Firearms Sales Rise Dramatically in USA
As we draw closer to the 2020 Presidential election, we are starting to see an upturn in U.S. firearms sales, which had slowed somewhat after President Trump’s 2016 election victory. Combined firearms sales are up 17.3% compared to February last year. We are guessing that folks are getting a bit nervous about restrictions on firearms in the event President Trump doesn’t win a second term.
Small Arms Analytics & Forecasting (SAAF) estimates February 2020 U.S. firearms unit sales at 1,357,643 units, a year-over-year increase of 17.3% from February 2019. Handgun sales (793,301) increased year-over-year by 19.5% whereas single long-gun sales (441,516) increased year-over-year by 12.4%. All other likely background check-related sales (122,826) increased year-over-year by 22.1%. This includes so-called “multiple” sales where the allocation between handguns and long-guns cannot be determined from the data record.
SAAF Chief Economist Jurgen Brauer comments that “it appears as if firearms owners are casting early votes in the upcoming presidential election this year: Unit sales in both, January and February 2020 have been at their highest levels since 2016.”
SAAF’s firearms unit sales estimates are based on raw data taken from the FBI’s National Instant Criminal Background Check System (NICS), adjusted for checks unlikely to be related to end-user firearms sales. For example, the FBI’s raw numbers (for February, some 2,776,380) cannot be taken at face value as very large numbers of background checks are unrelated to end-user sales. As a case in point, in February the state of Kentucky conducted about 368,000 so-called permit checks and rechecks alone whereas end-user checks at firearms retailers likely amounted to about 30,000 checks. SAAF makes certain other adjustments to the data based on retailer reports and other information; nonetheless, the estimates still likely understate the “true” number of unit sales.
Small Arms Analytics & Forecasting (SAAF) is a research consultancy focusing on the business & economics of the global small arms and ammunition markets. Politically unaffiliated, SAAF is an independent resource for industry, advocacy, research, and policy-making, as well as for financial analysts and the media.
