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Volvo Cars of North America Sales Report for February 2006

IRVINE, Calif., March 1 -- Volvo Cars of North America, LLC reports February sales in the United States* of 8,417 units, representing a 19.3 percent decline compared to the same period last year.

Overall in North America (United States including Puerto Rico, Canada, and Mexico), sales for the month were off 18.2 percent, with 9,328 units sold. Volvo Canada reports sales of 699 units and Volvo in Mexico recorded 212 units -- up 2.3 percent and down 25.4 percent, respectively.

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 since 1927. The 2006 model line-up of Volvo Cars 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 S80 luxury sedan; the versatile V70 wagon and rugged XC70 (Cross Country); and the soon-to-be released new Volvo C70, the convertible with the innovative retractable hardtop.

  * U.S. sales include Puerto Rico

  VOLVO CARS OF NORTH AMERICA, LLC
  Retail Sales by Model                                    01-Mar-06

                              UNITED STATES
                         February *               Year-to-Date *
                   2006    2005       %       2006     2005      %
  Volvo Model
  S40                 0        0     n/a         0        1     n/a
  All New S40     1,833    2,136   -14.2%    3,809    4,241   -10.2%
  V40                 0        1     n/a         0        1     n/a
  V50               323      545   -40.7%      704      996   -29.3%
  S60             1,870    1,939    -3.6%    3,937    3,865     1.9%
  V70               383      701   -45.4%      832    1,314   -36.7%
  XC70              894    1,055   -15.3%    1,917    2,146   -10.7%
  C70                47      229   -79.5%       74      423   -82.5%
  S80               548      949   -42.3%    1,116    2,022   -44.8%
  XC90            2,519    2,876   -12.4%    4,909    5,582   -12.1%

  USA TOTAL       8,417   10,431   -19.3%   17,298   20,591   -16.0%

                                  CANADA
                           February                Year-to-Date
                   2006     2005      %       2006     2005      %
  Volvo Model
  S40                 0        0     n/a         0        0     n/a
  All New S40        96      158   -39.2%      178      311   -42.8%
  V40                 0        0     n/a         0        0     n/a
  V50                57       61    -6.6%      102      141   -27.7%
  S60               149       92    62.0%      260      146    78.1%
  V70                50       39    28.2%       98       75    30.7%
  XC70              129      132    -2.3%      230      230     0.0%
  C70                 0        0     n/a         0        1     n/a
  S80                15       16    -6.3%       40       27    48.1%
  XC90              203      185     9.7%      389      335    16.1%

  CANADA TOTAL      699      683     2.3%    1,297    1,266     2.4%

                                  MEXICO
                           February                Year-to-Date
                    2006    2005      %       2006     2005     %
  Volvo Model
  S40                 0        0     n/a         0        2  -100.0%
  All New S40        98      130   -24.6%      211      258   -18.2%
  V40                 0        0     n/a         0        0     n/a
  V50                 1        2   -50.0%        4        9   -55.6%
  S60                31       39   -20.5%       50       76   -34.2%
  V70                 0        0     n/a         0        0     n/a
  XC70                3        4     n/a         3        4     n/a
  C70                 0        2     n/a         0        3     n/a
  S80                 1        9   -88.9%        5       25   -80.0%
  XC90               78       98   -20.4%      145      194   -25.3%

  MEXICO TOTAL      212      284   -25.4%      418      571   -26.8%

  NAFTA TOTAL     9,328   11,398   -18.2%   19,013   22,428   -15.2%

  *  U.S. totals include Puerto Rico

NOTE TO EDITORS: Volvo Media Website: www.volvocars-pr.com