December 9th, 2008

Gun Sales Set Record in November

gun sales Nov 2008According to the National Shooting Sports Foundation (NSSF), Americans continue to flock to gun stores nationwide, driven by concerns that Congress, with the backing of President-Elect Obama, will quickly pass new, restrictive gun laws. Background checks on the sale of firearms reached record levels during the month of November, pointing to a spike in sales for the month. Data from the FBI’s National Instant Criminal Background Check System (NICS) show a 42 percent increase in November firearm purchaser background checks. A total of 1,529,635 checks — the highest monthly total ever — were reported for the month, up from 1,079,923 in November 2007. Federal law requires FBI background checks on individuals purchasing firearms from federally licensed retailers. The NICS increase coincides with an increase in federal excise taxes reported by firearms and ammunition manufacturers, another key economic indicator for the firearms industry. Trends such as excise taxes and NICS data are strong indicators of sales patterns; however, they are not actual sales. There is no data source that captures firearms sales by month.

This report provided by NSSF.