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Volvo Cars North America Sales Report for January

IRVINE, Calif., Feb. 1, 2007 -- Volvo Cars of North America, LLC, reports sales in the United States of 7,819 units for January, representing a 12 percent decrease compared to the same period last year.

Overall, Volvo sales for North America (United States, including Puerto Rico, Canada and Mexico) were 8,628 units, which is 11 percent down compared to the beginning of 2006. Volvo Canada sales were down 4.5 percent, with 571 units sold, while Volvo sales in Mexico were ahead of last year by 15.5 percent, selling 238 units.

Volvo Cars of North America, LLC (VCNA), based in Irvine, Calif., is a subsidiary of 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                                     01-Feb-07

                              UNITED STATES

                              January *                    Year-to-Date *
                        2007     2006        %        2007     2006        %
  Volvo Model
      S40              1,377    1,976   -30.3%       1,377    1,976   -30.3%
      V50                195      381   -48.8%         195      381   -48.8%
      S60              1,235    2,067   -40.3%       1,235    2,067   -40.3%
      V70                257      449   -42.8%         257      449   -42.8%
      XC70               855    1,023   -16.4%         855    1,023   -16.4%
      C70                387       27  1333.3%         387       27  1333.3%
      S80              1,131      568    99.1%       1,131      568    99.1%
      XC90             2,382    2,390    -0.3%       2,382    2,390    -0.3%

  USA TOTAL            7,819    8,881   -12.0%       7,819    8,881   -12.0%

                                  CANADA

                              January                     Year-to-Date
                        2007     2006        %        2007     2006        %
  Volvo Model
      C30                  1      n/a     n/a            1      n/a     n/a
      S40                 55       82   -32.9%          55       82   -32.9%
      V50                 42       45    -6.7%          42       45    -6.7%
      S60                118      111     6.3%         118      111     6.3%
      V70                 42       48   -12.5%          42       48   -12.5%
      XC70               104      101     3.0%         104      101     3.0%
      C70                  6        0     n/a            6        0     n/a
      S80                 38       25    52.0%          38       25    52.0%
      XC90               165      186   -11.3%         165      186   -11.3%

  CANADA TOTAL           571      598    -4.5%         571      598    -4.5%

                                MEXICO

                              January                      Year-to-Date
                        2007     2006        %        2007     2006        %
  Volvo Model
      S40                116      113     2.7%         116      113     2.7%
      V50                  3        3     0.0%           3        3     0.0%
      S60                 33       19    73.7%          33       19    73.7%
      V70                  0        0     n/a            0        0     n/a
      XC70                 1        0     n/a            1        0     n/a
      C70                  2        0     n/a            2        0     n/a
      S80                  9        4   125.0%           9        4   125.0%
      XC90                74       67    10.4%          74       67    10.4%

  MEXICO TOTAL           238      206    15.5%         238      206    15.5%

  NAFTA TOTAL          8,628    9,685   -10.9%       8,628    9,685   -10.9%

  *  U.S. totals include Puerto Rico