Volvo Cars, the premium car maker, has reported a strong first half of 2016, with operating income more than tripling to SEK5.59bn compared with SEK1.66bn reported in the same period last year. Revenues for the half rose from SEK75.215bn to SEK83.647bn.

Volvo Cars continues to grow sales globally in March and posted an 11.5 per cent increase in retail sales for the month, selling 52,279 cars. Sales of the all-new Volvo XC90 were the main growth driver globally, while the XC60 was the best-selling model overall. Global growth in the first quarter amounted to 11.9 per cent.

Volvo Cars posted a 15.2 per cent increase in retail sales for the month of February, selling 34,551 cars globally. Sales of the new Volvo XC90 were the main growth driver in all regions, while the XC60 was the best-selling model globally.