Estimated gun sales down less than 10 percent through first half of 2017
By Christen Smith
Estimated gun sales for the first six months of 2017 trail last year by just over 7 percent, according to federal data.
Applications submitted to the FBI’s National Instant Criminal Background Check System tallied nearly 6.4 million through June 30, down more than 500,000 from 2016 — the biggest year on record for background checks, and by proxy, gun sales.
The measurement, however, isn’t perfect. Background check applications don’t capture every gun sold due to variances in state laws and the ability of one application to suffice for the sale of multiple firearms.
Of the 12.5 million background checks processed through NICS this year, Guns.com estimates about half resulted in a transfer. The majority of the remaining applications correlate to concealed carry permits.
Through June 30, FBI data indicates retailers have sold an estimated 3.7 million handguns and 2.2 million long guns.
As anticipated, June checks fell 12 percent over last year as the gun industry braces for the slow summer season — this, after estimated sales in March, April and May outperformed expectations.
Top executives for major retailers and gun makers — including American Outdoor Brands and Vista Outdoor — have exercised caution when providing second quarter forecasts, insisting deep discounts and a backlog of