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Volvo on Target for Record Year

1 May 2000

Up 21.4 Percent in U.S. Sales

    ROCKLEIGH, N.J. - Volvo Cars of North America, Inc. celebrates its second 
best percentage increase over 1999.  At 10,529 unit sales, April saw VCNA up 
19.1 percent compared with the same period last year, when 8,838 units were sold. 
U.S. sales alone were up 21.4 percent at 9,605 units sold compared with 7,914 
in April 1999.

    "We're on track to achieve our 2000 retail sales target of 145,000
units," declares Hans-Olov Olsson, VCNA President and CEO.  "Our retail
partners and the entire VCNA organization is committed to that goal, and we
are confident we will reach or exceed it."

    Sales start of the all-new V70 kicked off April 1 with over 500 early
retail sales.  Production of the 2000 S70 and V70 stops in mid-May; port
inventory numbers reflect the stock brought in to cover the remainder of
their sales period.

                              MONTH-TO-DATE            YEAR-TO-DATE

                         2000      1999      %     2000          1999      %

    UNITED STATES
    S40                2,178        n/a     n/a    9,543       n/a      n/a

    V40                  433        n/a     n/a    1,774         1      n/a

    S70                2,026      2,459  -17.6%    8,864    12,504   -29.1%

    V70                2,039      2,213   -7.9%    9,287    10,675   -13.0%

    C70                  426        698  -39.0%    1,931     1,828     5.6%

    S80                2,503      2,541   -1.5%   10,796    10,830    -0.3%

    S90/V90              n/a          3     n/a        1        17      n/a

    TOTAL              9,605      7,914   21.4%   42,196    35,855    17.7%

    CANADA
    S70                  359        409  -12.2%      867     1,287   -32.6%

    V70                  197        199   -1.0%      676       684    -1.2%

    C70                   26         23   13.0%       63        49    28.6%

    S80                  342        293     n/a      779       665    17.1%

    TOTAL                924        924    0.0%    2,385     2,685   -11.2%

    NORTH AMERICA
    GRAND TOTAL       10,529      8,838   19.1%   44,581    38,540    15.7%


    U.S. Port Inventory: 12,023                U.S. Dealer Inventory: 20,381