Boomers Replace Their Children as No. 1 Market for Autos: Cars
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Last year, Dave Rodham bought two Ford Mustangs -- a red one because it looked cool and then a white one with a big V-8 engine because it sounded cool. For Rodham, 63 and retired, those were his 50th and 51st cars.
“I have to have a new car every year-and-a-half to two years,” said Rodham, of Virginia Beach, Virginia, who said he pays cash for his cars. “After I retired 10 years ago, I didn’t have anything else to do, so I went out and bought new cars.”