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]
Florida state officials have just announced that thousands of Florida residents who currently possess firearm concealed carry permits may have just had their information compromised. Thousands of names of holders and hundreds of Social Security numbers were reportedly stolen by hackers. The data breach was initiated through the online payment system [more]
The state of Arizona has passed a brand new State Bill, which is obviously aimed at Tucson city's stubborn stance on firearm background checks. The new law is specifically targeting the private sale of guns amongst citizens. A city ordinance that required background checks for gun sales was passed more [more]
A new legislation that would have required health care workers in Colorado to undergo a fingerprint background check has now been stopped dead in its tracks in the state's Senate committee. The bill was an effort by Democrats to disqualify convicted felons and known offenders from holding sensitive positions in [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 [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.