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Firearms Industry Appears Stuck in the Doldrums
By Tiffany Hsu
Nov. 28, 2018
This holiday season is not shaping up to be the gun industry’s best.
Firearms sales slumped after President Trump was elected in 2016, as fears of gun control melted away with the administration’s vocal support of the gun industry.
But two years later, demand still appears damp.
In October, slightly more than a million background checks of prospective firearms buyers were conducted through the Federal Bureau of Investigation, according to the National Shooting Sports Foundation trade group, which adjusts federal figures to roughly approximate market conditions.
That’s 11.2 percent fewer checks than in the same month a year earlier. So far this year, nine out of 10 months had fewer checks than the same period in either 2016 or 2017.
https://www.nytimes.com/2018/11/28/business/firearms-industry-gun-sales.html?
Nov. 28, 2018
This holiday season is not shaping up to be the gun industry’s best.
Firearms sales slumped after President Trump was elected in 2016, as fears of gun control melted away with the administration’s vocal support of the gun industry.
But two years later, demand still appears damp.
In October, slightly more than a million background checks of prospective firearms buyers were conducted through the Federal Bureau of Investigation, according to the National Shooting Sports Foundation trade group, which adjusts federal figures to roughly approximate market conditions.
That’s 11.2 percent fewer checks than in the same month a year earlier. So far this year, nine out of 10 months had fewer checks than the same period in either 2016 or 2017.
https://www.nytimes.com/2018/11/28/business/firearms-industry-gun-sales.html?
But the most heart-warming part of the article states:
The N.R.A. reported a $55 million drop in income, according to a review of tax records published by The Daily Beast on Tuesday. Contributions fell to $98 million last year from nearly $125 million in 2016. Membership dues also slumped more than $30 million.
Ain't it cool...?
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