Gun Sales Have Been Increasing, but Not Just Since When Obama Was Elected
Posted by FirearmsTruth on July 24, 2010 · Leave a Comment
The mainstream media reported over and over, and over again that the election of President Barack Obama in November 2008 caused a sudden increase in gun sales. But that actually isn’t quite true; at least when you look at the numbers from the Bureau of Alcohol, Tobacco, Firearms and Explosives (ATF); as well as the National Shooting Sports Foundation (NSSF) reports Barrons. The news site noted that domestic commercial firearms-industry sales are currently estimated to be in excess of $4.1 billion, but more interestingly this isn’t a sudden increase.
The story: “Ways to Play Higher Demand for Guns,” noted:
“Over the past 27 years, wholesale shipments for handguns, long guns and ammunition have increased at a combined compounded annualized growth rate (CAGR) of 5.5%. However, the CAGR has almost tripled to 15.1% during the past five years due to, we believe, increased concerns about personal safety, potential adverse changes in legislation and an increase in overall interest, especially among women and first-time buyers.”
The question now is whether the mainstream media will actually pick up on this story? And the other question is whether there was really a pick up in gun sales, or just the MSM’s imagination?
