Sales for Volvo Construction Equipment dropped 6% in the second quarter from the previous year. Sales were $2.37 billion compared to $2.53 billion in Q2 2024. In North America, sales dropped to $592 million from the $721 million recorded in Q2 2024, a 17% drop. Volvo cited “repositioning of rental fleets as well as lower end customer demand due to market outlook uncertainty.”
Volvo reported an increase in overall orders and deliveries. Orders were up 24% for the quarter.
“At a time of market uncertainty, we focus on staying closer to our customers than ever before, while maintaining a solid performance and investing in the future,” said Melker Jernberg, head, in a statement. He cited Volvo’s recent investment in Shippensburg, Pennsylvania, and its divestiture of SDLG.
The Chinese market is responding to governmental incentives in real estate, driving demand for smaller machines, and “improved market sentiment” in Argentina and Peru has boosted demand in Volvo’s South America market.
About the Author
Rod Sutton
Sutton has served as the editorial lead of Construction Equipment magazine and ConstructionEquipment.com since 2001.
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