ARROW TRUCK SALES REAFFIRMS COMMITMENT TO TRANSPORT FUNDING FOR ON-SITE FINANCING

June 2005

Arrow Truck Sales today reaffirmed its exclusive commitment to Transport Funding, which provides on-site financing for Arrow's used truck customers. Arrow cited Transport Funding's specialization in used truck financing and understanding of owner-operator issues as reasons for their continuing relationship. Transport Funding has financed over 18,000 vehicles for Arrow customers since 1998, when the finance company was established.

"Transport Funding has done an outstanding job in helping Arrow service our customers," said Carl Heikel, Arrow's president and CEO. "Part of our commitment to selling the best selection of used trucks in the business is to provide the best financing options, and Transport Funding does just that." In addition, Heikel stated that Transport Funding's professionalism and dedication to finding creative solutions were highly beneficial to Arrow's customer base.

"We're very pleased to continue our relationship with Arrow Truck Sales," said Scott Carr, president of Transport Funding. "We consider Arrow to be the leader in selling quality used trucks, and we try to provide the most affordable and flexible financing options possible for their customers." Carr added that Transport Funding currently has about 6,000 units in its finance portfolio, with a value of approximately $150 million.

Arrow Truck Sales, Inc., celebrating its 55th anniversary in 2005, is North America's best source of pre-owned medium- and heavy-duty trucks. Arrow carries all makes and models, maintaining a diverse inventory of more than 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 for 55 years. 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 2004 sales of approximately $27 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).