Volvo Cars Reports Sales Up 9.6 Percent for December

IRVINE, Calif., Jan. 4, 2008 -- Volvo Cars of North America, LLC. (VCNA) reports increased sales in the United States of 9.6 percent for December, compared to same period last year. For the year U.S. sales were down 8.4 percent, with a total of 106,354 units sold. *

Volvo sales of the all-new XC70 and V70 made a strong showing as those recently introduced models rolled into showrooms. The all-new S80 and the XC90 were also significant sales leaders.

"It's particularly gratifying that the media and consumers have responded favorably to our newest models," says Anne Belec, president & CEO, Volvo Cars of North America.

The C30, Volvo entry into the small car segment, was recently named to Automobile magazine's list of 2008 All-Stars, cited not only for its small car safety but its curb appeal as well as its performance. In addition, both the C30 and the all-new XC70 were representatives on the short list for North American Car of the Year and North American Truck of the Year, respectively.

For 2007, sales in Canada were down 10.5 percent partially attributed to an unfavorable exchange rate (down 28.7 for December), while year-to-date sales in Mexico were flat, with zero percent change from last year (down 31.9 percent for December). Overall, Volvo sales in North America were off 8.4 percent with 117,945 units sold.

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.

  *  U.S. totals include Puerto Rico

  VOLVO CARS OF NORTH AMERICA, LLC
  Retail Sales by Model                                            3-Jan-08

                              UNITED STATES

                         December*                      Year-to-Date*
                 2007      2006        %         2007       2006        %
  Volvo Model
    C30           363       n/a       n/a       2,103        n/a       n/a
    S40         1,149     1,592     -27.8%     18,215     24,729     -26.3%
    V50           187       282     -33.7%      2,856      4,153     -31.2%
    S60         1,471     1,418       3.7%     18,521     25,779     -28.2%
    V70           341       288      18.4%      3,769      5,604     -32.7%
    XC70        1,449       900      61.0%     12,630     13,136      -3.9%
    C70           321       476     -32.6%      4,548      3,952      15.1%
    S80           733       219     234.7%     12,354      5,473     125.7%
    XC90        3,344     3,367      -0.7%     31,358     33,241      -5.7%

  USA TOTAL     9,358     8,542       9.6%    106,354    116,067      -8.4%

                                  CANADA

                         December                       Year-to-Date
                 2007      2006        %         2007       2006        %
  Volvo Model
    C30            59       n/a       n/a       1,143        n/a       n/a
    S40            62        96     -35.4%      1,099      1,431     -23.2%
    V50            20        60     -66.7%        606        717     -15.5%
    S60            35        85     -58.8%      1,425      1,978     -28.0%
    V70            16        33     -51.5%        359        884     -59.4%
    XC70           93        64      45.3%      1,416      1,859     -23.8%
    C70             8         8       0.0%        360        225      60.0%
    S80            29         1    2800.0%        543        248     119.0%
    XC90           76       211     -64.0%      1,923      2,569     -25.1%

  CANADA TOTAL    398       558     -28.7%      8,874      9,911     -10.5%

                                  MEXICO

                          December                      Year-to-Date
                 2007      2006        %         2007       2006        %
  Volvo Model
    C30            32       n/a       n/a         364        n/a       n/a
    S40            69       116     -40.5%      1,092      1,258     -13.2%
    V50             0         0       n/a           8         23     -65.2%
    S60            12        28     -57.1%        188        386     -51.3%
    V70             0         0       n/a           0          0       n/a
    XC70            0         0       n/a           4          7     -42.9%
    C70            11         1    1000.0%        106         51     107.8%
    S80            11         1    1000.0%        186         17     994.1%
    XC90           40       111     -64.0%        769        975     -21.1%

  MEXICO TOTAL    175       257     -31.9%      2,717      2,717       0.0%

  NAFTA TOTAL   9,931     9,357       6.1%    117,945    128,695      -8.4%

  *  U.S. totals include Puerto Rico