Sounds like your clear coat is missing...
Now, I have heard conflicting reports about some of the paint options for the 850's. I have heard that the clear coat with certian red colors was an option. Why, I don't know. I have a red 850 as well, it is the bright arrest-me red color. I have waxed it and never had any red come off on my white cloths before. There is another possibility, a previous owner maybe used a dye impregnated wax to hide blemishes. Try waxing the same area several times to see if maybe the red is in fact just left-overs from a dye impregnated wax of sorts. I still can't imagine Volvo using a single-stage laquer / enamel on a car. Good luck... BTW, what wax are you using anyhow? How long has it been since the last hand applied coat of wax?
Prospero
Now, I have heard conflicting reports about some of the paint options for the 850's. I have heard that the clear coat with certian red colors was an option. Why, I don't know. I have a red 850 as well, it is the bright arrest-me red color. I have waxed it and never had any red come off on my white cloths before. There is another possibility, a previous owner maybe used a dye impregnated wax to hide blemishes. Try waxing the same area several times to see if maybe the red is in fact just left-overs from a dye impregnated wax of sorts. I still can't imagine Volvo using a single-stage laquer / enamel on a car. Good luck... BTW, what wax are you using anyhow? How long has it been since the last hand applied coat of wax?
Prospero