The grey nomad lifestyle continues to gain popularity, with production of caravans and recreation vehicles at record highs as more older Australians pack up and hit the road.
Production figures from RVM Australia show that for the last three years more than 20,000 caravans and RVs have been manufactured in Australia – the first time this has happened.
“Retirees, and baby boomer’s remain as the prominent consumers of conventional caravans and RV’s,” confirms CEO of RVM Australia, David Duncan.
RVM Australia says in 2012 “the annual production of 20,708 was only within 5% of the 30 year record achieved in 2011”.
“The industry’s continuing strength was build on a healthy demand across the spectrum of locally built RV’s, especially for traditional caravans, ” Mr. Duncan explains.
And he says the future looks bright.
“We can expect another boom year in 2013,” Mr Duncan says.
“Compared to recent years, currently things are going pretty well with promising interest rates, superannuation returns and retirement settlements,”he says, adding that these are factors which all contribute to a healthy market for caravans and RVs.
“Production of vehicle remains consistent” Mr. Duncan adds.
He says the industry has rebounded strongly from the GFC with sales up 29% since 2009.
Innovation has been a catalyst with improvements in products, technology, aerodynamics, and fuel efficiency to increase the quality of the vehicle.
When asked, what makes the traditional caravan still so popular with consumers, Mr. Duncan had a very simple but honest answer “It is the Australian way of life.”