Due to the nature of our economy, there's no doubt the boating business has been hit hard by the lack of consumer confidence and free flow of cash. But it looks like a turnaround is in the air for the big boaters.
The president of the National Marine Manufacturers Association exclaimed that during the recent contest for Discover Boating asking boaters to send in photos and videos of their favorite pasttime, an astounding 400 people sent in their information when only 40 were expected to participate.
Discover Boating was launched in 2006 and participation rates among boaters has slowly increased to about 32% in 2008. Once people get out on the water, they tend to continue this activity and buy their own boats.
All over it seems that consumer confidence is increasing, and when that does, so do boat sales.
Some other signs of a turnaround include the bottoming of the housing market and a growth in RV sales.
With that said, it looks like we should try to spend more time in the great outdoors and invest in one of America's most enjoyable pasttimes.
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