Liberty Park Press

Liberty Park Press

  • Headlines
  • Politics
  • 2nd Amendment
  • Tech
  • Life
  • Money
  • Sports

Biden Not Yet in Office, Yet Gun Sales Are Surging

December 9, 2020 By Dave Workman

Joe Biden hasn’t been sworn into office yet, but the prospect is spurring gun sales, reports indicate. (Screen snip, YouTube)

Democrat Joe Biden hasn’t even been sworn in but the prospect of his presidency is already fueling vigorous gun sales, as confirmed by an article in Forbes discussing the “uptick” in sales at Smith & Wesson.

Forbes reported “sales more than doubled in the quarter ending on Oct. 31, to $248.7 million, compared to $113.7 million in the year-ago quarter. The company also reported net income of $52.2 million for the quarter, compared to $1.3 million in the year-ago quarter, and said it has zero net debt.”

The famed handgun manufacturer represents the tip of the proverbial iceberg, as the FBI’s National Instant Check System posted another record for background checks during the month of November, with raw data putting the figure at 3,626,335.

The National Shooting Sports Foundation reported its “adjusted NICS” figures earlier this week. According to the group’s website, the adjusted “figure of 1,949,141 is an increase of 45.2 percent compared to the November 2019 NSSF-adjusted NICS figure of 1,342,155. For comparison, the unadjusted November 2020 FBI NICS figure 3,602,296 reflects a 41.5 percent increase from the unadjusted FBI NICS figure of 2,545,863 in November 2019.

“The year-to-date total of 19.1 million background checks continues to add to a record-setting year for firearm sales,” NSSF added. “The previous complete annual record of 15.7 million background checks was set in 2016. NSSF retailer surveys estimate that nearly 7.7 million people purchased a firearm for the first time in 2020.”

Forbes quoted Rommel Dionisio, gun industry analyst for Aegis Capital, who told the magazine, “Consumer demand has picked up in recent weeks driven by heightened consumer fears over tightened gun control legislation under a Biden administration. They noted sales of modern sporting rifles have accelerated recently, which is likely a response to the campaign promises by Biden to ban future sales of this type of firearm.”

The gun sales surge actually began in March, apparently sparked by the coronavirus pandemic outbreak as concerns about social breakdown and the potential for police officers being infected and unable to respond to calls for help.

The sales pattern continued and even gained more traction over the summer months as many cities erupted with violent protests following the death of George Floyd in Minneapolis while in police custody.

 

 

Facebook Comments

Filed Under: 2nd Amendment, Headlines, Politics Tagged With: Forbes, Gun sales, Joe Biden, NSSF

About Dave Workman

Dave Workman is an award-winning career journalist with an expertise in firearms and the outdoors. He is the author of several books dealing with firearms politics. He has a degree in editorial journalism from the University of Washington and is a lifelong Washington resident.

Please Subscribe

We respect your email privacy

Powered by AWeber Email Marketing

 

Featured Stories

Grooming The Future- How The Paradigm Of Modern Athletics Dictates The Past

PA Gov. Shapiro Signs Bill Allowing Sunday Hunting

Report: Increasing Gun Thefts from Vehicles

AI Will Soon Target Gun Owners

NJ: Gun Rights Groups Join Forces to Promote Carry Permit Refund

Sportsmen’s Alliance Files Motion for Summary Judgment in WA Case

9th Circuit Panel Upholds Prelim. Injunction in Junior Sports Case

Congress Passes ‘Big, Beautiful Bill,’ Eliminating NFA Taxes on SBRs, Suppressors

VIRAL STORIES

Don’t Look Now, But The Clock Is Ticking

Domino Bot Wows Internet

The Soviet Ghost Town Of The Arctic Expanse

These Insects Redefine “The Groove”

Colossal Pizza Slice Marks The End Of An Era

The Hardheaded And Plummeting Ratings Of Sports Television

Escaping The Madness- Where On Earth Does One Go To Avoid Bubonic Politicization?

Driving A Jet Engine Or Racing A Car? Choose Wisely

About Us

Liberty Park Press is an online information website dedicated to providing you with breaking, useful, or interesting information.

Read More

PRIVACY AND TERMS

Welcome to Libertyparkpress.com. If you continue to browse and use this website you are agreeing to comply with and be bound by the following terms and conditions of use:
Continue Reading…

CONTACT US

Liberty Park Press
12500 NE 10th Place
Bellevue, WA 98005

Copyright © 2025 · Liberty Park Press Inc · all rights reserved · Log in