Gun Sales Stay Strong Even under Republican Administration

We all know that ammo prices have dropped and gunmakers are discounting handguns and rifles. But have gun sales really dropped that much since the 2016 Presidential election? Actually not. Recently released data from the National Instant Criminal Background Check System (NICS) show that gun sales remain at near-record levels.

The expected drop in firearms sales has been minimal. Sales are at historically high levels, only a little less than the records set in 2016. If the economy continues to pick up, 2017 will be the second highest year on record for NICS background checks. — Dean Weingarten

According to Dean Weigarten: “Firearm sales and NICS checks are having a good year. In 2017, the overall NICS checks are at 92% of the all-time record through August.” 2017 will probably surpass 2015 as the second-highest year for NICS checks since 1999, when the program started. (2016 was the highest year ever). And notably, the trend is up: NICS checks were 1,925,146 in August 2017. That beat the August 2016 number of 1,853,815, the previous high mark for the month.

Report by Dean Weingarten
The Trump era of the National Instant Criminal Background Check System (NICS) checks has had eight months of high sales. The record for NICS checks was set in 2016, with over 27 million NICS checks for the year. 2015 was the second highest year for NICS checks with over 23 million checks done.

This chart reveals that the annual number of NICS Checks has more than doubled in the last decade!

Source: www.FBI.gov

The high number of NICS checks reflects an expanded base of firearms owners and shooters who are buying more guns under the expectation of a prosperous Trump Presidency. Gallup released a poll on September 8th, that shows U.S. investor optimism at a 17-year high….

Now is a Good Time to Buy — Especially AR Platform Rifles
There is a high inventory of firearms for sale, and many good quality AR-15 types can be had for under $500. Ammunition prices have been slowly dropping.

Growth of Concealed Carry by Americans Drives NICS Numbers
The number of people with carry licenses continues to soar. There are over 16.5 million. At the time of this report, the number has likely surpassed 17 million. Carry permit holders are 5-15% of voters in many states [such as] Pennsylvania, Michigan, Ohio, and Wisconsin. When a carry permit is obtained or renewed, another NICS check is done.

NICS checks are done for Federal Firearms License sales of used guns as well as new ones. The latest estimation of the ratio of NICS checks to the addition of private firearms stock is about 0.53 private firearms added for each NICS check done. If that ratio holds in 2017, about 8.6 million more firearms have been added to the private stock in 2017 thus far.

Similar Posts:

• Gun Sales Strong in Year One of Trump Era
• 2016 Shaping Up as Record-Setting Year for Gun Sales
• Gun Sales High in November — Buyers Concerned over New Laws
• 2016 Shaping Up as Record-Breaking Year for Gun Sales
• All-Time High in FBI Firearms NICS Checks in March 2020

Tags: Background Check, Concealed Carry, Dean Weingarten, FBI, NICS, Trump, Washington