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Baby Boomer RV Dreams Keep Industry Optimistic

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By Laura Rossman, http://boomersummit.wordpress.com/

There are now about 8.2 million RV owners across the nation, according to the Recreation Vehicle Industry Association. Unlike the stereotype of older couples hitting the road after retirement, the average RV owner is middle-aged and married, traveling a total of 4,500 miles and 26 days annually.

The industry is betting on an expected increase in new buyers entering the market, as the baby boomer generation enters retirement.

“Baby boomers have had a really large impact on the industry already. They represent the largest group of owners in the industry,” Mark Polk, owner of RV Education 101, an education program that publishes how-to books and videos for newcomers to the RV lifestyle, told CNBC.

RV companies have been anticipating the influx in potential customers for awhile.

“All along, for the last four or five years, we’ve known the baby boomer population is coming. Every month there will be 350,000 potential customers in the baby boomers through 2030,” said Winnebago CEO Bob Olson. “There is a potential opportunity for our customer base to grow. A portion of them will want to join the RV lifestyle. This bodes well for us in the future.”

By Laura Rossman, http://boomersummit.wordpress.com/

 

 

By What’s Next Boomer Business Su Date 11-04-2009 Print this article

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