Gun and ammo sellers are suffering from a lack of 'fear-based buying' because no one's worried about gun control under Donald Trump

Oct 2010
67,692
27,576
Colorado
#1
Daggone, q SNAGA In MAGA?

Gun and ammo sellers are suffering from a lack of 'fear-based buying' because no one's worried about gun control under Donald Trump
Some of America's biggest sellers of guns and ammo are suffering from a lack of "fear-based buying," as consumers aren't worried about stricter gun control while Donald Trump is in office.​
Given the minimal risk of Democrats passing tighter gun laws while Republicans control the Senate and the White House, people haven't been panic-purchasing firearms out of paranoia they'll lose access to them.​
Somewhat ironically, open season for gun buyers has hammered the firearms industry. The number of background checks for handgun buyers recorded in the National Instant Criminal Background Check System — a useful proxy for consumer demand for firearms — fell 6% last year and dropped 8% in the first quarter of this year.​
...American Outdoor, which owns Smith & Wesson, shipped around 820,000 fewer handguns and long guns in the year to April 2018, compared to the previous fiscal year when consumers feared Hillary Clinton would be elected president. The company's handgun revenues plunged by more than $230 million or 41% in the year to April 2018, and its sales of long guns halved to about $90 million, as fears of more stringent gun control evaporated.​
"Certainly the market appears to have somewhat reached its low point," Debney told analysts this week. "Is it going to start growing from here? I just don't know."​

More: Gun and ammo sellers are suffering from a lack of 'fear-based buying' because no one's worried about gun control under Donald Trump | Markets Insider
 
Likes: Hollywood
Sep 2017
2,353
1,180
Hell
#3
Seems right. During the Obama era, there was a such a steady surge in arms sales that Obama was named the greatest gun salesman in history by some people.
 
Mar 2013
9,921
10,689
Middle Tennessee
#5
The irony is that people were afraid the gubmint was going to come take our guns, so they all ran out and bought more guns for the gubmint to take away from them !!
 
Likes: Clara007

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