Sutherland Springs, Texas - A lone gunman opened fire inside a church during service in a small town in Texas killing at least 26 people and injuring 20 others. The gunman was later identified as 26-year old Devin Patrick Kelley, a former member of the US Air Force. Kelley had [more]
Gun-related shooting incidents have historically caused sudden spikes in firearm sales. The latest incident in Las Vegas, which has been described to be one of the deadliest in the country's history, seems to follow the morbid trend as citizens flock to gun stores to stockpile firearms in case of a [more]
It isn't clear just yet if the threat of impending nuclear war has something to do with it, but US citizens seem to continually be arming themselves. The latest figures from the NICS background check system, which was recently posted by the FBI, shows that August has set yet another [more]
A state representative in Upper Peninsula of Michigan has just introduced a controversial new bill that has ignited conversations amongst residents. The new bill will essentially allow legal firearm owners with concealed carry permits to take their guns in previously gun-free zones such as schools and other establishments. The proposal [more]
With the prominence of social media and online services, tourists are now becoming more comfortable using online marketplaces for their travel plans. Airbnb is one such service that is becoming quite popular here in the country. In fact, Americans are spending millions of dollars within the app itself as staying [more]
The Federal Bureau of Investigation (FBI) has now called all Federal Firearms Licensees (FFLs) and interested parties to join its upcoming event that will include several useful resources and presentations pertaining to licensing and gun ownership. The event called the "NICS Retailer Day" will be held on July 25 at [more]
Despite the industry’s initial forecast of slower gun sales under president Trump’s administration, the FBI background check data has now shown a surprising spike for gun sales last month. The number of background checks that were conducted last month only serves to prove that having a gun-friendly president will not necessarily spell the end of the continued increase in gun sales over the past few years.
A big majority of the gun industry had initially predicted a possible Clinton win last year, which resulted in most manufacturer’s overcompensating their stocks. Gun sales were at their peak in the months leading to the presidential elections. After Trump’s surprising win, sales eventually died down but were still considerably higher than the numbers generated in the previous years.
The recently released FBI background check data for March shows a total of 2,433,092 checks conducted through the National Instant Background Check System. Last month’s checks are almost 200,000 more than the checks conducted in February. Stocks of gun manufacturers quickly responded to the new data and saw huge jumps in value. Sturm, Ruger & Co. saw a 6 percent increase in stocks, while Smith & Wesson jumped by 7.5 percent.
Several gun stores have also reported healthy sales over the past few weeks, thanks mainly to overstock sales and an increase in the diversity of its buyers. After the big dip in sales following Trump’s win, the numbers seems to be leveling out and is expected to increase over the course of the year.
It has to be noted that each background check conducted doesn’t necessarily count as a sale. Some people are denied a sale if they fail the background check, while there are those that do purchase more than one firearm after passing the check. The data also doesn’t account for private sales that currently don’t require background checks in several states. However, the FBI’s data is widely used as a close measuring figure to track sales by the industry.