Volvo Cars of North America Sales Report for September

Volvo Cars of North America, LLC (VCNA) reports sales of 8,425 units in the United States* for the month, representing a decrease of 13.1 percent compared to the same period last year. For the year, sales are down 9.9 percent in the U.S.

Overall in North America (United States, Puerto Rico, Canada and Mexico), Volvo sales were off 12.3 percent for the month, with 9,443 units sold. In Canada, 785 units were sold, while Mexico recorded sales of 233.

Year-to-date sales in North America trail last year by 9.4 percent, with a total of 100,121 units sold in 2006.

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 80 years. The 2008 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; the new Volvo C70 -- the convertible with the innovative retractable hardtop; the all-new Volvo S80; the recently introduced sporty C30, Volvo's two-door hatchback entry into a new segment; and also new to showrooms, the sophisticated yet rugged all-new XC70 and the soon to be released versatile V70 wagon.

* U.S. sales include Puerto Rico

VOLVO CARS OF NORTH AMERICA, LLC

Retail Sales by Model 2-Oct-07

UNITED STATES

September* Year-to-Date*

2007 2006 % 2007 2006 %

Volvo Model

C30 816 n/a n/a 867 n/a n/a

S40 1,139 2,431 -53.1% 14,703 18,759 -21.6%

V50 224 405 -44.7% 2,188 3,176 -31.1%

S60 826 1,900 -56.5% 14,363 20,407 -29.6%

V70 372 512 -27.3% 2,884 4,614 -37.5%

XC70 954 1,380 -30.9% 8,992 10,451 -14.0%

C70 321 387 -17.1% 3,540 2,556 38.5%

S80 1,309 130 906.9% 9,963 5,148 93.5%

XC90 2,464 2,546 -3.2% 23,491 24,765 -5.1%

USA TOTAL 8,425 9,691 -13.1% 80,991 89,876 -9.9%

CANADA

September Year-to-Date

2007 2006 % 2007 2006 %

Volvo Model

C30 128 n/a n/a 900 n/a n/a

S40 94 105 -10.5% 929 1,134 -18.1%

V50 53 60 -11.7% 538 557 -3.4%

S60 86 127 -32.3% 1,338 1,728 -22.6%

V70 29 52 -44.2% 328 771 -57.5%

XC70 140 247 -43.3% 1,115 1,591 -29.9%

C70 22 51 -56.9% 331 179 84.9%

S80 52 14 271.4% 427 244 75.0%

XC90 181 175 3.4% 1,683 2,024 -16.8%

CANADA TOTAL 785 831 -5.5% 7,589 8,228 -7.8%

MEXICO

September Year-to-Date

2007 2006 % 2007 2006 %

Volvo Model

C30 52 n/a n/a 204 n/a n/a

S40 76 114 -33.3% 876 958 -8.6%

V50 0 0 n/a 8 19 -57.9%

S60 10 29 -65.5% 154 295 -47.8%

V70 0 0 n/a 0 0 n/a

XC70 0 0 n/a 4 7 -42.9%

C70 5 20 -75.0% 71 33 115.2%

S80 16 0 n/a 143 15 853.3%

XC90 74 82 -9.8% 627 690 -9.1%

MEXICO TOTAL 233 245 -4.9% 2,087 2,017 3.5%

NAFTA TOTAL 9,443 10,767 -12.3% 90,667 100,121 -9.4%

* U.S. totals include Puerto Rico SOURCE Volvo Cars of North America, LLC