Global sales increased 14.4 percent in the first half of the year compared to the same period last year, with 317,639 cars sold.
The car maker, owned by Chinese group Geely, said the results, which follow years of increasing sales for the company, as “the best ever”.
China, its largest single market, grew 18.4 percent and the European market 5.7 percent.
Meanwhile, sales in the US increased the most thanks to the XC60 and XC90, with Volvo reporting a 39.6 percent growth – 46,622 cars sold compared to 34,102 in the same period last year.
In June alone, US sales grew 35.1 percent.
“It was the best month of June for Volvo in the US since 2006,” said the car maker’s US head Anders Gustafsson in a press release.
The figures set the company on track to beat last year’s results of 571,577 cars sold – a fourth consecutive year of record sales.