ARROW TRUCK SALES ANNOUNCES PROMOTIONS TO MANAGE CONTINUING GROWTH

December 2006

Arrow Truck Sales, Inc., North America's leading source for pre-owned trucks, announced several recent promotions and new hires. The moves were made to upgrade management at the branch level and manage Arrow's continuing growth, according to company executives.

"Arrow is on pace to have another record-breaking year," said Carl Heikel, President and CEO. "To ensure continued growth, we're making a concentrated effort to promote our top assistant branch managers to run their own branches and increase our base of assistant managers, as well."

Montgomery "Monty" Drake was promoted to branch manager for Arrow's flagship Kansas City branch. Drake joined Arrow in October 2004 as a sales consultant in the Dallas location. He was promoted to Assistant Branch Manager of that branch in September 2005. Previously, Drake served as a marketing manager and corporate inventory manager for Asea Hagglunds and as vice president of U.S. operations for a cruise ship interior refurbishing company.

Doug Moravec was promoted to branch manager of Arrow's Cincinnati location. He was most recently the assistant branch manager in Atlanta. Moravec joined Arrow as a sales consultant at the Dallas store.

Eric Musha was named the new branch manager of the company's Newark, N.J., location. Musha joined Arrow as a sales consultant and then served as assistant branch manager in Newark.

John Murdock was hired as the new assistant branch manager for Arrow's facility in Fontana, Calif. Murdock has 14 years of sales experience, with five years as a sales manager. Most recently, Murdock worked as adjunct professor of business at Riverside Community College and California Baptist University. He earned a B.S. in Business Administration/Sociology from Arizona State University and holds an M.B.A.

Arrow Truck Sales, Inc. is North America's leading source of pre-owned heavy- and medium-duty trucks. Arrow carries all makes and models, maintaining a diverse inventory of nearly 2,000 over-the-road tractors, vocational and specialty vehicles, and trailers. Arrow's commitment to integrity, quality, value, and selection has earned the business of fleets and owner-operators across North America since 1950. The company also operates a Purchasing & Wholesale Division. Arrow is headquartered in Kansas City, Missouri, and has 18 retail locations throughout the U.S. and Canada.

Arrow Truck Sales, Inc. is part of the Volvo Group of companies, a publicly-held company headquartered in Gothenburg, Sweden. With 2005 sales of approximately $31 billion, Volvo’s business areas include heavy trucks, buses, construction equipment, marine and industrial drive systems, aerospace, and financial services. In the United States, Volvo shares are listed on NASDAQ and are traded as ADRs (symbol: VOLV).