Tag Archive: Gun Sales


Contrary To Media Narrative, Gun Sales Are Steadily Increasing

 

 

 

” If you only follow news in the Left wing echo chamber, you might be tempted to think that Americans have begun turning their backs on gun ownership. Whenever there is one smidgen of data to suggest a decline in sales, the media will latch onto it as proof of a larger trend. The most recent example was when Virginia saw a slight decrease in background checks following three years of exponential growth. (Note the difference in terminology between actual sales and background checks which will become crucial a bit later.) Time Magazine, just last summer, went so far as to list guns as one of the ten things people just aren’t buying anymore. (Along with cereal, gum and … bread. Really?) But is there any truth to this? Are we falling out of love with our beloved tools of self-protection?

   The NRA’s Institute for Legislative Action takes a look at the actual figures and finds the claims to be less than substantive.

  The media’s claims about gun purchase trends are based upon the annual numbers of firearm-related background checks conducted through the National Instant Criminal Background Check System (NICS). NICS statistics are not a perfect measure of gun purchases, but to the extent they illustrate trends in purchases, they show that the rate at which Americans are acquiring firearms is actually increasing.”

 

 

Jazz Shaw at Hot Air has more

 

 

 

 

 

 

 

 

 

 

 

Colt Warns Of Possible Default, Likely To Miss $10.9 Million Payment

 

 

 

” With diminishing sales and unlikeliness of paying bondholders, Colt Defense, LLC warns of a bleak financial future.

  The privately held company announced yesterday in a filing with the Securities and Exchange Commission possible default as it’s likely to miss a $10.9 million payment to bondholders on Nov. 17. If skipped, Colt has a 30-day grace period, but if it does not pay by Dec. 15 the company will be in default.

  If a company defaults without first declaring bankruptcy, creditors will likely force it into bankruptcy and liquidate the assets or the company will operate under the shield of a bank, limiting major operational decisions.

  Colt blames its financial woes on a continued decline in demand for rifles and handguns in the commercial market, and delays in government sales. The company reported in June a $20.5 million loss so far in 2014, down from a $9.5 million profit for the same time in 2013.

  Like the iconic West Hartford, Connecticut, company, other gun makers have also seen a decline in demand. Smith & Wesson reported a net income of $14.6 million, down from $26.5 million for the quarter last year. Profits for the industry giant, Sturm, Ruger and Company, plunged 76.3 percent, from $28.6 million this time last year to $6.8 million for the past three months. “

Thanks to Guns.com

March The Second Biggest Month For NICS Background Checks

 

 

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” March was the third biggest month for firearm background check numbers in the National Instant Criminal Background Check systems history, according to numbers release by the FBI. That number changes when data is adjusted, Guns.com reports.

  According to the data, across the country 2,488,842 total background checks were performed  in March 2014, which is up by about 200,000 from one year ago and by about 400,000 from February.

  Additionally, March 2014 had three of the 10 highest number of checks in a single day, and the first two weeks of the month ranked in the top 10 for highest weeks for gun background checks. “

However, if the raw number is adjusted by subtracting out NICS purpose code permit checks used by several states such as Connecticut, Illinois and Utah for CCW permit application checks as well as checks on active CCW permit databases, it actually becomes the second highest March in NICS history, according to the National Shooting Sports Foundation, the industry’s lobby. […] “

Thanks to the Free Beacon

Bloomberg And CNN Pretend Americans Don’t Want Guns

 

 

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” We reckon that anti-gunners will do just about anything to try to trick people into thinking that gun sales are tanking and that Americans therefore are ready to support the full array of restrictions envisioned by our “transform the United States of America” president, Barack Obama.

  Yesterday, Bloomberg Businessweek featured an article by Kyle Stock that juggled monthly numbers of firearm-related checks conducted by the National Instant Criminal Background System (NICS) to make it appear that, as Stock put it, “Americans, apparently, may finally have enough guns and ammunition.”  Stock explained, “FBI background checks, a leading indicator of firearm demand, have also been dropping. Federal applications to make a gun purchase last month were one-third fewer (sic) than a year ago.”

  Today, CNN published a similar item. Titled “Gun Sales Are Plunging,” the article, by Aaron Smith, says “Background checks by the Federal Bureau of Investigation, considered the most accurate means of tracking gun sales, plunged by a third in January compared to the year before.” “

 

NRA has the story and as is the norm , the MSM’s data is skewed to push their agenda … no surprise there .

 

 

 

 

 

 

 

 

 

 

Gun Sales Hit New Record, Ammo Boom To Follow

 

Record Gun Sales

 

 

 

2013 was the best year for firearm sales (commercial, domestic) in history — period! That’s true for NH to Hawaii,” said Richard Feldman, president of the Independent Firearm Owners Association in Rindge, N.H. “Ruger alone sold well over one million guns this year.” 

  Gun sales spiked as Congress and a number of states debated whether to impose more restrictions on firearms purchases after Sandy HookCongress stalemated, but some states moved forward.”

 

 

 

 

 

 

 

 

22 States Back NRA Lawsuit To Overturn Federal Ban On Handgun Sales To People Under 21 (VIDEO)

 

 

 

” The number of states that are backing the National Rifle Associations lawsuit to overturn the federal ban on handgun sales from federal firearms licensees or gun dealers to people under the age of 21 continues to grow, with Utah being the latest state to join the list.

This week Utah Attorney General John Swallow signed on to an amicus brief filed by Alabama Attorney General Luther Strange, which implores the U.S. Supreme Court to hear the case NRA v. BATF.

Swallow argued that the high court needs to make a determination on whether the right to keep and bear arms truly applies to 18, 19 and 20 year olds, noting that at the core of the matter there is a collision between federal and state law.

“It’s really a federalism issue. We feel like we should be able to enforce state policy where it comes to the safety of our citizens,” Swallow told the Deseret News.”

 

 

 

 

 

 

 

Barack Obama, World’s Greatest Gun Salesman

 

 

 

” The United States is the most heavily armed nation in world history, and it seems we have President Barack Obama to thank for it.

Before you ask: we’re not talking about the U.S. military, we’re talking about the firearms owned by the general population. The National Rifle Association’s Institute for Legislative Action (NRA-ILA) estimates that there are roughly 300 million firearms in the United States — and of those, nearly 40 million new firearms have been sold just since Barack Obama came into office in 2009.

This is a staggering jump of more than 15 percent in just over four years, in a nation 237 years old.

The current standing military of the United States, including National Guard, Air National Guard, and Reserve units, is approximately 2.2 million servicemen. Citizens have purchased enough new firearms since 2009 to equip every member of the military 18 times. Of those arms purchased, the overwhelming majority aren’t sporting arms (like Vice President Joe Biden’s recommendation of an archaic double-barrel shotgun). As I noted in December, people are buying very specific arms designed for very specific purposes:

Manufacturers were running full-bore, but couldn’t come close to keeping up with market demand. It wasn’t just the AR-15s, the AK-pattern rifles, the M1As, and the FALs that were sold out. It really hit me when I realized that the World War-era M1 Garands, M1 carbines, and Enfield .303s were gone, along with every last shell. Ubiquitous Mosin-Nagants — of which every gun store always seems to have 10-20 — were gone. So was their ammo. Only a dust free space marked their passing. I’ve never seen anything like it.

Every weapon of military utility designed within the past 100+ years was gone …

 

 

 

 

 

 

 

After The Obama Surge: A New Rush On Gun Stores

 

 

 

 

 

 

” Gun buyers have long demonstrated a tendency to stock up on weapons and ammunition ahead of possible changes to gun laws, and a so-called “Obama surge” in gun sales kicked off in the lead-up to Barack Obama’s first election victory in 2008.

There was a similar pick up in 2012 as a second Obama victory looked likely, and another rush on stores when it became clear the Obama administration would push for tighter gun control laws in the wake of the Sandy Hook school shooting last December.

In fact, the rush beginning in December has been high even by historic standards: the FBI conducted just under 2.8 million background checks on prospective gun buyers in December 2012, the highest number in any single month since records begin in November 1998.  That’s more than triple the number it was running in in December 2002.

And the rush has continued through 2013 so far. Here’s the number of monthly background checks in the first three months of each year since 1998. This year looks set to be the busiest ever.” 

 

 

 

 

 

 

Bloomberg: If You Sell A Gun To Your Son, ‘There’s Something Wrong In Your Family

 

 

 

 

” In a radio appearance on Friday, Bloomberg, a gun control activist and co-chair of Mayors Against Illegal Guns, praised the legislation that is now moving forward in the Senate.  The bill would require universal background checks for most sales of firearms, including those online and at gun shows.

“The only thing it would not cover is if you sold a gun to your son, for example,” Bloomberg told radio host John Gambling.  “Number one, I don’t know how we would ever enforce that if it were the law. So to make a big deal about that’s carved out, so what? It doesn’t change anything.”

“Number two, I would argue if you want to sell your gun to your son, maybe you have a problem in your family,” he said.  “Why don’t you just give—I don’t know if you should have a gun or not, but if you have a commercial transaction of $100 with your son, there’s something wrong in your family.”

 

 

    We would just point out Mr Mayor , number one … That most guns cost a lot more than $100 , and , number two … that most families are not quite so moneyed as yours . We gun-owners are mostly not of the 1% like yourself and consequently may not be able to afford to just “give away” things , even to family members .

 

    And that’s not to even mention the life lesson taught by parent to child about having to work for things that you want . Your ignorance of the common folk rivals that of the rest of the ruling class in Albany and DC . 

 

 

 

 

 

 

 

Honest Americans Bought Enough Guns in November and December to Outfit the Entire Chinese and Indian Armies

 

 

 

 

 

 

 

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” Honest Americans Bought Enough Guns in November and December to Outfit the Entire Chinese and Indian Armies

The Obama Administration is the number one threat to the nation’s gun rights advocates.  In the four years since Barack Obama was first elected president in November 2008, an estimated 67 million firearms have been purchased in the United States. In November a record 2 million guns were sold in America.  This was followed up by another record in December.  2.7 million guns were sold in America in the last month of 2012 “

Cheaper Than Dirt

 

 

 

 

 ” Last week’s Black Friday guns sales increased noticeably over last year’s record breaking levels. The FBI did 154,873 instant background checks on Nov. 23, which is up 20% over the 129,166 background checks they did last year. But since multiple guns can be sold with each background check, even these impressive numbers do not tell the whole story. There may have been twice as many guns sold as there were background checks performed.”

Black Friday Gun Sales Set Record

 

 ” A new single-day record for point-of-sale background checks was established on Black Friday, November 23, when 154,873 were conducted by the FBI National Instant Criminal Background Check System (NICS). That total was nearly 20 percent more than the previous high of 129,166 set on Black Friday last year. ”

 

 

…  Due To Call Volume

 

 

 

 ” Pretend for a moment that you’re the owner of a giant retail store in a populated, commercial area.  Pretend that it’s Black Friday and throngs of holiday shoppers are in your store looking to score big deals on coveted items.

You’ve done your homework.  You’ve spent the last several months preparing for this all-important day, the day that officially kick-starts the holiday shopping season.

You’ve stocked up on product and merchandize, you’ve doubled your staff, you’ve expanded your store hours, essentially you’ve done everything you could to ensure the day runs as smooth as possible so that you can maximize profit.

Now imagine that before every transaction is completed you have to call the government so that they may sanction the sale.  It’s standard protocol, you’re accustomed to doing it, but on this day, arguably the busiest shopping day of the year, for some reason, the government is not picking up the phone. “

Get ’em While You Can

 

 

 

 ” Gun sales are soaring in the wake of President Barack Obama’s reelection. Evidence for the beginning of what could be a second Obama gun boom are both anecdotally and empirically visible. 

To start with the anecdotal evidence, there’s no shortage of dealers and gun shop owners reporting a spike in sales.    

“We’re going from normally six to eight guns a day to 25,” Mel Bernstein, owner of Dragonman Arms in Colorado Springs, Colorado, told KOAA-TV.  “I stocked up, I got a stockpile of these AK-47s, we’re selling these like hot cakes. Luckily I had an idea of what was going on because it happened with Clinton.”

Bernstein is referring to the rise in gun sales before the passage of the Clinton-era Assault Weapons Ban, which placed restrictions on firearms with the following features: folding or telescoping stocks, magazine capacity, pistol grips, bayonet mounts, flash suppressors, among others. The ban, as most of us recall, expired in 2004.  

“Sales are up,” John Kielbasa, owner of Fernwood Firearms in Hankins, New York, told CNN.  “I had a guy waiting here first thing in the morning [after the election]. He came in, bought two AK-47s. It’s going to be good for me for business.”

What’s happening on the ground, so to speak, is also being reflected in the stock market.  Stock prices for the two publicly traded firearms manufacturers, Smith & Wesson and Ruger, continue to show strong returns, easily surpassing the return on the S&P 500 index, as seen courtesy of the Forbes chart below: ” 

 

 

 

Chart of stock prices for Ruger and Smith & Wesson. Dated Nov. 8, 2012.

He’s Good For One Private Sector Business

 

   “Gun maker stocks surged on early Wednesday morning as President Barack Obama’s re-election has stoked fears of tighter gun control measures in his second term.

Shares of the top two U.S. gun manufacturers Smith & Wesson and Sturm Ruger exploded early Wednesday morning, reports Investor’s Business Daily.

“The re-election of President Obama should drive political firearm sales,” said Benchmark & Co analyst Mike Greene.”

… Gun Sales Up Overall, Election’s Next Week

 

 

 ” Ruger released its third quarter earnings report last night and surprise, surprise, overall sales are up for the country’s number one-ranked gun company.

Ruger’s positive earnings report continues to support the argument that gun sales are up as indicated by the release of the FBI’s National Instant Criminal Background Check System (NICS) data earlier this month, which showed a 14.7 percent increase from the previous month. The NICS data simply provides the number of background checks performed, so it is merely a way to estimate sales.

For the first nine months ending Sept. 29, Ruger’s net sales were $350.1 million, which is a $114.5 million increase from 2011. 

Part of Ruger’s success is due to its new products for 2012. These products — the Ruger American RifleSR22 pistol,10/22 Takedown rifle22/45 Lite pistol and Single-Nine revolver — made up 38 percent of sales so far in 2012. That equates to around $130.3 million.

At the beginning of September Smith & Wesson reported a solid fiscal first quarter, which began in July, with a $44.3 million increase in sales from 2011.”

 

 

   It’s obvious that the people are paying attention and they realize that there is trouble coming our way and the “authorities” cannot be counted upon to make things right .

 

 “The gun business is booming. The question is, why?

 

Smith & Wesson stock was zooming Friday, thanks to a stellar earnings report. The firearms maker also boosted its outlook for the rest of the year. Because of the strong business, its backlog of orders more than doubled from the same quarter last year, the company is concentrating on boosting production and building inventory.

 

 “We are underserving the market at this moment, we all know that, and that’s a great opportunity going forward for us,” CEO James Debney said in a conference call with analysts.”

 

” What The Left Won’t Tell You About The Boom In U.S. Gun Sales “

” As gun sales surged in early 2009 the going joke among employees of gun manufacturers was that President Barack Obama was the “greatest gun salesman of all time.” The trouble with this backhanded complement, however, is Left-
leaning news outlets have since used it to avoid something that really scares them.

   As ABC put it, Americans are buying more Glocks and Berettas simply because they fear “a
second Obama administration might restrict gun ownership.” Their reporting conveniently stops
right there. “

  “March marked the 22nd straight month of increased background checks for gun sales and transfers over the previous year, and gun manufacturer stocks are soaring. Every state in the country
except Obama’s home state of Illinois now has concealed-carry laws on the books. “