Volvo Cars North America Sales Report for January 2007

IRVINE, Calif., Feb. 1, 2007; Volvo Cars of North America, LLC, reports sales in the United States of 7,819 units for January, representing a 12 percent decrease compared to the same period last year.

Overall, Volvo sales for North America (United States, including Puerto Rico, Canada and Mexico) were 8,628 units, which is 11 percent down compared to the beginning of 2006. Volvo Canada sales were down 4.5 percent, with 571 units sold, while Volvo sales in Mexico were ahead of last year by 15.5 percent, selling 238 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 nearly 80 years. The current 2007 model line up of Volvo cars includes: the award-winning new S40 and its wagon counterpart the V50; the award-winning XC90; the sporty S60 sedan -- including the award-winning performance sedan -- S60 R and the performance wagon version -- V70 R; the versatile V70 wagon and rugged XC70 (Cross Country); the new Volvo C70 -- the convertible with the innovative retractable hardtop, and the all-new Volvo S80.

    * U.S.
sales include Puerto Rico



    VOLVO CARS OF NORTH AMERICA, LLC
    Retail Sales by Model				      01-Feb-07

				UNITED STATES

				January *		     Year-to-Date *

			  2007	   2006        %	2007	 2006	   
 %
    Volvo Model
	S40		 1,377	  1,976   -30.3%       1,377	1,976  
-30.3%
	V50		   195	    381   -48.8%	 195	  381  
-48.8%
	S60		 1,235	  2,067   -40.3%       1,235	2,067  
-40.3%
	V70		   257	    449   -42.8%	 257	  449  
-42.8%
	XC70		   855	  1,023   -16.4%	 855	1,023  
-16.4%
	C70		   387	     27  1333.3%	 387	   27 
1333.3%
	S80		 1,131	    568    99.1%       1,131	  568	
99.1%
	XC90		 2,382	  2,390    -0.3%       2,382	2,390	
-0.3%

    USA TOTAL		 7,819	  8,881   -12.0%       7,819	8,881  
-12.0%


				    CANADA

				January 		    Year-to-Date
			  2007	   2006        %	2007	 2006	   
 %
    Volvo Model
	C30		     1	    n/a     n/a 	   1	  n/a	 
n/a
	S40		    55	     82   -32.9%	  55	   82  
-32.9%
	V50		    42	     45    -6.7%	  42	   45	
-6.7%
	S60		   118	    111     6.3%	 118	  111	 
6.3%
	V70		    42	     48   -12.5%	  42	   48  
-12.5%
	XC70		   104	    101     3.0%	 104	  101	 
3.0%
	C70		     6	      0     n/a 	   6	    0	 
n/a
	S80		    38	     25    52.0%	  38	   25	
52.0%
	XC90		   165	    186   -11.3%	 165	  186  
-11.3%

    CANADA TOTAL	   571	    598    -4.5%	 571	  598	
-4.5%


				  MEXICO

				January 		     Year-to-Date
			  2007	   2006        %	2007	 2006	   
 %
    Volvo Model
	S40		   116	    113     2.7%	 116	  113	 
2.7%
	V50		     3	      3     0.0%	   3	    3	 
0.0%
	S60		    33	     19    73.7%	  33	   19	
73.7%
	V70		     0	      0     n/a 	   0	    0	 
n/a
	XC70		     1	      0     n/a 	   1	    0	 
n/a
	C70		     2	      0     n/a 	   2	    0	 
n/a
	S80		     9	      4   125.0%	   9	    4  
125.0%
	XC90		    74	     67    10.4%	  74	   67	
10.4%

    MEXICO TOTAL	   238	    206    15.5%	 238	  206	
15.5%

    NAFTA TOTAL 	 8,628	  9,685   -10.9%       8,628	9,685  
-10.9%

    *  U.S. totals include Puerto Rico