The financial crisis may be easing but the geopolitical situation will continue to hamper heavy equipment sales for some years yet, according to David Phillips, head of Off Highway Research, based in the UK. Gone are the heady days of pre-2007, “when it was unbelievably easy to get credit” to buy machinery, Phillips told delegates during his presentation on day two of the Pavement Preservation and Recycling Summit in Paris this week. North America alone counted for up to half of world demand for equipment w