       2.1%

                                            MEXICO
                               February                Year-to-Date
                       2005     2004      %        2005     2004       %
   Volvo Model
   S40                    0       60   -100.0%        2      111    -98.2%
   All New S40          130      n/a      n/a       258      n/a      n/a
   V40                    0        0   -100.0%        0        0      n/a
   V50                    2      n/a      n/a         9      n/a      n/a
   S60                   39       49    -20.4%       76      115    -33.9%
   V70                    0        0      n/a         0        0      n/a
   XC70                   4        0      n/a         4        4      0.0%
   C70                    2        2      0.0%        3        3      0.0%
   S80                    9       10    -10.0%       25       23      8.7%
   XC90                  98       81     21.0%      194      161     20.5%

   MEXICO TOTAL         284      202     40.6%      571      417     36.9%

   NAFTA TOTAL       11,398   11,071      3.0%   22,428   22,185      1.1%

   *  U.S. totals include Puerto Rico