We’ve been under this new normal for around 7 months.
Due to the Covid-19 Virus ‘pandemic’ our industry continues to experience overwhelming demand. In fact, as of July 2020, there were 5 million first time firearm buyers this year and a record 12.1 million total FBI background checks.
Most firearms, many types of ammo and various accessories have sold out or are in very limited quantities.
Many of the manufacturers have production backorders that need to be filled just to catch up from pre-covid levels. And each day that goes by with this unprecedented demand, puts them further behind.
Also, many firearm, ammo and accessory manufacturers are unable to finish their products due to supply chain material shortages, labor shortages and state and local Covid restrictions.
We get calls and emails all day long with people searching for 9mm,.380, 45, 5.56, .223 and .22lr ammo. As well as people searching for 9mm handguns, shotguns , AR-15s and most hunting rifles. And, sadly, the answer to that request is often no we don’t have it.
Hopefully, next year, this situation will improve. And, more importantly, I hope we find a way to put a stop to Covid.
Pending bankruptcy court approval, Remington Firearms has been sold, in parts, to several buyers via an auction.
These are the successful bidders for Remington’s various businesses:
– Vista Outdoor Inc. was the successful bidder for their Lonoke ammunitions business. – Sierra Bullets LLC was the successful bidder for their Barnes ammunition business. – Sturm, Ruger & Co. was the successful bidder for their Marlin firearms business. – JJE Capital Holdings LLC was the successful bidder for their DPMS, H&R, Stormlake, AAC and Parker brands. (Think Palmetto State Armory). – Franklin Armory Holdings Inc. was the successful bidder for their Bushmaster brand and certain related assets. – Sportsman’s Warehouse Inc. was the successful bidder for their Tapco brand. – Roundhill Group LLC was the successful bidder for their non-Marlin Firearms portion of the business.
It will be interesting to see how it all turn out.
Ruger had this message on their homepage:
“The value of Marlin and its 150-year legacy was too great of an opportunity for us to pass up,” said Ruger President and CEO Chris Killoy. “The brand aligns perfectly with ours and the Marlin product portfolio will help us widen our already diverse product offerings.”
The transaction is exclusively for the Marlin Firearms assets. Remington firearms, ammunition, other Remington Outdoor brands, and all facilities and real estate are excluded from the Ruger purchase. Once the purchase is completed, the Company will begin the process of relocating the Marlin Firearms assets to existing Ruger manufacturing facilities.
“The important thing for consumers, retailers and distributors to know at this point in time,” continued Killoy, “is that the Marlin brand and its great products will live on. Long Live the Lever Gun.”
Due to the Covid-19 Virus our store is experiencing overwhelming demand. There will be delays in shipping, receiving, responses to emails and phone calls. Please be patient. Many items have sold out or are in very low quantities.
This is affecting the entire USA based firearms industry.
Colt recently announced it will stop manufacturing their AR-15 lines for sale to the civilian market.
They cite overall excess market manufacturing capacity (AKA the AR-15 market is flooded with product) and most of their AR building capacity is currently dedicated to high volume military and police contracts.
The Gun Owners of America, The Gun Owners Foundation, The Virginia Citizens Defense League on Wednesday filed a lawsuit in the Michigan Sixth Circuit Court of Appeals against Acting Attorney General Matt Whitaker over the bump stock ban.
You can read more here as well as see the full text of the lawsuit: