VOLVO ANNOUNCES FEBRUARY SALES

ROCKLEIGH, N.J. (March 1, 2017) – Volvo Car USA, LLC, (VCUSA) reported U.S. sales of 4,651 vehicles for the month of February, an 11.6 percent decrease. Year to date sales are down 14.5 percent.

XC90 continues to see strong global demand, which impacted supply in February for the US market. Increased production is expected from Q2 onwards.

Total sales excluding XC90 were up 18.7 percent versus February 2016. This was led by strong 60-cluster sales across the board with S60, V60 and XC60 all posting double digit sales growth versus February 2016. The XC60 was the top selling model for the month with 1,388 vehicles sold.

Volvo is implementing a sweeping $11 billion transformation plan that has involved the development of its own modular vehicle architecture, a new engine range, global manufacturing capability, a completely renewed product range and world leading developments in safety, autonomous driving and connectivity.

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