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Volvo Cars of North America Sales Report for December 2006


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IRVINE, Calif., Jan. 3, 2007 -- Volvo Cars of North America, LLC (VCNA) reports sales of 8,542 units in the United States* for the month, representing a decrease of 6.2 percent compared to the same period last year. For the year, sales were down 6.3 percent in the U.S.

Overall in North America (United States, including Puerto Rico, Canada and Mexico), Volvo sales were off 7.7 percent for the month, with 9,357 units sold. In Canada, 558 units were sold, while Mexico recorded sales of 257.

Full year sales in North America trailed last year by 7.5 percent, with a total of 128,695 units sold in 2006.

Volvo Cars of North America, LLC (VCNA), based in Irvine, CA, is a subsidiary of the Volvo Car Corporation of Goteborg, Sweden. VCNA 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 nearly 80 years. The current 2007 model line-up of Volvo Cars includes: the award-winning new S40 and its wagon counterpart the 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 versatile V70 wagon and rugged XC70 (Cross Country); the new Volvo C70 -- the convertible with the innovative retractable hardtop, and the all-new Volvo S80.

  * U.S. sales include Puerto Rico

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

                              UNITED STATES
                           December*                  Year-to-Date*
                      2006    2005       %        2006      2005      %
  Volvo Model
  S40                   0        0      n/a          0         4      n/a
  All New S40       1,592    1,444    10.2%     24,729    24,407     1.3%
  V40                   0        0      n/a          0         8      n/a
  V50                 282      372   -24.2%      4,153     5,685   -26.9%
  S60               1,418    1,590   -10.8%     25,779    24,722     4.3%
  V70                 288      549   -47.5%      5,604     7,394   -24.2%
  XC70               900      880      2.3%     13,136    13,998    -6.2%
  C70                   0        8  -100.0%         11     1,442   -99.2%
  New C70             476      n/a      n/a      3,941       n/a      n/a
  S80                 219      519   -57.8%      5,473    10,189   -46.3%
  XC90              3,367    3,749   -10.2%     33,241    36,025    -7.7%

  USA TOTAL         8,542    9,111    -6.2%    116,067   123,874    -6.3%

                                  CANADA
                           December                  Year-to-Date
                     2006     2005       %        2006      2005      %
  Volvo Model
  S40                   0        0      n/a          0         0      n/a
  All New S40          96       77    24.7%      1,431     2,030   -29.5%
  V40                   0        0      n/a          0         0      n/a
  V50                  60       29   106.9%        717     1,009   -28.9%
  S60                  85      103   -17.5%      1,978     2,205   -10.3%
  V70                  33       48   -31.3%        884     1,040   -15.0%
  XC70                 64      197   -67.5%      1,859     2,217   -16.1%
  C70                   0        0      n/a          0         7      n/a
  New C70               8      n/a      n/a        225       n/a      n/a
  S80                   1       41   -97.6%        248       376   -34.0%
  XC90                211      209     1.0%      2,569     2,767    -7.2%

  CANADA TOTAL        558      704   -20.7%      9,911    11,651   -14.9%

                                  MEXICO
                           December                  Year-to-Date
                     2006     2005       %        2006      2005      %
  Volvo Model
  S40                   0        0      n/a          0         3  -100.0%
  All New S40         116      149   -22.1%      1,258     1,681   -25.2%
  V40                   0        0      n/a          0         0      n/a
  V50                   0        5  -100.0%         23        65   -64.6%
  S60                  28       32   -12.5%        386       451   -14.4%
  V70                   0        0      n/a          0         0      n/a
  XC70                  0        2      n/a          7        21   -66.7%
  C70                   0        0      n/a          0         6      n/a
  New C70               1      n/a      n/a         51       n/a      n/a
  S80                   1        5   -80.0%         17       105   -83.8%
  XC90                111      127   -12.6%        975     1,219   -20.0%

  MEXICO TOTAL        257      320   -19.7%      2,717     3,551   -23.5%

  NAFTA TOTAL       9,357   10,135    -7.7%    128,695   139,076    -7.5%

  *  U.S. totals include Puerto Rico