ARROW TRUCK SALES ANNOUNCES NEW REGIONAL AND BRANCH MANAGERS

January 2006

Arrow Truck Sales, Inc., North America's leading pre-owned truck source, announced several recent sales management promotions in order to accommodate its continuing growth.

Scott Taylor, who had served as Branch Manager of Arrow's Kansas City location for the past six years, was promoted to the position of Eastern Regional Sales Manager. Taylor previously held sales management positions with ThermoKing Corporation and Westfall Volvo and GMC Truck. He has over twenty years of experience in the truck and trailer industries. Taylor received a B.S. from the University of Missouri in 1984.

"Scott has been very successful running our Kansas City store, building it into one of our top sales locations," said Lee Wallace, Senior Vice President of Sales and Marketing for Arrow. "I'm confident that he has the skills and experience to lead our continuing growth in the Eastern locations."

Brett Underwood will succeed Taylor as Branch Manager of its Kansas City retail location. Underwood, who most recently was Branch Manager for Arrow's Chicago branch, is a six-year veteran of the truck industry.

Kevin Buehner has been promoted to Branch Manager of Arrow's Chicago sales office. Buehner has been with Arrow for three years, starting as a sales consultant at the company's Stockton, CA location, then being promoted to Assistant Branch Manager. Prior to Arrow, Buehner has 15 years of industry experience, including eight years managing a used truck dealership in northern California.

Arrow also announced the promotion of Montgomery "Monty" Drake to Assistant Branch Manager of its Dallas branch. Drake has been a sales consultant with Arrow. He previously worked in the cruise ship industry, including serving as a vice president in charge of US operations for refurbishing ships.

In addition, Eric Musha was promoted to Assistant Branch Manager of Arrow's Newark sales office, and Doug Moravec was promoted to Assistant Branch Manager of the company's Atlanta branch.

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).