Daveilift:

That's good insight, thanks.

In your opinion, do you think a recession in Europe will cause the sale of forklifts to decline?

And will the leasing companies slow/suspend replenishing their inventory in the face of uncertain times? Seems like the associations that forecast forklift sales are still predicting growth for 2012 and 2013. Looks like in 2008, when financing/credit was an issue, forklift sales declined... perhaps its more closely linked with the ability to get financing, rather than GDP growth?! - what do you think?

Thanks again.