Continued strong sales for S40 and V40 combined with recently introduced 2001 V70 wagons helped Volvo achieve its best month every with a record sales of 14,073 units during June. This is an 11.1% increase when compared to June 1999 and caps 17 consecutive months of year to year sales increases.

VCNA President and CEO Mark LaNeve observes: “June was a big month for Volvo as we continue to exceed expectations with S40 and V40 as well as the all new V70 sportswagon series. Our S80 luxury sedan also performed well in June and we are anxiously waiting the launch of our new all-wheel-drive Cross Country, which we begin to ship in July. We are well positioned to meet our objective of sales volume above 140,000 this year.”

Retail Car Sales by Car Line

JUNE 2000

MONTH-TO-DATE YEAR-TO-DATE

2000 1999 % 2000 1999 %

UNITED STATES

S40 3,202 0 n/a 15,411 0 n/a

V40 676 0 n/a 3,171 1 n/a

S70 2,457 3,813 -35.6% 13,968 20,202 -30.9%

V70 3,080 3,534 -12.8% 18,345 17,134 7.1%

C70 577 867 -33.4% 3,054 3,469 -12.0%

S80 3,214 3,145 2.2% 16,402 17,100 -4.1%

S90/V90 3 0 n/a 19 n/a

TOTAL 13,209 11,359 16.3% 70,351 57,925 21.5%

CANADA

S70 483 565 -14.5% 1,709 2246 -23.9%

V70 199 362 -45.0% 1,209 1332 -9.2%

C70 40 48 -16.7% 141 165 -14.5%

S80 142 174 n/a 1,065 1010 5.4%

TOTAL 864 1,149 -24.8% 4,124 4,753 -13.2%

NORTH AMERICA

GRAND TOTAL 14,073 12,508 12.5% 74,475 62,678 18.8%