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Volvo Cars Reports Sales Up Slightly for February 2007


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IRVINE, Calif., March 1 -- Volvo Cars of North America, LLC (VCNA) reports a slight increase in sales for the month compared to the same period last year. In the United States 8,468 units were sold -- up 0.6 percent.*

While the XC90 remains the Volvo sales leader, C70 results indicate the appeal of Volvo's retractable hardtop during this time of year -- the convertible segment is up 444 percent.

In addition, all-new S80 sales were up and the XC70 had a strong showing.

Next week an all-new Volvo XC70 with be unveiled at the Geneva Motor Show, along with its wagon counterpart, an all-new Volvo V70.

Volvo Cars sales throughout North America recorded 9,178 units, which represented a slight decrease of 1.6 percent. Sales in Canada were down 28.2 percent with 502 units sold. In Mexico, Volvo sales of 208 units were off slightly by 1.9 percent.

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 lineup 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-Mar-07

                              UNITED STATES

                        February *           Year-to-Date *
                  2007    2006      %      2007    2006     %
  Volvo Model
     S40         2,112   1,833    15.2%   3,489   3,809   -8.4%
     V50           223     323   -31.0%     418     704  -40.6%
     S60         1,441   1,870   -22.9%   2,676   3,937  -32.0%
     V70           221     383   -42.3%     478     832  -42.5%
     XC70        1,095     894    22.5%   1,950   1,917    1.7%
     C70           256      47   444.7%     643      74  768.9%
     S80           580     548     5.8%   1,711   1,116   53.3%
     XC90        2,540   2,519     0.8%   4,922   4,909    0.3%

  USA TOTAL      8,468   8,417    0.6%   16,287  17,298   -5.8%

                                  CANADA

                        February              Year-to-Date
                  2007   2006      %       2007    2006     %
  Volvo Model
     C30            24    n/a     n/a        25     n/a    n/a
     S40            55     96   -42.7%      110     178  -38.2%
     V50            41     57   -28.1%       83     102  -18.6%
     S60            54    149   -63.8%      172     260  -33.8%
     V70            22     50   -56.0%       64      98  -34.7%
     XC70           90    129   -30.2%      194     230  -15.7%
     C70            15      0     n/a        21       0    n/a
     S80            44     15   193.3%       82      40  105.0%
     XC90          157    203   -22.7%      322     389  -17.2%

  CANADA TOTAL     502    699   -28.2%    1,073   1,297  -17.3%

                                  MEXICO

                         February              Year-to-Date
                  2007   2006      %       2007    2006     %
  Volvo Model
     C30             7    n/a     n/a         7     n/a    n/a
     S40            94     98    -4.1%      210     211   -0.5%
     V50             3      1   200.0%        6       4   50.0%
     S60            18     31   -41.9%       51      50    2.0%
     V70             0      0     n/a         0       0    n/a
     XC70            1      3   -66.7%        2       3  -33.3%
     C70             4      0     n/a         6       0    n/a
     S80            30      1  2900.0%       39       5  680.0%
     XC90           51     78   -34.6%      125     145  -13.8%

  MEXICO TOTAL     208    212    -1.9%      446     418    6.7%

  NAFTA TOTAL    9,178  9,328    -1.6%   17,806  19,013   -6.3%

  *  U.S. totals include Puerto Rico