July 9th, 2016

Prices Drop as Supplies of .22 LR Ammo Increase

.22 LR Rimfire Ammo Sales Dean Weingarten
Photo ©2016 by Dean Weingarten.

Are we seeing an end to the “desperate days” for .22 LR rimfire ammo? Are supplies finally starting to catch up to demand? At least one industry analyst thinks so. Gun journalist Dean Weingarten has been watching trends. Makers of .22 LR ammo have increased production by 20%. That’s a good thing. We are starting to see the effects, Dean observes, with increased supplies and falling prices for rimfire ammo. Here is Dean’s report from Arizona.

Report by Dean Weingarten, GunWatch.com:

I chanced to be at the local WalMart in Yuma, Arizona today (July 8, 2016). This is the store on the frontage road off of old Highway 8, East of town. Until Friday, June 24, 2016, I had not seen any .22 Long Rifle in the store for three years.

On that date, there were 2,300 rounds of CCI Mini-Mags and 1,000 rounds of CCI Standard Velocity. The Mini-Mags were in plastic 100-round boxes at $7.47 a box. The Standard Velocity were in paper, 50-round boxes at $3.47 a box.

Just 10 days later, on the 3rd of July, I was in the same store, and there were 1900 rounds of CCI Stinger, in 50-round boxes. It is premium .22 Long Rifle ammunition, and has always been pricey. The price was $6.47 for a box of 50, or a little under 13 cents a round. They also had CCI .22 Maxi-Mag, .22 magnum rimfire cartridges, for $13.47 a box of 50, or nearly 27 cents a cartridge. It has been scarce, but not as bad as the .22 Long Rifle.

Two sightings in 10 days after three years was remarkable.

.22 LR Ammo for 5.36 Cents Per Round
Today, the 8th of July, there were two cases of bulk pack Federal .22 Auto Match. That is 6,500 .22 Long Rifle cartridges.This is only five days after the previous sighting. The boxes contained 325 cartridges. [The clerk] was just opening the cases to stock the shelves when I showed up. She said there had been a couple of bricks of .22, but they had been purchased immediately.

.22 LR Rimfire Ammo Sales Dean Weingarten
Photo ©2016 by Dean Weingarten.

At $17.42 for 325 rounds of Auto Match .22, that is 5.36 cents per round. A little over two years ago, I wrote that the .22 ammunition bubble would be over when you saw .22 LR ammunition on sale below 4 cents a round:

“You will know that the bubble is close to the bottom when you see .22 LR on sale for below 4 cents per round. At the lowest, we might see .22 LR cartridges below $10 for 500.” Read Article from 6/7/2014.

Many dismissed my prediction. They said that we would never see .22 cartridges below 4 cents a round again. People said that I was crazy when gasoline was at $4 a gallon, and I wrote that we would see it below $2 in the future. It went below $2 a few months ago.

The .22 ammunition bubble is hanging on. The push for more Second Amendment infringements by the Obama administration keeps it inflated. But with only six months to go to the end of that administration, the bubble has become fragile. The .22 ammunition manufacturers have increased production by 20%. That puts a lot of strain on the bubble.

©2016 by Dean Weingarten. Permission to share is granted when this notice is included.
Link to GunWatch.com.

Similar Posts:

Tags: , , , , ,