VOLVO RECORDS FIFTH CONSECUTIVE MONTH OF YEAR-OVER-YEAR SALES INCREASE OF 19 PERCENT

VOLVO RECORDS FIFTH CONSECUTIVE MONTH OF

YEAR-OVER-YEAR SALES INCREASE OF 19 PERCENT

Volvo's Safe + Sound Best-in-Class Coverage Plan Continues to Drive Traffic

FOR IMMEDIATE RELEASE

ROCKLEIGH, N.J. (Nov. 3, 2009) - Volvo Cars of North America, LLC, (VCNA) October sales were up 19.4 percent in the U.S., marking the fifth straight month of a year-over-year increase.  In the U.S., VCNA sold a total of 4,437 vehicles in October.

For the month of October, Volvo sales in Canada were down 16.1 percent with a total of 380 vehicles sold.  Overall in North America (United States and Canada), Volvo has sold 56,599 units year-to-date, which represents an 18.6 percent decrease for the same period of 2008*.

"The past five months have been tremendously exciting," said Doug Speck, VCNA president and CEO.  "It shows that Volvo has the right model mix and the right programs to get consumers excited about our brand."

The Safe + Sound Coverage Plan, a complimentary coverage program, wraps a comprehensive list of benefits into one package.  Volvo has combined additional time and mileage limits on warranty repairs and roadside assistance coverage, and has increased wear-item and factory scheduled maintenance coverage.  Specifically, it provides:

• 5 years/60,000 miles of New Car Warranty
• 5 years/60,000 miles of Complimentary Factory Scheduled Maintenance
• 5 years/60,000 miles of Wear and Tear Coverage
• 5 years/Unlimited miles of Volvo On Call Roadside Assistance.

Safe + Sound provides best-in-class coverage and has been a major contributor to Volvo's recent sales success, and will be available until Dec. 31, 2009.