Gun sales have plummeted because there is less fear of new gun control regulation under Trump then Obama. In fact it is driving some gun manufacturers into bankruptcy. Here are a few snippets from Bloomberg:
Remington, which was founded in 1816, announced it would file for bankruptcy earlier this week.
Vista reported sales of $581 million, an 11 percent decrease from the previous year
Shooting Sports recorded third-quarter sales of $286 million, down 21 percent from $361 million in the prior year quarter
Firearms companies face declining sales, falling stock prices and tremendous debt.
Smith & Wesson, has seen its stock plummet by almost half, compared with 2017
According to data collected by the FBI’s National Instant Criminal Background Check System, a barometer for firearms sales, January 2018 was the slowest in gun purchases since 2012.
Bloomberg goes onto explain:
Republican control in Washington has helped slow purchases by gun enthusiasts who once feared tighter restrictions under Democrats.
With Republicans in control of Washington, there’s little chance of firearms regulation—even in the face of Wednesday’s massacre in Florida. When Barack Obama was president or Democrats controlled Congress, gun sales would generally rise after a mass shooting for fear of more restrictive laws. The gun lobby pushed these worries despite a lack of significant legislative effort by the Obama administration. Now that Donald Trump is in the Oval Office, fear of new gun laws has receded, industry executives said. And so have sales, hurting both retailers and manufactures such as Remington.
So if we believe less guns means less gun deaths - then gun control legislation may not be the best way to achieve it.
This is important if we want to focus on effective solutions that actually work.
Does this data sound correct to you?