{"id":45106,"date":"2026-09-23T10:17:25","date_gmt":"2026-09-23T05:17:25","guid":{"rendered":"https:\/\/www.my-equipment.com\/blog\/?p=45106"},"modified":"2026-09-24T10:22:41","modified_gmt":"2026-09-24T05:22:41","slug":"volvo-ces-north-american-business-overtakes-the-global-market-q2-2026-report","status":"publish","type":"post","link":"https:\/\/www.my-equipment.com\/blog\/2026\/09\/volvo-ces-north-american-business-overtakes-the-global-market-q2-2026-report\/","title":{"rendered":"Volvo CE&#8217;s North American Business Overtakes the Global Market: Q2 2026 Report"},"content":{"rendered":"<p><span style=\"font-weight: 400;\">Volvo Construction Equipment recently completed its 2nd quarter of 2026, and the figures reveal two very different stories. While North America is subtly addressing one of its better streaks in recent years, the company&#8217;s global totals continue to reflect the impact of its SDLG divestment.<\/span><\/p>\n<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_88 counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/www.my-equipment.com\/blog\/2026\/09\/volvo-ces-north-american-business-overtakes-the-global-market-q2-2026-report\/#North_America_is_winning_among_many_industry_giants\" >North America is winning among many industry giants<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/www.my-equipment.com\/blog\/2026\/09\/volvo-ces-north-american-business-overtakes-the-global-market-q2-2026-report\/#What_to_catch_on_to_in_this_tough_global_situation\" >What to catch on to in this tough global situation?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/www.my-equipment.com\/blog\/2026\/09\/volvo-ces-north-american-business-overtakes-the-global-market-q2-2026-report\/#Orders_for_Electric_Machinery_Cool_Down\" >Orders for Electric Machinery Cool Down<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/www.my-equipment.com\/blog\/2026\/09\/volvo-ces-north-american-business-overtakes-the-global-market-q2-2026-report\/#What_It_Means_If_You_are_Buying_or_Selling\" >What It Means If You are Buying or Selling\u00a0<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/www.my-equipment.com\/blog\/2026\/09\/volvo-ces-north-american-business-overtakes-the-global-market-q2-2026-report\/#The_Bottom_Line\" >The Bottom Line<\/a><\/li><\/ul><\/nav><\/div>\n<h2><span class=\"ez-toc-section\" id=\"North_America_is_winning_among_many_industry_giants\"><\/span><strong>North America is winning among many industry giants<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p><span style=\"font-weight: 400;\">Volvo CE \u2013 Net sales in the North America market grew to $679.2 million in Q2, increasing 25% YOY. If we go back to the first half of 2026, the sales are 6% higher at $1.2 billion, though the figure is smaller but certainly significant in the highly uneven overall equipment market.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">A trio of familiar tailwinds are responsible for the region&#8217;s strength: data center building, energy infrastructure development, and the return of manufacturing onshore, Volvo said. It is all old news to anyone who has been following capital equipment demand this year, but, significantly, Volvo is finding that it is being converted straight into sales and not just backlog.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">The sales story is supported by order intake. In Q2, net orders rose 8% to 1,666 units and were up 12% in the first half to 3,553 units in North America. Deliveries were also comparable, 26% up in the quarter to 2,050 units and nine percent up in the half to 3,334.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Fusable\u2019s data on financing of EDA equipment shows that 425 new Volvo CE machines were financed in the U.S. in Q2, with the A45 articulated dump truck and the L70H and L90H <\/span><a href=\"https:\/\/www.my-equipment.com\/wheel-loaders\"><span style=\"font-weight: 400;\">wheel loaders<\/span><\/a><span style=\"font-weight: 400;\"> leading the list. The models that are going fast on the used side right now, if you are in the <\/span><b>used heavy equipment<\/b><span style=\"font-weight: 400;\"> market, are a good indication as to what&#8217;s going to be in the used fleet in a year or two.<\/span><\/p>\n<h2><span class=\"ez-toc-section\" id=\"What_to_catch_on_to_in_this_tough_global_situation\"><\/span><strong>What to catch on to in this tough global situation?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p><span style=\"font-weight: 400;\">Volvo CE&#8217;s net sales dropped 6% to $2.2 billion for the second quarter and dropped 9% for the first half to $4.1 billion globally. This seems like a company that&#8217;s losing money on the books. The overwhelming bulk of that loss is the result of one move, the sale of its <\/span><a href=\"https:\/\/www.my-equipment.com\/stock-list\"><span style=\"font-weight: 400;\">heavy equipment <\/span><\/a><span style=\"font-weight: 400;\">company SDLG, which was based in China.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">This is particularly apparent in the number of orders that are received. Orders for large and medium construction equipment declined 49% to 6,237 units and for compact equipment, 59% to 1,859 units, worldwide. It would be wise to compare, as the Volvo folks do in the above example, because that&#8217;s why. Last year, during the same six-month period, SDLG sold 18,000+ of its own. If you take that out then the global slowdown doesn\u2019t look like a demand slowdown; it looks more like a portfolio allocation change.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">There was also a strong decline in orders for electric machinery, which dropped 85% to 156 units worldwide, though that figure was not adjusted for SDLG&#8217;s electric compact machines that were also impacted.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Global deliveries dropped 48% in Q2 to 8,834 units and 49% for the half (-16,659) primarily as a result of the divestiture of the business and not because of a sharp withdrawal of buyers.<\/span><\/p>\n<h2><span class=\"ez-toc-section\" id=\"Orders_for_Electric_Machinery_Cool_Down\"><\/span><strong>Orders for Electric Machinery Cool Down<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p><span style=\"font-weight: 400;\">The order for electric machinery was also negatively impacted, falling by 85% to just 156 machines worldwide. But that&#8217;s also because the compact electric models have been removed from the inventory at SDLG.<\/span><\/p>\n<h2><span class=\"ez-toc-section\" id=\"What_It_Means_If_You_are_Buying_or_Selling\"><\/span><strong>What It Means If You are Buying or Selling\u00a0<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p><span style=\"font-weight: 400;\">In terms of future resale value, it&#8217;s pretty clear for contractors and fleet managers who are focused on the North American market: demand remains solid, deliveries are in line with orders, and the models that have been the most active for financing, such as the articulated dump trucks and mid-size wheel loaders, are just where buyers should find less availability and stronger values in the coming quarters.<\/span><\/p>\n<h2><span class=\"ez-toc-section\" id=\"The_Bottom_Line\"><\/span><strong>The Bottom Line<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p><span style=\"font-weight: 400;\">Filter out the SDLG chatter, and Volvo CE&#8217;s Q2 2026 report is actually a tale of two markets going in a different direction. Even though the construction activity in North America is ongoing, it continues to grow on all indicators, ahead of sales, orders, and deliveries. The numbers are lower worldwide, but that is a portfolio rebalancing, not a demand issue. If you are among the buyers, sellers, or valuers of Volvo equipment in the U.S., the bottom line is this is a market on the move. The machines that are moving the fastest right now are the ones you will want to keep an eye out for the remainder of 2010: wheel loaders and articulated dump trucks.<\/span><\/p>\n<blockquote><p><span style=\"font-weight: 400;\">Looking for a new Volvo machine or a machine to be added to your fleet? Check out our current <a href=\"https:\/\/www.my-equipment.com\/wheel-loaders\">used wheel loaders<\/a> and available <a href=\"https:\/\/www.my-equipment.com\/articulated-trucks\">used articulated dump trucks<\/a> for what&#8217;s available today!<\/span><\/p><\/blockquote>\n<p style=\"text-align: center;\"><span style=\"font-size: 18pt;\"><strong>Don\u2019t forget to subscribe to our YouTube channel for more equipment offers and insights into the industry. <\/strong><\/span><\/p>\n<p><center><iframe loading=\"lazy\" title=\"YouTube video player\" src=\"https:\/\/www.youtube.com\/embed\/Nni3IEZSDA8?si=CS9_zGu-m450s0I5\" width=\"560\" height=\"315\" frameborder=\"0\" allowfullscreen=\"allowfullscreen\"><\/iframe>\u00a0 \u00a0 \u00a0 \u00a0<\/center><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Volvo Construction Equipment recently completed its 2nd quarter of 2026, and the figures reveal two &hellip; <a href=\"https:\/\/www.my-equipment.com\/blog\/2026\/09\/volvo-ces-north-american-business-overtakes-the-global-market-q2-2026-report\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;Volvo CE&#8217;s North American Business Overtakes the Global Market: Q2 2026 Report&#8221;<\/span><\/a><\/p>\n","protected":false},"author":3,"featured_media":45107,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1155,126],"tags":[5645,4915,2787,5638,3215,4667,2646,5644,5641,2972,5635,5642,5646,3943,5637,5636,5640,5632,5634,5633,141,5643,5639,3745,1242],"class_list":["post-45106","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-feature","category-news","tag-construction-equipment-industry-report","tag-construction-equipment-market-2026","tag-construction-equipment-market-trends","tag-construction-equipment-orders","tag-construction-machinery-sales","tag-heavy-equipment-industry-trends","tag-heavy-equipment-market-2026","tag-north-american-construction-equipment","tag-sdlg-divestiture","tag-used-volvo-construction-equipment","tag-volvo-ce-financial-results","tag-volvo-ce-global-market","tag-volvo-ce-market-performance","tag-volvo-ce-north-america","tag-volvo-ce-north-america-market","tag-volvo-ce-north-american-sales","tag-volvo-ce-orders","tag-volvo-ce-q2-2026","tag-volvo-ce-q2-results","tag-volvo-ce-sales-2026","tag-volvo-construction-equipment","tag-volvo-construction-equipment-sales","tag-volvo-equipment-sales","tag-volvo-excavators","tag-volvo-wheel-loaders"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v23.2 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Volvo CE&#039;s North American Business Overtakes the Global Market: Q2 2026 Report<\/title>\n<meta name=\"description\" content=\"Volvo CE&#039;s Q2 2026 results show North American sales up 25% and orders up 8%, even as global figures adjust to the SDLG divestiture. 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