2021 Gun sales already at 11 million in US, poised to break another record

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Gun sales already at 11 million, poised to break another record

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There is no end in sight for the booming firearms industry.

Despite thin inventories, sales in July were the second-highest ever for the month at an estimated 1.3 million-1.4 million, bringing the total to about 11 million this year, according to an analysis of FBI background check data.

“That’s a strong demand signal from the American public that there is steady and strong appetite for continued firearm sales,” said Mark Oliva of the National Shooting Sports Foundation, the industry trade group.

“Summer is typically a part of the year when firearm sales will slow, but July’s figures defy that trend. Americans are still buying guns, and they’re buying them in numbers higher than previous years and at a pace that would have been unpredictable two or three years ago. To date, more than 11 million background checks have been completed for the sale of a gun,” he added.

Jurgen Brauer, the chief economist at Small Arms Analytics & Forecasting, said, “Even though the July year-over-year headline number fell drastically, estimated unit sales of nearly 1.4 million in July 2021 increased by over 500,000 units when compared to the more ‘normal’ July 2019 data. Indeed, apart from last year’s extraordinary July number, the July 2021 number is the highest on record.”

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