Firearms Sales Slowing

[targa911S]

Originally Posted by madcorgi

Watch it guys . . . the NSA is reading this.

Terry

I got nothing to hide. We are a licensed dealer. I'm just a lowly gun crank.

Originally Posted by targa911S

I got nothing to hide. We are a licensed dealer. I'm just a lowly gun crank.

Was joke. Make funny. Maybe not so much.

Terry

[fintstone]

Most folks I know already have plenty of guns, including ARs...so I expect that to slow down a bit. It is just the 556 that is hard to come by at a reasonable price.

[red-beard]

Apparently .22 is still not reasonably priced as well, at $45 for 500!

[targa911S]

some places it's $90.00 here.

[red-beard]

Are people buying at $90?

[wdfifteen]

Originally Posted by rayporsche

Not a big surprise, by now a very healthy number of new gun owners should show on the records and all thanks to the best gun salesperson of all times.................and we all know who that is !

Wayne LaPierre!!

[targa911S]

It was a rumor about the shop down the street. I can't verify it.

[porsche4life]

I've seen crazy prices like that David, but I didn't see anyone buying any...

Originally Posted by wdfifteen

Wayne LaPierre!!

Bingo. And his mouth organ, Fox News.

It's amazing how easy it is to scare stupid people.

Terry

[KaptKaos]

Originally Posted by red-beard

Apparently .22 is still not reasonably priced as well, at $45 for 500!

$45 for 500 out the door is better than just about anything you'll find online, once you add in shipping.

Locally, a brick of 22 is almost impossible to be had.

[Buckterrier]

Originally Posted by madcorgi

Was joke. Make funny. Maybe not so much.

Terry

I thought it was funny, as David, nothing to hide here.

Now I just have to figure out when and how to register the "illegal" stuff I have now. Actually don't even know if it is illegal yet.
Supposedly my 30 round mags are grandfathered in and the 11 rounders for my 4006 are also. I purchased two 10 rounders so I can carry it. And the SBR AR is federally registered. Need to find out if it still needs to be registered in Ct.
The fine govna Dannel Malloy is the ALMS Northeast Grand Prix Grand Marshal. Maybe I'll say hello and ask him Saturday

[red-beard]

My question is who is making the money on this situation? 5 years ago 500 rounds of .22LR was around $10. Then it went to the $15-17 region. Since last December, it is now around $50. I understand supply and demand. But who is getting the additional markup? Local gun dealer or the manufacturer?

[dhoward]

Well, Cheaper Than dirt has 375 rounds of CCI .22LR for $199. You tell me.

[jyl]

Manufacturer.

[KaptKaos]

All of them.

Originally Posted by red-beard

My question is who is making the money on this situation? 5 years ago 500 rounds of .22LR was around $10. Then it went to the $15-17 region. Since last December, it is now around $50. I understand supply and demand. But who is getting the additional markup? Local gun dealer or the manufacturer?

Kaos is right--all of them. It's like the panic buying of gas during the "shortages" or the 70s and 80s. Everyone along the supply chain sees a chance to make a quick buck, based on increased demand. It's capitalism.

BTW--I think it was driven by the Newtown massacre and the public's fear of another knee-jerk Congressional response like the Patriot Act, rather than any sort of action by you-know-who, who has done pretty nothing to restrict gun ownership in any way. As always, fear causes irrational behavior in the markets. The fear goes away, and the prices settle out as demand falls.

What's interesting here is that demand for guns is far less elastic than I would have expected. For those who missed class that day, elasticity of demand is the extent to which demand changes in reaction to fluctuation in price. Very roughly speaking, demand is said to be elastic if small changes in price cause big changes in demand. Examples are usually things like luxury items that people can live without. Demand is said to be inelastic if significant changes in price do not affect demand. Examples are essentials, like gas, food, and, interestingly, cigarettes.

I expected demand for firearms to be fairly elastic--people would decide to do without as prices rose. But it was far more inelastic than I anticipated, i.e., people didn't seem to think they could do without guns. The stochastic part of all this, however, was the extent to which people truly believed that the government was going to confiscate guns, which threw a monkey wrench into simple supply/demand theory because it was an unknown variable. That and the effects of herd mentality--everyone is dong it, so I'd better too.

Economics is an inexact science for good reason.

Terry

[BlueSkyJaunte]

Originally Posted by dhoward

Well, Cheaper Than dirt has 375 rounds of CCI .22LR for $199. You tell me.

CTD are a bunch of criminals. During the 2008 rush they had Magpuls listed for ~$70, and they showed the MSRP as $59 to make it look like they were giving you a "deal".

Outright fraud.

[KaptKaos]

Originally Posted by madcorgi

Kaos is right--all of them. It's like the panic buying of gas during the "shortages" or the 70s and 80s. Everyone along the supply chain sees a chance to make a quick buck, based on increased demand. It's capitalism.

BTW--I think it was driven by the Newtown massacre and the public's fear of another knee-jerk Congressional response like the Patriot Act, rather than any sort of action by you-know-who, who has done pretty nothing to restrict gun ownership in any way. As always, fear causes irrational behavior in the markets. The fear goes away, and the prices settle out as demand falls.

What's interesting here is that demand for guns is far less elastic than I would have expected. For those who missed class that day, elasticity of demand is the extent to which demand changes in reaction to fluctuation in price. Very roughly speaking, demand is said to be elastic if small changes in price cause big changes in demand. Examples are usually things like luxury items that people can live without. Demand is said to be inelastic if significant changes in price do not affect demand. Examples are essentials, like gas, food, and, interestingly, cigarettes.

I expected demand for firearms to be fairly elastic--people would decide to do without as prices rose. But it was far more inelastic than I anticipated, i.e., people didn't seem to think they could do without guns. The stochastic part of all this, however, was the extent to which people truly believed that the government was going to confiscate guns, which threw a monkey wrench into simple supply/demand theory because it was an unknown variable. That and the effects of herd mentality--everyone is dong it, so I'd better too.

Economics is an inexact science for good reason.

Terry

Unfortunately, California is on the precipice of enacting the stupidest, and most draconian gun laws in the nation. That fear you mentioned is not irrational.

Originally Posted by KaptKaos

Unfortunately, California is on the precipice of enacting the stupidest, and most draconian gun laws in the nation. That fear you mentioned is not irrational.

Well, OK, I'll grant you that. But confiscation, a huge driver of the fear, just isn't going to happen. Anywhere.

Terry