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Volvo Cars Sales Report in North America for March 2006

IRVINE, Calif., April 3 -- Volvo Cars of North America, LLC reports sales in March of 11,153 units in the United States*. Sales for the month are 4 percent down year over year, however trended up 32 percent compared to February. The March result represents the best month since July 2005.

Overall in North America (United States including Puerto Rico, Canada, and Mexico), sales of 12,605 units represented a 4.5 percent decrease compared to March of last year. Sales for Volvo Canada and Volvo Mexico were 1,261 and 191 units, respectively.

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 since 1927. The 2006 model line-up of Volvo Cars 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 S80 luxury sedan; the versatile V70 wagon and rugged XC70 (Cross Country); and the all-new Volvo C70.

  * U.S. sales include Puerto Rico

  VOLVO CARS OF NORTH AMERICA, LLC
                                                                03-Apr-06
  Retail Sales by Model

                              UNITED STATES
                                March*                   Year-to-Date*
                        2006     2005      %        2006     2005      %
  Volvo Model
  S40                      0       1      n/a          0        2     n/a
  All New S40          2,372   2,178      8.9%     6,181    6,419    -3.7%
  V40                      0       1      n/a          0        2     n/a
  V50                    374     466    -19.7%     1,078    1,462   -26.3%
  S60                  2,341   2,465     -5.0%     6,278    6,330    -0.8%
  V70                    464     659    -29.6%     1,296    1,973   -34.3%
  XC70                 1,333   1,265      5.4%     3,250    3,411    -4.7%
  C70                      2     274    -99.3%         9      697   -98.7%
  New C70                  9     n/a      n/a         76      n/a     n/a
  S80                    599   1,166    -48.6%     1,715    3,188   -46.2%
  XC90                 3,659   3,156     15.9%     8,568    8,738    -1.9%

  USA TOTAL           11,153  11,631     -4.1%    28,451   32,222   -11.7%

                                  CANADA
                                 March                   Year-to-Date
                        2006     2005      %        2006     2005       %
  Volvo Model
  S40                      0       0      n/a          0        0      n/a
  All New S40            148     217    -31.8%       326      528    -38.3%
  V40                      0       0      n/a          0        0      n/a
  V50                    100     106     -5.7%       202      247    -18.2%
  S60                    300     278      7.9%       560      424     32.1%
  V70                    116      85     36.5%       214      160     33.8%
  XC70                   212     253    -16.2%       442      483     -8.5%
  C70                      0       2      n/a          0        3      n/a
  S80                     63      26    142.3%       103       53     94.3%
  XC90                   322     345     -6.7%       711      680      4.6%

  CANADA TOTAL         1,261    1,312    -3.9%     2,558    2,578     -0.8%

                                  MEXICO
                                 March                   Year-to-Date
                        2006     2005      %        2006     2005       %
  Volvo Model
  S40                      0        1     n/a          0        3   -100.0%
  All New S40             89      128   -30.5%       300      386    -22.3%
  V40                      0        0     n/a          0        0      n/a
  V50                      1        1     0.0%         5       10    -50.0%
  S60                     30       44   -31.8%        80      120    -33.3%
  V70                      0        0     n/a          0        0      n/a
  XC70                     1        2   -50.0%         4        6    -33.3%
  C70                      0        0     n/a          0        3      n/a
  S80                      5        7   -28.6%        10       32    -68.8%
  XC90                    65       78   -16.7%       210      272    -22.8%

  MEXICO TOTAL           191      261   -26.8%       609      832    -26.8%

  NAFTA TOTAL         12,605   13,204    -4.5%    31,618   35,632    -11.3%

  *  U.S. totals include Puerto Rico