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|Tides are Turning: 2014 Progressive Insurance Los Angeles Boat Show Highlights Billion Dollar Recreational Boating Business|
|With marine retail expenditures increasing, the recreational boating industry is seeing first significant signs of post-recession recovery|
LOS ANGELES (December 26, 2013) – Americans are taking to the water in record numbers, with more than 88 million Americans participating in boating in 2012, a six percent increase over 2011. Additionally, recreational boating retail expenditures (new and pre-owned boats and engines, trailers, accessories and services including fuel, repair, storage, insurance, taxes) increased 10 percent in 2012 to $35.6 billion, demonstrating the first significant post-recession recovery for the industry.
Echoing the nationwide trend, total sales for new power boats, engines, trailers and accessories in California were up 17.3 percent in 2012 at $367 million. The 2014 Progressive Insurance Los Angeles Boat Show, taking place Feb. 6-9 and produced by the National Marine Manufacturers Association (NMMA), is set to continue the positive sales momentum for the boating industry and businesses throughout Los Angeles and California.
“Boating supports more than 25,000 jobs in California, with those numbers continuing to climb. In Los Angeles alone, there are nearly 80,000 recreational boats and more than 480 boating businesses,” said Dave Geoffroy, VP, Executive Director, NMMA West. “The Progressive Insurance Los Angeles Boat Show not only serves as a one-stop-shop for consumers to buy the newest boats and marine accessories, boosting sales for businesses; it also provides people with a chance to experience the benefits of the boating lifestyle, which we hope will ultimately get more people on the water and boating for generations.”
At the 2014 boat show, attendees can compare and shop hundreds of boats of all sizes and price points from sport fishing vessels, brokerage yachts, and pontoons to ski boats, personal watercrafts, and cruisers, plus take advantage of free learning opportunities in a classroom-like setting or on the water, and enjoy a variety of family-friendly nautical activities.
California Boating by the Numbers:
*Source: National Marine Manufacturers Association (NMMA)
February 6-9, 2014
Los Angeles Convention Center
1201 S. Figueroa Street, Downtown LA
4637 Admiralty Way, Marina del Rey
$12 for adults; youth 15 and younger accompanied by an adult
Tickets can be purchased online at laboatshow.com or at the LA Convention Center box office
LA Convention Center
February 6-7, 12:00pm-9:00pm
February 8, 10:00am-9:00pm
February 9, 10:00am-6:00pm
Pier 44, Marina del Rey
February 6-7, 12:00pm-5:00pm
February 8-9 10:00am-5:00pm
*Complimentary round trip shuttle transportation will be available to shuttle guests to and from the LA Convention Center and Pier 44.
About the Progressive Insurance Los Angeles Boat Show: The Progressive Insurance Los Angeles Boat Show is produced by the National Marine Manufacturers Association (NMMA), the world’s largest producer of boat shows and the leading association representing the recreational boating industry. NMMA member companies produce more than 80 percent of the boats, engines, trailers, accessories and gear used by boaters and anglers throughout the U.S. and Canada. The association is dedicated to industry growth through programs in public policy advocacy, market statistics and research, product quality assurance and promotion of the boating lifestyle. For more information, visit www.nmma.org.
About Progressive:The Progressive Group of Insurance Companies makes it easy to understand, buy and use auto insurance. Progressive offers choices so consumers can reach it whenever, wherever and however it’s most convenient—online at progressive.com, by phone at 1-800-PROGRESSIVE, on a mobile device or in-person with a local agent. Progressive also offers insurance for personal and commercial autos and trucks, motorcycles, boats, recreational vehicles, as well as home insurance through select carriers. It’s the fourth largest auto insurer in the country, the largest seller ofmotorcycle insurance and a leader in commercial auto insurance. Progressive also offers car insurance online in Australia at http://www.progressiveonline.com.au.
Founded in 1937, Progressive continues its long history of offering shopping tools and services that save customers time and money, like Name Your Price®, Snapshot® and Service Centers.
The Common Shares of The Progressive Corporation, the Mayfield Village, Ohio-based holding company, trade publicly at NYSE:PGR.
To learn more about Progressive Boat Insurance, which insures more than one million watercraft, contact Erin Vrobel at Erin_L_Vrobel@Progressive.com, (440) 395-0179.