Just as the market is ripe for first-time home buyers or those looking for a new car, an overabundance of supply and a dearth of demand has created a rare opportunity in the machine tool market. Companies with strong lines of credit are finding once unthinkable discounts on highly sophisticated equipment.
But, at a time when manufacturers face the most uncertain economy most of them will ever know, and with banks just beginning to show stability, capital equipment investment is a far more tentative undertaking today than at any time in recent decades.
