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Volvo Cars Reports Sales for March 2005

IRVINE, Calif., April 1 -- Volvo Cars of North America, LLC (VCNA) reports sales for the first quarter trail last year's record beginning by 3.8 percent in the United States. Sales for the month were off compared to the same period of a year ago -- down 10.3 percent.

Volvo sales of 11,631 units in the U.S. were led by the continuing performance of the XC90, which had its best selling V8 month-to-date as the recently introduced variant of Volvo's award-winning SUV gears up. XC90 sales were up 1.6 percent.

Overall, sales in North America (United States, Canada and Mexico) totaled 13,204 units. Sales in Canada were up 10 percent in March, while sales in Mexico continued to show growth with an increase of nearly 20 percent for the month. Year-to-date, VCNA is off slightly with sales down 2.5 percent compared to 2004.

VCNA, part of the Volvo Car Corporation of Gothenburg, Sweden, 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 over 75 years. The 2005 Volvo Cars model line-up includes: the award-winning new S40 and its wagon counterpart the all-new 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 flagship S80 luxury sedan; versatile V70 wagon and rugged XC70 (Cross Country); and, the C70 convertible.

                                          * U.S. results include Puerto Rico



  VOLVO CARS OF NORTH AMERICA, LLC
  Retail Sales by Model                                          01-Apr-05

                                UNITED STATES

                               March*                  Year-to-Date*
                      2005     2004      %        2005     2004       %
  Volvo Model
  S40                    1    1,761   -99.9%         2     4,492   -100.0%
  All New S40        2,178      703      n/a     6,419       922       n/a
  V40                    1      289   -99.7%         2       576    -99.7%
  V50                  466      n/a      n/a     1,462       n/a       n/a
  S60                2,465    2,943   -16.2%     6,330     8,562    -26.1%
  V70                  659      888   -25.8%     1,973     2,888    -31.7%
  XC70               1,265    1,234     2.5%     3,411     3,306      3.2%
  C70                  274      356   -23.0%      697        899    -22.5%
  S80                1,166    1,681   -30.6%     3,188     3,488     -8.6%
  XC90               3,156    3,105     1.6%     8,738     8,355      4.6%

  USA TOTAL         11,631   12,960   -10.3%    32,222    33,488     -3.8%

                                    CANADA

                                March                 Year-to-Date
                       2005     2004     %        2005      2004      %
  Volvo Model
  S40                    0       54  -100.0%         0      189    -100.0%
  All New S40          217      n/a      n/a       528      n/a        n/a
  V40                    0       50  -100.0%         0      128    -100.0%
  V50                  106      n/a      n/a       247      n/a        n/a
  S60                  278      449   -38.1%       424      732     -42.1%
  V70                   85      131   -35.1%       160      290     -44.8%
  XC70                 253      175    44.6%       483      399      21.1%
  C70                    2       13      n/a         3       15     -80.0%
  S80                   26       85   -69.4%        53      165     -67.9%
  XC90                 345      236    46.2%       680      515      32.0%

  CANADA TOTAL       1,312    1,193    10.0%     2,578    2,433       6.0%

                                    MEXICO

                                March                   Year-to-Date
                       2005     2004     %        2005     2004        %
  Volvo Model
  S40                    1       48   -97.9%         3      159     -98.1%
  All New S40          128      n/a      n/a       386      n/a        n/a
  V40                    0        5  -100.0%         0        5        n/a
  V50                    1      n/a      n/a        10      n/a        n/a
  S60                   44       76   -42.1%       120      191     -37.2%
  V70                    0        0      n/a         0        0        n/a
   XC70                  2        1   100.0%         6        5      20.0%
  C70                    0        1  -100.0%         3        4     -25.0%
  S80                    7       20   -65.0%        32       43     -25.6%
  XC90                  78       67    16.4%       272      228      19.3%

  MEXICO TOTAL         261      218    19.7%       832      635      31.0%

  NAFTA TOTAL       13,204   14,371    -8.1%    35,632   36,556      -2.5%

  *U.S. totals include Puerto Rico