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Why have the price of guns increased during this pandemic?

Discussion in 'General Gun Discussions' started by john fisher, Jul 12, 2020.

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  1. john fisher

    john fisher Member

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    I occasionally look at guns to see what they go for and this year I've seen a huge increase in price, especially in defense guns. I looked on gun broker and some people are willing to bid over $600 for Remington 870 defender when you can just buy a hunting model and cut the barrel to defender length for basically half the price. Why are people willing to pay so much for guns all of a sudden? Are gun manufacturing companies not producing the same amount of guns now? I just want to hear other people's opinions, I'm just trying to understand.
     
  2. Texas10mm

    Texas10mm Member

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    Supply and demand.

    Over 12 million background checks through NICS in the first five months of the year. That surpasses yearly firearms production in the US.
     
  3. jmr40

    jmr40 Member

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    Everything has gone up in price. It is supply and demand. Gas is up in price, food in restaurants and grocery stores is way up. Gun stores can't get guns on a regular basis because everything is sold out. I used to buy 9mm @ $8/box, the same box is now $12 when I can find it. Fortunately I have a good supply on hand when I bought it at $8.
     
  4. GEM

    GEM Moderator Staff Member

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    The local stores around here are running on empty. One had just some old 2nd Gen SW semis, old misc. European 25 ACP and 380s. They did have a very pretty SW Lemon squeezer top break 32 but that's a tad retro for a SD gun.

    Folks were calling in to see if they could get a Glock ordered for them.
     
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  5. dh1633pm

    dh1633pm Member

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    Simple. Supply and demand. Basic economics. Demand went up, gun makers were determined to be non essential and production ended. Remington sat idle.
     
  6. Rubone

    Rubone Member

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    It is primarily a function of fear of the unknown. The Pandemic, the civil unrest, the political arena, it is basically the perfect storm of self protection arming by mostly scared folks who were not previously gun owners. It will level off at some saturation point but we may not have hit it yet.
    Regretfully as stated Remington is in their death throes, Colt is not pursuing the civilian market, and many other manufacturers are not at peak production. Sales were down for several years with complacency, so for economic reasons manufacturers scale back in those times. No one could predict a year ago where we would be now. And the wild ride isn't over yet! Hang on!
     
  7. Ks5shooter
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    Ks5shooter Contributing Member

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    Because the folks that thought they would never need a firearm,relied on the police to protect them now realize they are on their own. Ergo the spike in firearms sales. Most here own enough for self defense plus some.The sheep have realized the wolf is knocking on their door,
     
  8. Sistema1927

    Sistema1927 Member

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    Panic.
     
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  9. GunnyUSMC

    GunnyUSMC Member

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    It’s because I jacked up the price on everything.;)
    My buddy was selling stripped AR lowers for $54 before the panic kicked in. Over the last few months he’s had trouble getting lowers and when he does, the price has been going up. The last batch of lowers he got in this pass week cost him $68 a lower, and he had to buy fifty the get that price. He’s selling them for $79.
    I don’t see prices getting back to normal until after the election.
    But if the anti Trumpers, go crazy after Trump is re-elected, prices may stay up for a while longer.
     
  10. Howland937

    Howland937 Member

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    I was in 4 different gun shops/small chain stores over the last 3 days over a 200 mile stretch. 5 if you count the CMP store. I didn't look at any guns besides the Garands and 03's at the CMP store and they had probably 50 Garands and 20-25 03's. The other stores had a waiting line for their gun counters and I wasn't gun shopping, but the racks and cases were pretty full. Limits on ammo purchases everywhere but they all seemed to have most calibers on hand. I didn't price any, except for the $38 I paid for a brick of Eley .22 SV at the CMP store. Not sure if it was a reasonable price or not but I wanted to actually buy something there and a Garand wasn't an option. 3 places had a limited selection of 9mm and .224 projectiles but one had several offerings. Powder and primers were decently stocked based on the ones I'm familiar with. The guns I glanced at didn't seem extremely overpriced either.
     
    Last edited: Jul 12, 2020
  11. daniel craig

    daniel craig Member

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    Because that’s how capitalism works. When demand is high prices are increased to keep supply available and to maximize profit.
     
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  12. bdickens

    bdickens Member

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    Where you been for the past 5 months?
     
  13. JudgeHolden10

    JudgeHolden10 Member

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    And it's equally possible that people are going to go crazy if Biden wins. Either way, I don't think prices are going to drop for a long time. My guess is at least several years.
     
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  14. jeff-10

    jeff-10 Member

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    That really isn't possible. There is so much more capacity than 2012 and no new federal anti-gun laws have even been proposed let alone enacted. How many AR-15's, riot guns and striker fired 9mm's can the public buy before they run out of room to store them? We'll see but I doubt its several years worth of what is being sold now. This does go to show you, never go gun shopping during an election year.
     
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  15. bearcreek

    bearcreek Member

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    Simple. Lots of people wanted guns, more than in years past, so they bought them. Now, lots more people still want guns, but the guns are mostly bought, so the ones that are left are more expensive.
     
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  16. brewer12345

    brewer12345 Member

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    I am amazed to see quite obscure things going up. I watched an auction for a Bulgarian Makarov and a Nagant revolver end tonight. Selling price was over 500 for each.

    Let's see: pandemic, riots, proposed gutting of police departments, bad recession, and a high stakes election year. Sounds like the perfect storm to me. I expect prices to be high and availability to be low for the rest of the year, minimum.
     
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  17. labnoti

    labnoti Member

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    images?q=tbn%3AANd9GcRt5a4hHLLaV6g-gA_Yo17YZwxrMjSLRreZNQ&usqp=CAU.png

    We're in a supply-shortage due to a rapid increase in demand. We could say the increase in demand wasn't "expected" by the manufacturers, but more accurately, they weren't able to anticipate the exact timing of the increase, and were not willing to go to the expense of ramping up production without knowing when the demand would increase. If we went back to Q4 2019, we'd see an economy that had the appearance of being good, Trump's re-election being more likely than not, and the demand for guns fairly flat through the end of 2020. The pandemic, economic plunge, Trump's peril, anti-police race riots, and a nation on the edge of the worst instability in many decades was not foreseen, or at least the timing of it was sufficiently uncertain that gun makers weren't going to go full-bore producing millions of guns that buyers would have left unbought had there not been chaos, panic, and fear.

    In the charts, the red line is supply, and the blue line is demand. The third chart shows a shortage situation like we have now. To bring the market into equilibrium, the supply can increase to meet the demand, but it takes time for gun makers to make millions more guns. They will be reluctant to go to great expense to increase their production capacity with more workers, more machines, additional factories etc., because they know their business is cyclical. The demand could be all gone by the end of this year. Since there's little danger of a new gun maker entering the market in a short time to fill all the unmet demand, they will not increase production by much. This is true for ammo also. The other thing that can bring the market into equilibrium is for demand to decrease. One way to reduce demand is to raise prices. How many people will buy a Glock at $1200? A lot less than will buy one at $400. Instead of selling 1,000,000 handguns at $400, if there is demand for 1,000,000 at $600, why not raise the price? Keep raising prices until the supply and demand are in equilibrium.
     
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  18. Alex Clayton

    Alex Clayton Member

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    If he wins no, price will keep up. If POTUS wins again? We will see the same thing we did last time. Remember when the bottom fell out of the market?
     
  19. Steve S.

    Steve S. Member

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    The average four minute response time of law enforcement was never taken seriously by the average citizen - they never really understood what that meant. In turn, most people have never experienced civil unrest - they always felt safe in our society - the numbers said that it was not going to happen to them.
    People witnessed a large volume of unrest, a large volume of other people that they viewed as dangerous - Chicago was brought to their back yard. So the timid and naive wanted the great equalizer and bought a firearm, any firearm. It is funny to watch fear and greed at work - people are lemmings, they want someone else to think for them and solve their problems - the politicians know that and always speak the the voters’ fear and greed - then they get elected and fill their pockets. It is funny to watch the same silly cycle repeat itself over and over again.
     
  20. edwardware

    edwardware Member

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    This one weird trick. . . called Supply and Demand.

    The number of customers in May and June was almost double the number of customers expected. The supply is fixed on the short term since it takes at least months to increase production, so the price rises to equilibrium.
     
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  21. magyars4

    magyars4 Member

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    Supply and demand...I've been looking for 22LR, CCI specifically.
    Around here, for the last two weeks there was none to be had of any manufacturer.
    Yesterday we ran into Wally world, and the only 22 they had were CCI...7, 50 round boxes. I bought 5. Figured I'd leave a couple for the next guy.
    6 buck and change each! I was happy to find it and pay the price.......
     
  22. DoubleMag

    DoubleMag Member

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    It fell because EVERYONE was saying She would win, and manufacturing ramped up to accommodate the world record sales from election day to swearing in. When the She did not, all that extra production became...dead weight. SELL IT cheap, move it. Get rid of it.

    If there is a ramp up right now, it's based on current pandemic whether Covid or Marxists marches w/ associated loot burn pillage (or both phenomenon).
     
  23. D.B. Cooper

    D.B. Cooper Member

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    You're awfully confident.
     
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  24. D.B. Cooper

    D.B. Cooper Member

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    Darn it! You beat me to it. Well said, though.

    We need more financial and economics classes in America's high schools.

    Ultimately, high demand drives up prices; high prices drive down demand. The invisible hand of the market seeks a balance wherein producers produce just enough product to meet demand at the highest price consumers are willing to pay.

     
    Last edited: Jul 13, 2020
  25. Alex Clayton

    Alex Clayton Member

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    It will be the same thing again if the same guy wins. It will be a buyers market in months. I had a hell of a time leaving a lot of guns alone after he won. AR's? They got to the point they were cheaper than I had ever in my life seen them. 1911s? They are my weak spot and the price? My "newest" 1911 is a SA Loaded bought about 15 years ago. NICE, new 1911's were selling for 60% of what I paid for that thing. It was hard to not run out and buy 3 or 4 more. If we win again? Same thing will happen again. Market will dump a LOT of guns all of a sudden. Price will again fall to all time lows. I will again have a hell of a time telling myself I do NOT need to buy another damn safe to hold more guns LOL
    Now if gun owners manage to get O'l Joe elected? Watch out. This a "shortage" will not go away. Either way I'm set so that part will not effect me. I do feel bad for my kids as I watch the country I dearly love fall further into the sewer. Not sure how bad this will have to get to wake people up <shrug>
     
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