Thread: New Gun Sales Slowing, Prices Dropping.

Comments?

Happens every summer.

Gun guys by nature are outdoorsmen...........when it is nice, they are outdoors.

Originally Posted by coctailer

Happens every summer.

Gun guys by nature are outdoorsmen...........when it is nice, they are outdoors.

I haven't done a gun show snce June.
Hasn't been worth the cost.
I'll start setting up again next month.

That said, it sure seems to have slowed down on the new gun side.
I'm seeing crazy prices on Gunbroker for new guns.
Ruger LCP's selling for the price of lunch over cost, stuff like that.

Overblown political fears having run their course?
Lots of late model used on the market - especially AR's.

Originally Posted by RVTECH

Overblown political fears having run their course?
Lots of late model used on the market - especially AR's.

Agreed.

I've seen a cooling off for sure, but that is just my own experience.
I believe that the regular gun stores should see some normalcy return to the retail industry. With the incredible white hot up tick in the gun biz over the past few years a lot of little guys got into selling new guns. All sorts of Internet sales that has driven down the price of new guns to an unreasonable level.
As more states demand sales tax be collected on out of state purchases, and make it the law, and with more and more gun shops getting fed up with doing transfers on new guns from out of state, and as a result increase their transfer fees to a level that would discourage such purchases, then more people will see no advantage in buying on line.
One of these days all states will require that all out of state purchases will have their sales tax imposed on such purchases be it a T.V. from Crutchfield or a gun from some new gun sales dude on Gunbroker.
It will not all go away for sure, but at some point it will not be that financially advantageous to buy new guns online.

Just my .02 cents worth

its not that its cooling, allot of us are just plain broke... saving for secondary

Originally Posted by Carpenter98312

its not that its cooling, allot of us are just plain broke... saving for secondary

Well... It is cooling because of a few factors I guess. One for sure is that many folks are just plain broke and being more frugal with their expendable income.
My Cerakote business has actually increased.
Rather than buying another gun (upgrading?) some may be opting to spruce up that worn finish?

During the height of the frenzy last year I was talking to a counterperson at the Outdoor Outfitters' in Bend and he said he had never seen so many first time gun buyers, and a high percentage of them were buying AR's and other semi-autos.

Originally Posted by Gunfixx

Comments?

New Gun Sales Slowing, Prices Dropping.

New Car Sales Slowing, Prices Dropping.

New Home Sales Slowing, Prices Dropping.

New Boat Sales Slowing, Prices Dropping.

New Appliance Sales Slowing, Prices Dropping.

New Everything Sales Slowing, Prices Dropping.



------ recession

Originally Posted by MrNiceGuy

New Gun Sales Slowing, Prices Dropping.

New Car Sales Slowing, Prices Dropping.

New Home Sales Slowing, Prices Dropping.

New Boat Sales Slowing, Prices Dropping.

New Appliance Sales Slowing, Prices Dropping.

New Everything Sales Slowing, Prices Dropping.



------ recession

Really?

Maybe recession is the official word but I believe it is a 'correction' that will take some time to recover from. One of the biggest reasons for this recession is overproduction of almost everything. We reached a terminal point when everybody had everything they wanted and buying just stopped. We (Americans) have been in a unprecedented buying frenzy since about 2000 and we finally reached the high water mark and the wave crested and broke.

Originally Posted by RVTECH

Maybe recession is the official word but I believe it is a 'correction' that will take some time to recover from. One of the biggest reasons for this recession is overproduction of almost everything. We reached a terminal point when everybody had everything they wanted and buying just stopped. We (Americans) have been in a unprecedented buying frenzy since about 2000 and we finally reached the high water mark and the wave crested and broke.

And mostly on charge cards and borrowed money.

Recession:

When your neighbor loses his job.

Depression:

When you lose your job.

Recovery:

When Obama loses his job!


Frog.

Originally Posted by Frog

Recession:

When your neighbor loses his job.

Depression:

When you lose your job.

Recovery:

When Obama loses his job!


Frog.

Haaaa!

yahoo,cash is still king

Originally Posted by HappyRoman

yahoo,cash is still king

Textbook deflation. Once the spiral starts, there's no obvious way out. Stay liquid to stay solvent!

We'll see this again IF Obama gets reelected.

Might as well buy low, sell high.

I find it interesting that few economists speak much about all the foreclosures happening. It is really interesting to find out what is going on with them.

At the first of the year foreclosures in King county Washington were running around 400 per month. Now they are at about 1000 per month. Few of these homes are put back onto the market for sale.

When a foreclosure is pending, the bank is required to file a notice with the county clerk. That is where the info is coming from. When I begin multiplying one countie's foreclosures to the state, then nation, there are lots of people loosing homes, and those homes represent taxes not being paid, wages not being paid, and so on. This is the start of a huge snowball going downhill when we look at all the ramifications of the numbers of foreclosed homes being held by banks.

My point is that it isn't just gun sales that are slowing.

Originally Posted by NoOne

I find it interesting that few economists speak much about all the foreclosures happening. It is really interesting to find out what is going on with them.

At the first of the year foreclosures in King county Washington were running around 400 per month. Now they are at about 1000 per month. Few of these homes are put back onto the market for sale.

When a foreclosure is pending, the bank is required to file a notice with the county clerk. That is where the info is coming from. When I begin multiplying one countie's foreclosures to the state, then nation, there are lots of people loosing homes, and those homes represent taxes not being paid, wages not being paid, and so on. This is the start of a huge snowball going downhill when we look at all the ramifications of the numbers of foreclosed homes being held by banks.

My point is that it isn't just gun sales that are slowing.

disclosure that a lot of the foreclosures were illegal or fraudulent it's going to get worse!! Even when that is cleared up they have several years backlogs of houses that they can't put on the market or they'll flood it and prices will go down again.

We were going to sell the house and take off in our MH when my wife retired (I retired in '98). Now we may have to keep the house and rent/lease it out if/till the economy improves.

Deen
NRA Benefactor/Recruiter
WAC Member
SWWAC Member

I sort of understand why the banks aren't releasing all the homes they have foreclosed on. As noted above, if they do release them, then the marked will be flooded, and prices on similar homes will go down sharply. When that happens, many people who are currently NOT upside down on their houses will become upside down. Then they may decide to walk away.

If that happens, banks will get even more houses, banks will be holding even more houses. Banks can't hold these houses forever. At some point, the houses being held will probably be released further hurting prices based on the supply/demand for houses.

obama is even talking about letting homeless people live in empty foreclosed houses..If that happens, why not just let the previous residents move back into their own houses?

I fear it will get much worse before it starts getting better.

One gripe I have is that the government is interfering with basic capitalism. The interference with the free market will delay the change, but it won't stop it. At some point things will have to balance out. I wish the government would have allowed those people who screwed up the banks to be fired, rather than prop up the same policies that got us to this point.

Someone would have bought the houses, banks and other financial instruments for a percentage of their original worth..that is capitalism at work. If you don't do things properly, you loose money, and someone who has a different idea buys you out. Then it is their turn to try and make things work.

Eventually, basic, honest, solid business practices SHOULD be able to make a business successful. But with government interference, there is no incentive for crooks to change their ways...they will just get the government to bail them out and allow them to try another scam.