Historically, gun sales spike following mass shootings as fear of increased gun regulation drives consumers to buy guns before anticipated increases in regulation. This was a common trend under the Obama administration as Dems pushed to increase regulations following an increase in shootings in the United States. After the recent shooting in Parkland, FL, one would expect to see an increase in the sales of fire arms, but this trend has not held true. A Trump administration known to be a huge ally of gun owners and the second amendment will certainly not push for increased regulation following the shooting and fire arms companies are suffering because of it. Sales continue to fall, and major gun companies such as Remington continue to refinance debt inorder to run from impending bankruptcy. Many are still hopeful for the future prospects of gun companies as the next four years are not expected to see an increase in regulations; however, the lack of impending regulation could sink major rifle companies as umbrella companies try to sell their children rifle companies and consumers feel no urgency to buy new guns.
https://www.nytimes.com/2018/02/16/business/gun-makers-are-reeling-even-as-of-regulation-recedes.html?rref=collection%2Fsectioncollection%2Fbusiness&action=click&contentCollection=business®ion=rank&module=package&version=highlights&contentPlacement=11&pgtype=sectionfront
1 comment:
I think that gun sales were so prevalent after past shootings because tighter gun restrictions were more of a possibility. Like you said, the Trump administration shows tremendous support to gun owners and the NRA especially. This could be a factor as to why sales haven't been so high, because tighter gun restrictions aren't as much as a reality with our current leader. Another possibility as to why gun sales haven't been so high could be because more America are tired of mass shootings and children dying, but if I had to guess I think it's the first reason.
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