Executive director of the Violence Policy Center in Washington, DC.
Posted: March 4, 2010 01:55 PM
Left unstated by the gun lobby, and virtually unnoticed by the news media, is that when gun sales do rise (and that isn't always the case despite the gun lobby's best efforts), they eventually drop––sometimes precipitously.
And sometimes, as Michael Kassnar, president of AR-15 manufacturer KBI/Charles Daly, explains, there's a "market collapse." Kassnar should know––he's just shut his business' doors.
One factor that contributed to the company's closure was what Kassner called a "collapse" of the market in mid-2009 for semiautomatic sport utility rifles, the so-called "black guns" designed on the AR-15 platform.
In other words, AR-15 assault rifles, but let us continue.
He said the rush to purchase those firearms came to a halt in about July, leaving him with a "warehouse full of guns nobody wanted."
Orders for about $8 million worth of firearms were cancelled, he said, leaving KBI/Charles Daly essentially high and dry for the second half of the 2009 sales year. It appeared that the public became less fearful that the Obama administration was going to come after semi-autos, so the panic buying came to an end, Kassnar said....
"The consumer just stopped buying," he said....the "sales blitz lasted about eight months."
Not to worry. In the boom and bust economy that represents gun manufacturing in the U.S.––despite the long-term trends of declining gun ownership
––the NRA and gun industry are always on the lookout for another manufactured crisis to exploit and reel in the "panic" buyer.