If you’re looking for a new gun, you’d be smart to buy one in the next few weeks.
And the reason to get one soon is all thanks to Hillary Clinton.
Here are the details.
As of 11/22/17, the National Instant Criminal Background Check System is reporting that 2017 is set to be the second busiest year for background checks. This year is only going to be slower than 2016 by a small margin.
Now everyone knows why gun sales were so high last year. The prospect of having a Democrat like Hillary in office made people nervous their ability to get the guns they wanted in the future hastened their desire to get guns before Hillary was elected.
For a long time, it looked like Hillary was going to win. But when Trump shocked the nation and won the Presidency it took the world by surprise.
One of the biggest groups to be surprised by his win was the gun industry.
For months leading up to the election, they were anticipating her victory. So they stocked up on inventory knowing if she won they’d have no issue selling guns at a healthy clip. But when Trump won, the nation’s collective defenses went down and so did their desire to be a gun.
This left retailers and manufacturers with overstock they didn’t know what to do with.
Over the past few months, gun makers and retailers have been losing money. Many of them are reporting revenues are double digits less than what they had anticipated. This accounts for billions in losses.
To recoup the losses it’s expected that many gun makers are going to lower prices substantially during the holiday season, with many retailers seeing their sales numbers start to climb on Black Friday and on.
Thee numbers reflect an industry still re-calibrating under “a new normal.” President Donald Trump’s victory stunned gun makers and retailers alike, many of whom amassed inventory in preparation for a Democratic electoral sweep and the heightened demand it would bring.
Instead, prices tanked as dealers tried to unload product throughout the year. Background checks ebbed and flow more in line with historical trends — a steady sales uptick in winter that bottoms out over the summer, resuscitated in the fall as hunting seasons kick-off.
The industry’s most profitable weeks — aside from short bursts of demand following mass shootings, terror attacks or congressional action — set in Black Friday and extend throughout the holiday shopping season.
Eight of the 10 busiest days in NICS history occurred in November and December, according to federal data. Four of those dates — including its strongest day ever, Nov. 25, 2016 — fell on a Black Friday. Dealers submitted 5.3 million checks in the last two months of 2016 alone.
A robust selling season could upend a year of double-digit losses for top gun makers — including American Outdoor Brands, Vista Outdoor and Sturm, Ruger and Co.
“We are not yet seeing the recovery that we expected to see,” said Vista Outdoor Chief Financial Officer Stephen Nolan during a conference call with investors earlier this month. “Shooting sports has always been a cyclical industry with periodic downturns lasting anywhere from 12 to 24 months.
While we may not be at the bottom as of yet, we believe that we are very close and we anticipate that the market will show returns to growth over the next 18 months.”
It’s unclear how much you’ll be able to save exactly. But the truth is if you’re looking for a good deal on a firearm, the last 4-5 weeks of the year are the best to buy, and this year might be one of the best weeks to buy in a very, very long time.
Who knew Hillary would have had such a positive effect on your guns (and the prices you pay for them).