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Volvo Cars Sees 2016 Growth After Second Straight Sales Record

  • Company's annual deliveries exceed 500,000 cars for first time
  • Sales surge 24% in U.S., 11% in Europe as XC90 SUV rolled out

Volvo Car Group predicted its third consecutive record in annual auto sales in 2016 as the Swedish company adds to its lineup of premium vehicles targeting American consumers.

Buoyed by the new XC90 sport utility vehicle, deliveries reached a new high last year, rising 8 percent to 503,127 vehicles, Gothenburg-based Volvo Cars said Friday in a statement. It was the first time the 89-year-old automaker has breached the half-million sales mark in one year.