May Sales Report for Volvo Cars of North America

IRVINE, Calif., June 3 -- Volvo Cars of North America, LLC (VCNA) announces that sales are down 13.4% year-to-date compared to the same period during last years' record year. With 9,035 units sold in the United States and Canada during May, sales declined 31% for the month.

Total sales for the United States were 8,021 units. Volvo sales in Canada totaled 1,014 units, which represents a slight increase over May 2001.

VCNA provides marketing, sales, parts, service, technology and training support to Volvo automobile retailers in the U.S., Canada, Mexico and Puerto Rico.

The 2002 Volvo automobile line includes the sporty S60, the flagship S80 luxury sedan, the versatile V70 wagon and rugged Cross Country, C70 Coupe and convertible, and the compact S40 and V40 models.

    


           VCNA RETAIL SALES BY CAR LINE -- August '01 -- May 2002

                                   MONTH-TO-DATE             YEAR-TO-DATE
                               2002    2001      %      2002    2001      %

         UNITED STATES
         S40                  1,062   2,719   -60.9%   5,744  10,026   -42.7%
         V40                    200     386   -48.2%   1,114   1,430   -22.1%
         S60                  3,092   3,361    -8.0%  16,339  14,020    16.5%
         S70                      0      24  -100.0%       0     201  -100.0%
         V70                    759   1,317   -42.4%   4,410   6,190   -28.8%
         V70 XC               1,418   1,931   -26.6%   7,434   7,868    -5.5%
         C70                    369     520   -29.0%   1,565   2,238   -30.1%
         S80                  1,121   1,833   -38.8%   6,407   8,719   -26.5%
                      TOTAL   8,021  12,091   -33.7%  43,013  50,692   -15.1%
         CANADA
         S40                    152     199   -23.6%     575     763   -24.6%
         V40                    131     113    15.9%     376     485   -22.5%
         S60                    322     320     0.6%   1,375   1,009    36.3%
         S70                      0       1  -100.0%       0       7  -100.0%
         V70                    160     148     8.1%     518     445    16.4%
         V70 XC                 150     119    26.1%     820     551    48.8%
         C70                     26      14    85.7%      55      62   -11.3%
         S80                     73      93   -21.5%     270     280    -3.6%
                      TOTAL   1,014   1,007     0.7%   3,989   3,602    10.7%
            NORTH AMERICA
                GRAND TOTAL   9,035  13,098   -31.0%  47,002  54,294   -13.4%