Want To Go Into The Gun Business? Now’s Not The Time.

There used to be a joke in the gun business which went like this: “Want to make a million in the gun business? Start with two million.”  Well, the FBI has just released the monthly NICS background-check numbers for September, and if things keep going the way they are going, the old joke will have to say that if you want to end up with a million bucks from guns, better start with three million, or even more.

business            Yea, yea, I know that FBI-NICS checks only count the initial sale of a gun, except that since most gun shops have an inventory which consists of at least 30% used guns, the background check number each month is a very good indicator of the overall trends within the gun industry. And lately, the trend has been going down.

September is a benchmark month for the gun business, because guns have never been able to compete with the beach.  The only reason I kept my gun shop open in July and August is because the air-conditioning system worked better in my store than it did at home. But come Labor Day, those boring beach vacations are over, the kids are back in school, the leaves in northern states are just beginning to turn, and the hunting season is in the air. And don’t for one moment believe that hunting is no longer a key activity for driving gun sales. Even if a majority of gun owners claim that their primary reason for having a gun is self-defense, there is still something about Fall weather that translates into an interest in guns.

My point is that September gun sales always show a significant increase compared to the prior month. But if we compare September background checks this year to background checks in the month of September in previous years, the decline of the industry becomes very clear.

The NICS checks cover four separate categories: handguns, long guns, ‘other’ guns and ‘multiple’ sales.  The first two categories are self-explanatory; ‘other’ guns refer usually refer to a receiver without a barrel, which is often how AR-15 rifle kits are sold – it’s still a gun because the receiver is serialized but it might be a handgun or a long gun, depending on what length barrel is then attached. Multiple guns means that the purchaser bought more than one gun; he could have bought two, he could have bought ten. In doing my numbers for this column, I’m assuming that ‘multiple’ equals two.

So here we go. Last month NICS background checks for gun transfers from dealers to customers totaled 869,636.  A year earlier the total was 957,597. Ready?  In 2016 the September number was 1,100,334. That’s a two-year drop of 20 percent.  Want to find the last year that September NICS numbers were under 900,000? You have to go back to 2011, which was before Sandy Hook put gun control on Obama’s brain.

Given the fact that I’m a yellow-dog Democrat what I am now going to say may sound like it shouldn’t be said, but from the point of view of reducing gun violence, I’m not sure that what we need in November is a blue wave. Because the truth is that unless the Hill goes blue and Sleazy Don decides to shove Wayne Lapierre under a bus in order to make a deal with the Democrats for something he really needs, I’m willing to bet that the slide in gun sales over the last two years may well continue at least until the next Presidential year, by which time NICS numbers could be almost half of what was registered during the Obama regime.

And when all is really said and done, you can talk about armed, self-defense and terrorism and all that other stuff, but an industry that is selling half as many products as it did ten years earlier, is an industry that will begin to look like…remember something called pay phones?

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