Innovation Thrives as Industry Suppliers Roll Out The Next Wave
Some logistical challenges are dampening the excitement. New equipment is rolling out of factories fast, although the rate is starting to subside. Owners who are waiting patiently to have new machines delivered are getting frustrated.
Last year, producers and dealers sold an impressive 24.4% more new machinery than in 2003. Many say they expect to beat sales again in 2005, but only by 5 to 15%. Some blame super-heated sales in 2004 on a U.S. tax provision for bonus depreciation of capital assets, which expired in December.