Volvo CE reports 6% sales drop as Europe and North America slow

Volvo CE is one of the world’s biggest OEMs by sales, according to International Construction’s Yellow Table. Image: Volvo CE

Compared to the same period in 2024 sales declined in Europe, North America, South America and Asia. The only region to see growth was Africa and Oceania. Volvo CE said that the decline in sales in Europe and North America was due to “market uncertainty.”

Some countries did perform positively – Volvo CE says that they saw a 26% increase in market development for China as the market has responded positively to recent government policies to stimulate the real estate sector, mainly driving demand for smaller machines. Other countries highlighted by the OEM as seeing good growth include Argentina, Peru, Turkey and India.

“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 of Volvo CE.

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“These strategic agreements not only help us to meet growing customer demand, but with the addition of Swecon, our ambition is to own and manage the majority of our construction business in Europe, strengthening our total solution sales capabilities and service business in the region.”

As well as the acquisition of Swecon, its biggest European dealer, Volvo CE recently announced the expansion of its crawler excavator footprint globally with investment in three main production sites: South Korea, Sweden and North America. The OEM also announced that it was exiting from its part-ownership of Chinese manufacturer SDLG for 8 billion SEK (US$837 million).

Table showing sales figures for Volvo CE in different regions. Image: Volvo CE