Over the last 32 years, the U.S. Gross Domestic Product (GDP) has grown at an annual rate of at least 2.5% a total of 22 times. In each of those 22 years, the lift truck industry has grown as well. During the 10 years that GDP growth was less than 2.5%, our industry declined in all 10. Thus, GDP growth, or lack thereof, is closely aligned with the lift truck industry…except in 2011.
|The overall economy technically moved from recovery to expansion in the first quarter of 2011. At its current growth rate, manufacturing production will not be fully recovered until mid 2013.|
As we know too well, demand for lift trucks is highly cyclical and, like most capital goods, is tied to general economic activity. Coming out of the recent recession, after three consecutive years of double digit declines, the lift truck industry grew 39% in 2010 and was up 31% as of September 2011.
|In the U.S. and Canada alone, truck orders are projected to reach almost 175,000 units.|
Continental Lift Truck, located in Minneapolis, MN, is one of the largest wholesalers of Used Forklifts in the World. Established in 1984, the founder of the company, Douglas Tamasi, has been in the forklift industry since 1969.
Our huge inventory includes: Cushion Tire Used Forklifts, Pneumatic Tire Used Forklifts, Rough Terrain Used Forklifts, Three Wheel Electric Used Forklifts, Sit Down Rider Electric Used Forklifts,Reach Trucks Used Forklifts and more used forklifts.