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Volvo Cars North America
Sales Report for August 2006


PHOTO

IRVINE, Calif., Sept. 1 -- Volvo Cars of North America, LLC reports sales in the United States of 10,606 units for August -- trending upward 2 percent over the previous month. Compared to August of last year, the results are off slightly by 2 percent.

For the month, the Volvo XC90 performed well up nearly 15 percent, within an SUV segment trending down industry wide.

Overall, Volvo sales in North America (United States, including Puerto Rico, Canada and Mexico) were 11,875 units -- down 2.3 percent for the month. Volvo Canada sales were 968 units and 301 units were sold at Volvo in Mexico, ... down 7 percent and up 3 percent respectively.

Volvo Cars of North America, LLC (VCNA), based in Irvine, CA, is a subsidiary of the Volvo Car Corporation of Gothenborg, 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 over 75 years. The current 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 new Volvo C70, the convertible with the innovative retractable hardtop.

  *  U.S. sales include Puerto Rico

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

                                          UNITED STATES
                                  August*               Year-to-Date*
                          2006     2005     %      2006     2005      %
         Volvo Model
         S40                 0        0    n/a         0        4    n/a
         All New S40     1,928    2,296  -16.0%   16,328   17,317   -5.7%
         V40                 0        1    n/a         0        7    n/a
         V50               327      514  -36.4%    2,771    3,943  -29.7%
         S60             2,488    2,166   14.9%   18,507   18,309    1.1%
         V70               571      628   -9.1%    4,102    5,426  -24.4%
         XC70            1,326    1,424   -6.9%    9,071   10,096  -10.2%
         C70                 0       34 -100.0%       11    1,402  -99.2%
         New C70           483      n/a    n/a     2,158      n/a    n/a
         S80               296      990  -70.1%    5,018    7,656  -34.5%
         XC90            3,187    2,773   14.9%   22,219   24,244   -8.4%

         USA TOTAL      10,606   10,826   -2.0%   80,185   88,404   -9.3%

                                             CANADA
                                  August                Year-to-Date
                           2006    2005     %       2006     2005     %
         Volvo Model
         S40                 0        0    n/a         0        0    n/a
         All New S40       145      165  -12.1%    1,029    1,484  -30.7%
         V40                 0        0    n/a         0        0    n/a
         V50                43      103  -58.3%      497      750  -33.7%
         S60               176      196  -10.2%    1,601    1,602   -0.1%
         V70                73      109  -33.0%      719      717    0.3%
         XC70              247      262   -5.7%    1,344    1,595  -15.7%
         C70                 0        0    n/a         0        7    n/a
         New C70            60      n/a    n/a       128      n/a    n/a
         S80                25       37  -32.4%      230      201   14.4%
         XC90              199      170   17.1%    1,849    1,818    1.7%

         CANADA TOTAL      968    1,042   -7.1%    7,397    8,174   -9.5%

                                                MEXICO
                                    August               Year-to-Date
                             2006    2005     %      2006    2005      %
         Volvo Model
         S40                    0       0    n/a        0       3  -100.0%
         All New S40          138     100   38.0%     844   1,161   -27.3%
         V40                    0       0    n/a        0       0     n/a
         V50                    2      12  -83.3%      19      45   -57.8%
         S60                   44      61  -27.9%     266     318   -16.4%
         V70                    0       0    n/a        0       0     n/a
         XC70                   1       1    0.0%       7      17   -58.8%
         C70                    0       1    n/a        0       6     n/a
         New C70                8       0    n/a       13     n/a     n/a
         S80                    1       5  -80.0%      15      77   -80.5%
         XC90                 107     111   -3.6%     608     821   -25.9%

         MEXICO TOTAL         301     291    3.4%   1,772   2,448   -27.6%

         NAFTA TOTAL       11,875  12,159   -2.3%  89,354  99,026    -9.8%

         *  U.S. totals include Puerto Rico