Gun dealers see buyer’s market in Miss.
Published: October 26,2010
JACKSON — Panic buying, which followed President Obama’s election and the Democratic Party’s majority in both the House and Senate, created a seller’s market for gun dealers and sporting goods stores in 2009.
The lingering effects of that run, based on an unwarranted fear of losing the right to bear arms, has created a buyer’s market in 2010.
“Totally flip-flopped,” said Van Allen, of Van’s Deer Processing and Sporting Goods in Brandon. “Consumers are now in the best position. There are deals on firearms and hunting accessories the likes of which we’ve never seen or dreamed could happen.
“Manufacturers based their 2010 production on 2009 sales, but they learned that the demand – the buying that followed the 2008 election – didn’t materialize again.”
Excess product – except rifle and pistol cartridges, which remain in short supply nationally – means better deals, like rebates, lower prices and store specials.
“Shotgun shells are no problem, but the cartridges in all calibers are tough to find,” Allen said. “I’m ordering everything I can knowing that I’ll be lucky if I get half of what I order.”
To sign up for Mississippi Business Daily Updates, click here.
One Response to “Gun dealers see buyer’s market in Miss.”
FOLLOW THE MBJ ON TWITTERMy Tweets
Top Posts & Pages
- Mad Genius, Eyevox owner acquires Mississippi Film Studios
- Tragedy for Jackson Prep: Football player Walker Wilbanks dies
- Payday lender, fired executive exchanging blame for lender’s regulatory woes
- McDaniel files legal arguments as he looks to overturn Cochran loss
- UMMC reaching out after death of high school football player
- UPDATED: Jackson agrees to repay HUD $1.5 million for Farish Street blunders
- Fitch gives Mississippi Power a negative outlook due to Kemper plant
- Mississippi River mayors announce 'seed money' for waterfront developments
- Payday lender expects clean bill from regulators