Volvo Cars Sales Report for November in North America

IRVINE, CA - December 4, 2007: Volvo Cars of North America, LLC reports sales in the United States of 8,243 units for November. Compared to the same period last year, this represents an 11 percent decrease.

Overall in North America (United States, Puerto Rico, Canada and Mexico), sales were 8,904 units representing a decrease of 11.1 percent. Volvo Canada sales were down 15.5 percent, with 454 units sold, while Volvo sales in Mexico trailed last year by 8.4 percent, selling 207 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 80 years. The current 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; and the recently introduced: sporty C30, Volvo's two-door hatchback entry into a new segment, the sophisticated yet rugged all-new XC70 and the versatile all-new V70 wagon.

  VOLVO CARS OF NORTH AMERICA, LLC
  Retail Sales by Model

                         UNITED STATES
                       November*            Year-to-Date*
                 2007   2006     %      2007    2006     %
  Volvo Model
  C30             389   n/a     n/a     1,740   n/a     n/a
  S40           1,247  2,243   -44.4%  17,066  23,138  -26.2%
  V50             243    332   -26.8%   2,672   3,871  -31.0%
  S60           1,576  2,230   -29.3%  17,052  24,361  -30.0%
  V70             326    325     0.3%   3,428   5,316  -35.5%
  XC70          1,153    891    29.4%  11,181  12,237   -8.6%
  C70             298    419   -28.9%   4,227   3,476   21.6%
  S80             765     37  1967.6%  11,621   5,254  121.2%
  XC90          2,246  2,781   -19.2%  28,018  29,876   -6.2%

  USA TOTAL     8,243  9,258   -11.0%  97,005 107,529   -9.8%

                                CANADA
                         November            Year-to-Date
                  2007   2006     %     2007    2006     %
  Volvo Model
  C30              93    n/a     n/a    1,084    n/a    n/a
  S40              62    104   -40.4%   1,037   1,331  -22.1%
  V50              25     53   -52.8%     586     661  -11.3%
  S60              26     78   -66.7%   1,390   1,893  -26.6%
  V70               8     41   -80.5%     343     851  -59.7%
  XC70            111     71    56.3%   1,321   1,795  -26.4%
  C70               7     10   -30.0%     352     217   62.2%
  S80              37      1  3600.0%     514     247  108.1%
  XC90             85    179   -52.5%   1,849   2,358  -21.6%

  CANADA TOTAL    454    537   -15.5%   8,476   9,353   -9.4%

                                  MEXICO
                       November              Year-to-Date
                  2007   2006     %     2007     2006      %
  Volvo Model
  C30              62     n/a    n/a      332    n/a     n/a
  S40              72     93   -22.6%   1,023   1,142  -10.4%
  V50               0      3  -100.0%       8      23  -65.2%
  S60              11     32   -65.6%     176     358  -50.8%
  V70               0      0     n/a        0       0    n/a
  XC70              0      0     n/a        4       7  -42.9%
  C70               8      6    33.3%      95      50   90.0%
  S80              15      0     n/a      175      16  993.8%
  XC90             39     92   -57.6%     729     864  -15.6%

  MEXICO TOTAL    207    226    -8.4%   2,542   2,460    3.3%

  NAFTA TOTAL   8,904 10,021   -11.1% 108,023 119,342   -9.5%

  *  U.S. totals include Puerto Rico