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May 2005 Sales for Volvo Cars of North America, LLC

S40 Sales Up 30 Percent; Canada and Mexico Post New Records

IRVINE, Calif., June 1 -- Volvo Cars of North America, LLC announces sales records for Volvo Canada and Volvo Mexico in reporting 12,417 units combined for Canada, Mexico, and the United States, including Puerto Rico.

Volvo Canada recorded its best May on record with an 18.6 percent increase over the same period last year, as did Volvo Mexico, with a 20.8 percent increase over the same period last year. Sales in the U.S. for the S40 sport sedan were up 30 percent year on year. Sales in the U.S. were 10,826 units, representing a decline of 8.6 percent, compared to the strong results for the month during the record year in 2004.

Year-to-date sales of 60,261 units for overall Volvo Cars of North America trail last year 2.6 percent.

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. Sales include Puerto Rico

   Volvo Media Website: www.volvocars-pr.com

   VOLVO CARS OF NORTH AMERICA, LLC
   Retail Sales by Model                                 01-Jun-05

                                 UNITED STATES
                             May*                   Year-to-Date*
                     2005   2004      %        2005     2004      %
   Volvo Model
   S40                  0     47  -100.0%         3    4,670   -99.9%
   All New S40      2,229  1,714    30.0%    10,765    3,908   175.5%
   V40                  0    248  -100.0%         5    1,059   -99.5%
   V50                469    n/a      n/a     2,462      n/a      n/a
   S60              2,506  2,540    -1.3%    11,058   13,645   -19.0%
   V70                655    861   -23.9%     3,322    4,617   -28.0%
   XC70             1,124  1,239    -9.3%     5,567    5,542     0.5%
   C70                180    481   -62.6%     1,156    1,819   -36.4%
   S80                759  1,154   -34.2%     4,786    5,732   -16.5%
   XC90             2,904  3,561   -18.4%    14,667   15,149    -3.2%

   USA TOTAL       10,826 11,845    -8.6%    53,791   56,141    -4.2%

                                    CANADA
                             May                    Year-to-Date
                      2005   2004      %        2005     2004      %
   Volvo Model
   S40                  0     28  -100.0%         0      254  -100.0%
   All New S40        203    n/a      n/a       903      n/a      n/a
   V40                  0     11  -100.0%         0      150  -100.0%
   V50                 92    n/a      n/a       430      n/a      n/a
   S60                325    385   -15.6%     1,062    1,542   -31.1%
   V70                112    174   -35.6%       400      645   -38.0%
   XC70               227    160    41.9%       897      698    28.5%
   C70                  0     24  -100.0%         7       53   -86.8%
   S80                 27     40   -32.5%       106      260   -59.2%
   XC90               282    247    14.2%     1,204      939    28.2%

  CANADA TOTAL      1,268  1,069    18.6%     5,009    4,541    10.3%

                                    MEXICO
                             May                    Year-to-Date
                      2005   2004      %        2005     2004      %
   Volvo Model
   S40                  0     17  -100.0%         3      198   -98.5%
   All New S40        169    153    10.5%       717      275   160.7%
   V40                  0      1  -100.0%         0        6      n/a
   V50                  7      0      n/a        20      n/a      n/a
   S60                 26     50   -48.0%       199      269   -26.0%
   V70                  0      0      n/a         0        0      n/a
   XC70                 3      1   200.0%        11        7    57.1%
   C70                  0      0      n/a         4        6   -33.3%
   S80                  9      7    28.6%        54       56    -3.6%
   XC90               109     93    17.2%       453      392    15.6%

   MEXICO TOTAL       323    322     0.3%     1,461    1,209    20.8%

   NAFTA TOTAL     12,417 13,236    -6.2%    60,261   61,891    -2.6%

   * U.S. totals include Puerto Rico