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Well, our pandemic/election ammo buying binge has created another price increase. Demand exceeded supply to the point where prices have to go up. Winchester (who makes a whole lot of ammo under various brands) just announced on Mat 1st all ammo is going up at a minimum 5%. That'll add 10-20% more on the retail shelves. Even the mark up hold outs like Bi-Mart and Coastal have raised their prices 15-20% in the last month so next month we'll see those climb even more. .556 was at $0.60/round at bimart last week. It'll be $0.70/round next month.
How do we combat this? STOP buying. Stop buying from inflated online prices. If everyone refuses to buy ammo at absurd prices they will stop buying up al the cheap ammo to resell. Then they'll be forced to let it go at cost or just hold onto it.
Ammo prices also won't go down until there's a plethora of ammo on the shelves not moving. It'll force price reductions. Demand softens so does price. Think disposable face masks. Beginning of pandemic $1/each. Now less than $0.10/each. Supply exceeds demand.
Winchester stated that if they quit taking new orders now, it would take them two years to fulfill every order in the system. Federal is even more behind, with over a billion dollars back ordered. If you are buying because you're worried about a proposed 40% ammo tax. Well, we are already paying more than that. I do respect the hustle of people though. Being a capitalist to make ends meet for ya, it's all good. But for people like me that have plenty of ammo, let's take a back seat for awhile. We're only hurting ourselves financially in the long term.
How do we combat this? STOP buying. Stop buying from inflated online prices. If everyone refuses to buy ammo at absurd prices they will stop buying up al the cheap ammo to resell. Then they'll be forced to let it go at cost or just hold onto it.
Ammo prices also won't go down until there's a plethora of ammo on the shelves not moving. It'll force price reductions. Demand softens so does price. Think disposable face masks. Beginning of pandemic $1/each. Now less than $0.10/each. Supply exceeds demand.
Winchester stated that if they quit taking new orders now, it would take them two years to fulfill every order in the system. Federal is even more behind, with over a billion dollars back ordered. If you are buying because you're worried about a proposed 40% ammo tax. Well, we are already paying more than that. I do respect the hustle of people though. Being a capitalist to make ends meet for ya, it's all good. But for people like me that have plenty of ammo, let's take a back seat for awhile. We're only hurting ourselves financially in the long term.