Volvo Cars Sales Increase for Seventh Month in a Row

Volvo Cars Sales Increase for Seventh Month in a Row

...13,160 units sold in the U.S. results in best May on record

Irvine, CA - (June 2, 2003) - Volvo Cars recorded its best May sales ever in the United States, with a 64.1 percent increase over May 2002. This is the seventh consecutive month of year over year increases. Year-to-date sales are up 26.3 percent in the United States.

Sales increased throughout the Volvo model line-up during the month: the XC90 sales of 3,795 were the highest ever; the S60 and V70 ranges grew 14.9 percent and 83.7 percent respectively, boosted by first month sales of the high performance S60 R and V70 R; and, sales of S80 were up 24.9 percent.

"A key part of Volvo's overall sales success is that new buyers are being attracted to the brand," said Vic Doolan, president & CEO, Volvo Cars of North America, LLC. "Our new models and emphasis on safety, versatility, performance and value have great consumer appeal."

Overall, sales for NAFTA (United States - including Puerto Rico, Canada, and Mexico) reached 14,613 units, representing an increase of 56.3 percent over the same period last year. Led by the strength of the XC90, total sales in Canada were up 12.3 percent.

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, Canada, Mexico and Puerto Rico.

The 2003 Volvo automobile line includes the award-winning XC90, the sporty S60 sedan - including the award-winning performance sedan - S60 R, the flagship S80 luxury sedan, versatile V70 wagon and rugged XC70 (Cross Country), the C70 convertible, and the compact S40 and V40 models.

NOTE - U.S. results include Puerto Rico for 2003

For More Information:

Roger Ormisher - 800.970.0888VP, Public Affairs, Volvo Cars of North America, LLC

Sales Report:

http://www.volvocars-pr.com/index.asp?par=company&pag=sales&lang=1&flash=0&year=2003&month=5