The sign said, “due to shortages, only 2 boxes of ammo per customer please.” This seemed a bit strange particularly for a Wyoming boy. Toilet paper and ammo, what is the world coming to? I thought to myself.
For the firearms industry, the outlook for 2020 is headed up and fast. Without question, there has been a “run on guns” during the lockdown of our country created by the Coronavirus pandemic. This has no doubt been a very welcome sight to a battered and bruised firearms industry which has seen its fair share of sales challenges coming off of the fear fueled gun runs seen during the Obama administration.
There’s no question, the Trump administration has been somewhat favorable to the gun and ammo industries on the regulation front, minus a few outlier situations such as Virginia, but when it comes to sales the current administration has marked a very slow sales cycle and oversupply situation coming off of the perception of what was sure to be back to back Democratic presidential administrations. But that has all changed now.
To put things into perspective, the month of April saw the largest volume of gun sales ever experienced for an April since records of such have been kept. This represents an increase of more than 70% when compared to April of last year. With nearly three million total guns sold for the month, one of the most surprising stats was the fact that handgun sales dominated the volume by nearly two to one versus long guns, which includes AR style sporting rifles. There’s no question that guns move off the shelves at a record pace in the shadow of fear and uncertainty.
And if you thought the numbers for April were surprising, wait until you see what March produced. Prior to 2020, going back to the beginning of gun sales records keeping, a single month has never surpassed 3 million firearms sales, until this past March. The month of March alone produced a whopping total of 3.7 million-gun sales in the United States. In March of 1999 barely over 750,000 guns transferred hands in this country. The state of Illinois led the pack by far with over 2.5 million guns sold, more than double the next highest state of Kentucky and more than three times that of the firearms hotbed of Texas. According to many reports from gun shop owners, up to 90% of new gun purchases during the pandemic have been to “new gun owners.” If this is in fact true the face of gun ownership in this country could be changing and changing fast. Keep in mind, the last presidential election was won by less than 3 million votes.