October 5, 2009

Firearm Sales Numbers Up for 10th Straight Month

Firearm Sales Numbers Up

Firearm Sales Numbers Up

NEWTOWN, Conn. -- Data released by the FBI's National Instant Criminal Background Check System (NICS) reported 1,074,757 checks in August 2009. This figure is a 12.3% increase from the 956,872 reported in August 2008 and demonstrates that sale of new and used firearms are remaining strong and continuing to grow.

FBI background checks are required under federal law for all individuals purchasing either newly manufactured or used firearms from federally licensed retailers. As such, the checks serve as a gauge of sales but do not reflect the actual number of firearms produced or sold.

The August data follows a series of monthly increases dating back to November of 2008:

Firearm Sales Numbers Up

The increase coincides with a rise in excise taxes reported by firearms and ammunition manufacturers, another key economic indicator for the firearms industry.

According to the most recent Firearms and Ammunition Excise Tax Collection Report, released last month, firearm and ammunition manufacturers paid more than $109.8 million in the first calendar quarter of 2009; up 43% over the same time period reported in 2008. This dramatic increase follows a 31.3 percent increase in excise taxes from the previous quarter (4Q, 2008).











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Comments (5)

Yes, I think this administration is creating a safer America than when Bush was in office. I wonder if Obama is going to take credit for making America safer and effectively boosting gun sales in the middle of a depression? This guy falls into a pile of manure, steps out smelling like a rose and is awarded the Nobel Peace Prize for his efforts.

Posted by: JWallace | October 9, 2009 8:13 PM    Report this comment

Just my 2 cents. These figures are WAY under reported. In a lot of states that issue permits, a back ground check is not required with the display of your permit during the purchase. So I would venture to say, that a high percentage of these purchases are being made by non permited customers. This angle would bolster our 2nd Amendment fight as more people are exercising it.

Posted by: TIMOTHY W | October 9, 2009 8:21 AM    Report this comment

I understand that ammo shelves are begining to fill up again. at the Cow Palace Gun Show(s), Miwall has been selling four(4) truckloads of ammunition in a 2 day period.

Long Live the 2nd Amendment!

Posted by: Mark G | October 8, 2009 5:13 PM    Report this comment

I agree, Jeff. Maybe I'll even be able to buy primers again. Won't that be special!

Gaviota

Posted by: Lee W | October 5, 2009 6:10 PM    Report this comment

The trend line indicates Gun Sales are tapering off. Should see a small increase during the hunting season and then around the holidays but I would expect the numbers to level-off after that. During that time Firarms Manufacturers will launch a massive sales campaign.

Posted by: JWallace | October 5, 2009 4:30 PM    Report this comment

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