Why are gun sales falling?

[billh58]

January gun sales slumped in comparison to those of past years, according to new data from the FBI’s National Instant Criminal Background Check System.

The government doesn’t keep an exact count of firearms sold, but the system can be used as a proxy for sales and is considered an indicator for the industry. According to data kept by the agency, 2,030,530 firearm background checks were logged this January, down from 2,043,184 in the same month last year and 2,545,802 in 2016, which was a record year.

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Gun companies have seen slowing sales and dwindling stock prices over the last year. Despite a successful Black Friday, during which just over 203,000 background checks were processed, holiday sales were sluggish.

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In a report about American Outdoor Brands released Monday by Wedbush Securities Inc., a securities firm and investment bank, analysts cited firearms-purchasing trends among risks to their price target and rating: “Gun ownership is becoming increasingly concentrated, with fewer gun owners owning more guns, as guns are primarily marketed to people who already own guns.”

http://www.msn.com/en-us/money/companies/why-are-gun-sales-falling/ar-BBILiSW?li=BBnb7Kx

There are still too many guns circulating, but at least sales of lethal weapons continue to fall as fewer Americans feel the need to be armed and dangerous. This is a welcome trend.