Posted on 05/04/2024 5:41:05 AM PDT by marktwain
The National Instant Background Check System (NICS) numbers for March 2024 are significantly lower than March 2023. Gun sales for March this year, at 1.39 million, are 92% of last year’s, at 1.51 million. They are the lowest sales for March back to 2019. While this shows a drop in sales since the extraordinary sales levels in the election year of 2020, it is a relatively high number.
Individual states such as Kentucky and Illinois have systems that do NICS checks on hundreds of thousands of people every month. The NICS checks for firearm permits and permit rechecks were over a million for March 2024. They are highly variable by state. The trend to Constitutional, or permitless carry, has slowed the number of applications for carry permits, though they are extremely popular. The number of permits in 2023 is about the same as in 2022, with about 20 million permits in the USA. This could change dramatically if the US Supreme Court slaps down the defiance in states such as New York, Maryland, California, and New Jersey In eight highly restrictive states, the legislatures continue to add difficulties to carry permit applications. The potential number of people desiring permits in those highly restrictive states is, conservatively, another 4-8 million people.
Firearm and accessory prices appear to be dropping with the drop in sales, in direct contradiction to monetary inflation. The bogging down of the economy is likely having an effect, as people cut back on elective purchases and individual debt is piling up.
(Excerpt) Read more at ammoland.com ...
Gun sales by type for 2024 (bars). 2023 by type (lines)
I have this strange feeling that things will be heating up this summer.
Money is tight.
Unemployment is up.
Short term, food comes before firearms.
The sporting goods outlets are having a lot of “Sales”.
Ammunition and reloading components have gone up a lot. But suppliers are running sales off of those prices in short spurt rotation.
If things go hot due to the border invasion, who knows what supply channels can supply.
Thanks for the charts, the 2024 chart is showing recent up tick that may be a future indicator.
Up Up
I’m about to get back in the market myself. I have wanted a carbine chambered in 9mm since I fired one a couple of years ago. Other things in life intervened, and I sort of forgot about it until recently, when it just poppedback into my mind out of nowhere.
At some point, most of the people who want to make a purchase will have made one. That will hold them for a good while. Not every owner is an enthusiast. Demand will probably come in waves.
Necessities like food and fuel are up so spending on other things are down.
Yes, and home and auto insurance is up.
Utilities are up, some of those are up a lot.
And Taxes are up.
Inflation is a destroyer of wealth, and on the scale of inflation today it is a MONSTER DESTROYER of Wealth.
At some point there is some market saturation. Except for real collectors, how many firearms do people really want to own? A couple of pistols, a shotgun or 2 , and AR type rifle or 2 and a couple of hunting rifles if you hunt. Guns don’t generally go bad and technology is not really progressing much to make one firearm vastly superior warranting an upgrade.
After several years of soaring sales and the Supreme Court reigning in gun control and very little talk of gun control as the election nears, a slow down should be expected.
I have enough weapons, but in the past two years I bought a few. And I stocked up on reloading supplies for everyone in our family. It took quite a while to accomplish that, supplies of components until about 6 months ago were very tight in some areas. You can get almost everything now, but the prices are a lot higher in general..
Yes, and it is MONSTER TRANSFER AGENT of wealth.
It takes from everyone who has any monetary assets and transfers the wealth to those the government doles out the largess. As those types generally dissipate it, the wealth, which took decades, centuries to accumulate, is destroyed.
Tough decisions ahead as I see it.
Yeah, I apologize that I have kept up my buying, but I have to get another gun safe first.
Gun sales slowing.
Ammo sales strong.
Yes, exactly.
Leads to executions of resistance and perpetual slavery for those remaining.
No matter what ism they call it, the result is the same. Some forms take a little longer.
The freedom we have taken for granted will have to be fought for if we can keep it.
They are dropping because discretionary money is tight thanks to the stool sample in the White House.
Less disposable income. Inflation is taking it’s toll on everything.
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One thing that is not tracked (at the moment, and it’s not for lack of federal attempts) is private sales due to their, ah, private nature. That is not likely to change much if the ATF does manage to bull-rush background checks for private sales into law. The parties involved simply keep their respective mouths shut. No blip on the graph.
Why buy from a source that reports you to the enemy?
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