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Volvo Cars of North America Sales Report for May

IRVINE, Calif., June 1 -- Volvo Cars of North America, LLC reports sales in May of 10,144 units in the United States*. For the month, sales were off 6 percent compared to the same period last year.

Overall in North America (United States including Puerto Rico, Canada, and Mexico), 11,610 unit were sold, representing a 6.5 percent decline year-over-year. Sales for Volvo Canada and Volvo Mexico were 1,228 and 238 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
  Retail Sales by Model                                   01-Jun-06

                              UNITED STATES
                               May *              Year-to-Date *
                       2006    2005     %       2006   2005      %
  Volvo Model
  S40                     0       0    n/a         0       3    n/a
  All New S40         2,040   2,229   -8.5%   10,330  10,765   -4.0%
  V40                     0       0    n/a         0       5    n/a
  V50                   360     469  -23.2%    1,749   2,462  -29.0%
  S60                 2,744   2,506    9.5%   10,914  11,058   -1.3%
  V70                   617     655   -5.8%    2,377   3,322  -28.4%
  XC70                1,142   1,124    1.6%    5,426   5,567   -2.5%
  C70                     1     180  -99.4%       10   1,156  -99.1%
  New C70                28     n/a    n/a       539     n/a    n/a
  S80                   799     759    5.3%    3,436   4,786  -28.2%
  XC90                2,413   2,904  -16.9%   13,563  14,667   -7.5%

  USA TOTAL          10,144  10,826   -6.3%   48,344  53,791  -10.1%

                                  CANADA
                                May             Year-to-Date
                       2006    2005     %      2006     2005     %
  Volvo Model
  S40                     0       0    n/a        0        0    n/a
  All New S40           169     203  -16.7%     620      903  -31.3%
  V40                     0       0    n/a        0        0    n/a
  V50                    83      92   -9.8%     348      430  -19.1%
  S60                   277     325  -14.8%   1,074    1,062    1.1%
  V70                   160     112   42.9%     488      400   22.0%
  XC70                  159     227  -30.0%     726      897  -19.1%
  C70                     0       0    n/a        0        7    n/a
  New C70                51     n/a    n/a       51      n/a    n/a
  S80                    27      27    0.0%     166      106   56.6%
  XC90                  302     282    7.1%   1,294    1,204    7.5%

  CANADA TOTAL        1,228   1,268   -3.2%   4,767    5,009   -4.8%

                                  MEXICO
                                May             Year-to-Date
                       2006    2005     %      2006     2005      %
  Volvo Model
  S40                     0       0    n/a        0        3  -100.0%
  All New S40           114     169  -32.5%     474      717   -33.9%
  V40                     0       0    n/a        0        0     n/a
  V50                     5       7  -28.6%      13       20   -35.0%
  S60                    33      26   26.9%     126      199   -36.7%
  V70                     0       0    n/a        0        0     n/a
  XC70                    1       3  -66.7%       5       11   -54.5%
  C70                     0       0    n/a        0        4     n/a
  New C70                 0       0    n/a        0        0     n/a
  S80                     0       9 -100.0%      11       54   -79.6%
  XC90                   85     109  -22.0%     346      453   -23.6%

  MEXICO TOTAL          238     323  -26.3%     975    1,461   -33.3%

  NAFTA TOTAL        11,610  12,417   -6.5%  54,086   60,261   -10.2%

  *  U.S. totals include Puerto Rico