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Gun Sales Soaring

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Unread 01.01.13, 09:31 AM
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Gun Sales Soaring

12.31.12 10:01 PM

Demand for assault rifles in the United States has increased tremendously as politicians’ knee-jerk reactions to the tragedy at Sandy Hook Elementary School threaten Americans’ right to bear arms.

Last month, Senator Dianne Feinstein (D-Calif.) announced that she will introduce legislation early in 2013 that will essentially criminalize millions of law-abiding American gun owners. Harsh provisions in her legislation and bills being drafted by other lawmakers have Americans in a mad dash to buy firearms, particularly those deemed “assault rifles.”

“Our phones are ringing every 10 seconds and people are saying, ‘Do you have any assault rifles?’” Dennis Pratte, owner of My Gun Factory in Falls Church, Va., told CNN Money. “They’ve sold out of just about every gun shop nationwide and just about every distributor is out of stock.”

Reports from around the Nation indicate that community gun sellers are experiencing a healthy uptick in business and many online retailers are out of stock on various high capacity magazines, assault rifles and popular ammunition.

A report from the North Carolina based Hickory Record is indicative of what is happening at gun shops throughout the country:
Scott Ledford, who operates Ledford’s Trading Post, said, “We’re getting 20 calls a day looking for AR-15s and AK-47s, SKSs and that kind of thing, and we just don’t carry that.” His shop specializes in antique and collectable weapons, but he said even he has seen an increase in ammunition sales…

…Smitty Smith works at Catawba Valley Tactical Supply in Newton. The store is waiting to receive its Federal Firearms License, so it does not currently sell firearms, but it does sell ammunition. When asked if he had seen an increase in ammunition sales over the past two weeks, Smith laughed and said it wasn’t a matter of an increase in sales, but rather a matter of a total wipeout of supply. “There’s no .223 ammo out there,” he said.

Catawba Valley Tactical Supply had been selling 1,000-round boxes of .223-caliber ammunition for $450, Smith said. His supply has run out and now customers who are able to find .223-caliber rounds are paying at least double what they would have paid two weeks ago. Ellizondo said the price of a 1,000-round box of .223-caliber ammunition at the gun show was around $1,200.

Brownells Inc., a supplier of firearms accessories and gunsmithing tools, said that demand in recent weeks has been so high that at one point the company sold 3.5 years’ worth of stocked ammunition and magazines in a 72-hour period.




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