Gun sales already at 11 million, poised to break another record

·2 min read

There is no end in sight for the booming firearms industry.

Despite thin inventories, sales in July were the second-highest ever for the month at an estimated 1.3 million-1.4 million, bringing the total to about 11 million this year, according to an analysis of FBI background check data.

“That’s a strong demand signal from the American public that there is steady and strong appetite for continued firearm sales,” said Mark Oliva of the National Shooting Sports Foundation, the industry trade group.

“Summer is typically a part of the year when firearm sales will slow, but July’s figures defy that trend. Americans are still buying guns, and they’re buying them in numbers higher than previous years and at a pace that would have been unpredictable two or three years ago. To date, more than 11 million background checks have been completed for the sale of a gun,” he added.

Jurgen Brauer, the chief economist at Small Arms Analytics & Forecasting, said, “Even though the July year-over-year headline number fell drastically, estimated unit sales of nearly 1.4 million in July 2021 increased by over 500,000 units when compared to the more ‘normal’ July 2019 data. Indeed, apart from last year’s extraordinary July number, the July 2021 number is the highest on record.”

The FBI background check numbers were actually the lowest of the year, at 2,882,672. They include checks for security clearances, concealed carry permits, and gun sales.

Oliva, the NSSF director of public affairs, said beating last year may be difficult. At this point, sales had topped 13 million. But for comparison, he added, sales were about 12.1 million.

But last year was an oddity with huge sales hinged to the election, concerns about the coronavirus, and Black Lives Matter riots.

Still, to show just how sales have exploded, he added that in 2019, sales were 13.2 million for the entire year.

Justin Anderson, the marketing director at Hyatt Guns in Charlotte, North Carolina, gave Secrets a Main Street analysis of what is going on.

He said, “I think the current slowdown is the result of the traditional summer slump that hits the industry every year. While we’re down from last year's records, we are still well ahead of 2019. I expect business will pick up at the end of August, early September, which is normal. Fueling that will also be more availability of popular firearms, as well as more ammunition as the manufacturers have ramped up production in both areas. We are now reaching what I consider a ‘New Normal.’”

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Tags: Washington Secrets, Joe Biden, Gun Control

Original Author: Paul Bedard

Original Location: Gun sales already at 11 million, poised to break another record