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Posted on 08/19/2020 4:30:20 PM PDT by PROCON
Gun and ammo makers are staying cautious ahead of the election despite surging sales, because they remember all too well the crash that happened after the election of President Trump.
Gunmakers can barely keep up with demand. Sales have been booming since the start of the pandemic, fueled by fears of coronavirus and civil unrest. FBI background checks have been breaking records. Makers of guns and ammo are reporting double-digit increases in revenue. Handguns are flying off the shelves and ammo is selling out and getting scarce.
“It’s the 2013 shortage all over again,” said Brian Rafn, a gun industry analyst who recently retired from Morgan Dempsey, referring to the run on ammo during the Obama administration. Rafn, whose family owns shares in Sturm, Ruger, said that nowadays buyers of popular ammo like 9 mm have to hunt for it from store to store like “the guy who’s buying milk during the hurricane.”
But gun and ammo makers are hyper-cautious about ramping up manufacturing capacity. They don't want to get burned like in 2016, when sales surged to record levels only to implode on Election Day. Sales then were driven by fears of gun control fueled by mass shootings, but those fears evaporated with the election of President Trump, a Republican endorsed by the National Rifle Association. Gun sales plunged immediately after his election, resulting in layoffs and sliding stocks for Sturm, Ruger and Smith & Wesson.
(Excerpt) Read more at forbes.com ...
This Ping List is for all things pertaining to infringes upon or victories for the 2nd Amendment.
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Local gunshop said orders are 18 months out for all calibers, because many manufacturers are expecting a blue wave
I bought a useless .380 bodyguard last month. It’s useless as I haven’t been able to get ammo.
“Sales then were driven by fears of gun control fueled by mass shootings, but those fears evaporated with the election of President Trump, a Republican endorsed by the National Rifle Association. Gun sales plunged immediately after his election...”
Now, that’s ironic. But if gun control is voluntary, not mandatory, that spoils all the fun.
Sales then were driven by fears of gun control fueled by the prospect of Hillary and the Democrats enacting it if elected.
Yep, I’ve heard from several in the industry that they don’t want to over produce.
When the emergency is upon us, the time for preparedness has past.
everyone has had 12 years since Barry the Muslim was elected
A comment to American ammo companies VSTO/OLN. If you don’t make it and put it on the shelves someone will buy something else.
go to ammoseek.com
search for .380
real time inventory hundreds of stores in one site
they have plenty
.380 was the last caliber to come back last time, the manufacturers use the same machines to make 9mm and won’t stop until they have filled all of the orders.
They usually run 10 months of 9mm and switch to .380 for two months.
I hope CCI’s new .22 plant is doing well. It’s the only expansion of production capacity that I’ve heard of in some time.
Exactly.
Usurpation Day should have been a wake up call, but many slept through it.
Plunged? I know that prices came down, and I thought that fueled more buying.
I’ve had good service from Cheaper than Dirt. They have .380 in stock.
"...arms makers aim not to get burned again..."
I’m taking nothing for granted because I think this election outcome will be different even if Trump wins.
I think the left will pull out all the stops, figuring they have nothing left to lose.
And if Trump is cheated out of office, we are royally screwed. At that point, I hope they ramp up ammo production like never before because once Jan 21 rolls around all bets are off for sure..
I can't imagine that happening. </sarcasm>
“I’ve had good service from Cheaper than Dirt. They have .380 in stock.”
i went to Natchez and they’re out of everything. I went to my local guy and he’s out of 9mm and .45. Limited amounts of .22.
Over produce by 50%. It will be bought. The cost of money is almost Zero.
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