Volvo Cars of North America, Inc. maintained its strong year-to-date sales performance for the first 10 months of 2000, finishing October 10.1% ahead of the same period of 1999.

October sales matched the pace of last year as Volvo retailers sold 10,405 units despite the limited availability of some new models. The company sold 10,478 units in October, 1999. For the first 10 months of 2000, the company sold 104,368 units vs. the 94,754 units sold during the same period of 1999.

The strength of the popular S40 compact (ahead 55.2%) and the rugged new Cross Country helped maintain sales momentum in October as the first of the sophisticated new S60 sedans arrived at Volvo retailers.

"There is strong demand across our entire line-up, especially the new Cross Country and the S40 sedan. Despite limited availability of the new S60, we are traveling at the record pace of last year. We expect to feel the full impact of S60 in the last two months of the year as we sell down old inventory. Across North America, we are ahead of last year's record with a total of 111,354 units sold to date," said Mark LaNeve, President and Chief Executive Officer of Volvo Cars of North America.

Volvo Cars of North America is part of the Volvo Car Corporation of Goteborg, Sweden. The company provides marketing, sales, parts, service, technology and training support to the 328 Volvo automobile retailers across the country. The 2001 Volvo automobile line includes the flagship S80 luxury sedan, versatile V70 wagon and rugged Cross Country, C70 coupe and convertible, the sporty, new S60 sedan and compact S40 and V40 models.

RETAIL CAR SALES BY CAR LINE
OCTOBER 2000

MONTH-TO-DATE YEAR-TO-DATE
2000 1999 % 2000 1999 %
UNITED STATES
S40 3,004 1,936 55.2% 24,252 3,554 582.4%
V40 560 642 -12.8% 4,951 1174 321.7%
S60 202 0 n/a 202 0 n/a
S70 571 2,046 -72.1% 17,999 29,369 -38.7%
V70 2,011 2,399 -16.2% 23,395 26,714 -12.4%
V70 XC * (MY '01) 1,495 0 n/a 3,604 0 n/a
C70 353 502 -29.7% 4,628 5,531 -16.3%
S80 2,209 2,953 -25.2% 25,333 28,379 -10.7%
S90/V90 0 0 n/a 4 33 -87.9%
TOTAL 10,405 10,478 -0.7% 104,368 94,754 10.1%
CANADA
S40 349 0 n/a 1,258 0 n/a
V40 59 0 n/a 168 0 n/a
S60 26 0 n/a 26 0 n/a
S70 27 178 -84.8% 2,198 3,240 -32.2%
V70 116 166 -30.1% 1,589 1,894 -16.1%
V70 XC * (MY '01) 37 0 n/a 129 0 n/a
C70 12 9 33.3% 190 294 -35.4%
S80 109 129 -15.5% 1,428 1,536 -7.0%
TOTAL 735 482 52.5% 6,986 6,964 0.3%
NORTH AMERICA
GRAND TOTAL 11,140 10,960 1.6% 111,354 101,718 9.5%

* V70 XC, 2001 model year is EPA classified as a Light Duty Truck 2

U.S. Port Inventory: 4,522 U.S Dealer Inventory: 14,838