Biden just slipped on Gun Control… This could be huge for us people!…
Joe Biden’s projected election victory could boost gun sales.
«The election of a Democrat who has promised to tighten gun control legislation may well provoke an increase in demand for firearms.», – considers Rommel Dionisio, Managing Director of Aegis Capital.
Joe Biden a long time ago speaks out on the issue of control over this segment. The former vice president said that arms manufacturers are «enemies» Democratic Party gun control efforts. His campaign campaign calls for prohibit production and future sales assault rifles.
Dionisio says gun owners’ fear of Democrats passing new control law is fueling a predictable surge in pre- and post-election sales.
Arms sales skyrocket after successful presidential campaigns Barack Obama in 2008 and 2012 years. The previous record of 15.7 million pistols sold per calendar year was set in 2016, when polls showed that Hillary Clinton win the presidency by motivating many people to stock up on firearms.
Clinton did tightening arms control measures a central part of his campaign after mass shooting at North Charleston Church in 2015. Obama tried and failed persuading Congress to take stronger action in this direction after Sandy Hook Elementary School tragedy in 2012. Former Democratic President Bill clinton signed a sensational ban on assault weapons in 1994, which expired 10 years later.
After an unexpected victory Donald Trump the demand for weapons has dropped somewhat.
Arms-related FBI Checks Dropped By Record 8% in 2017. Revenues reported by Sturm Ruger, Vista, American Outdoor Brand and Winchester unit of Olin Corp.
Weapons manufacturer Remington Arms filed for bankruptcy in 2018 when sales in the industry fell by 6.1%. However, the segment jumped in 2019 when 13.9 million were sold units of firearms, according to research company Small Arms Analytics.
The ongoing struggle between Republicans and Democrats for control of the U.S. Senate is likely to play a key role in arms sales, which soared this year when Biden became the party’s first challenger for a seat in the Oval Office..
Industry also received a boost from lockdowns imposed by the Covid-19 pandemic that began in March. Americans, fearing a potential wave of crime and related with her nationwide social unrest erupted after the murder by the police George Floyd, forced many to acquire weapons for the first time in their lives.
Arms sales in 2020 reached record level on the eve of the elections, while maintaining unprecedented pace for most of the year. Experts point out that October sales of firearms are up 60% compared to the same month a year ago. More than 17 million pistols were sold in the first 10 months of 2020.
This trend is expected to continue in December..
«America is approaching the holidays and hunting season, which are traditionally some of the best months to sell firearms.», – experts indicate.