Gun Sales Down 12 Percent in Post-Obama Era

Perhaps Barack Obama was good for gun business. Evidence is increasingly suggesting that a Trump Presidency is not good for gun business, but it’s definitely good for gun buyers, because now, perhaps, some prices will start coming down.

from http://www.guns.com/2017/07/07/june-nics-checks-fell-marginally-gun-sales-dropped-12-percent/

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June gun sales fell 12 percent compared to last year, according to Guns.com’s analysis of data reported Thursday by federal regulators.

Estimated gun sales totaled 947,107, down by 129,485 from last year. June’s total is comprised of checks processed by the National Instant Criminal Background Check System before a licensed dealer transferred a firearm to a buyer. The gun industry uses the system as a proxy measure for gun sales.

Sales checks break down into 569,149 handguns, 331,152 long guns, 29,730 “other” type firearms, and 17,076 checks for a transaction covering multiple firearms.

For the second year in a row, NICS reported higher June sales checks than in May, beating out the month by 2.2 percent. Dealing with high inventory levels, major gun makers have credited promotional materials leading into to the summer, effectively moving inventory by discounting items with rebates.

June checks fell marginally, gun sales dropped 12 percent

June gun sales fell 12 percent compared to last year, according to Guns.com’s analysis of data reported Thursday by federal regulators.

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About Paul Gordon 1368 Articles

Paul Gordon is the publisher and editor of iState.TV. He has published and edited newspapers, poetry magazines and online weekly magazines.
He is the director of Social Cognito, an SEO/Web Marketing Company. You can reach Paul at pg@istate.tv

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