While the article is in Italian, the news is interesting.

Bicycle sales (for 2011) are holding steady at around 1.75 million bikes sold (as per the Italian Bicycle Makers Association), with only a slight decline in production in Italy to 1.48 million bikes, and an increase in exports of 8.8%.

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Cervelo R3, Campagnolo Chorus/Record mix... pastatrails.blogspot.com
And you can call me Macktastik Honey Pete Kicks, thank you.

So not growing? That's coz Ivan failed to win the Giro.
I wonder how the sales are going in Pongo?

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r o y g b i v

Although italian is such a beautiful language to read, here's the article with google translate -http://translate.google.com/translate?twu=1?sl=auto&tl=en&u=http%3A//motori.corriere.it/motori/dueruote/12_giugno_21/vendite-biciclette-crisi-non-frena_10ac30d2-bba6-11e1-b706-87dd3eab4821.shtml [url][/url] Electric bike market-50.000 units sold in 2011 !not a fan of those, i prefer my velocipede still...