Joe Biden’s projected White House win could boost gun sales in what has already been a landmark year for gun makers.“The election of a Democratic president who has promised to tighten gun control legislation could very well prompt increased demand for firearms,” says Rommel Dionisio, managing director of Aegis Capital. Biden has long been vocal on the issue of gun control. The former vice president has said gun manufacturers are “the enemy” of the Democratic party’s gun control efforts. His campaign website calls for a ban on manufacturing and future sales of assault weapons like the AR-15, a position he has maintained since a string of high-profile mass shootings in 2019. Dionisio says gun owners’ fears of Democrats passing gun control legislation fuels a predictable surge in sales before and after elections. Gun sales spiked after President Barack Obama’s successful 2008 and 2012 campaigns. The previous record of 15.7 million guns sold in a calendar year was set in 2016, when polling suggested that Hillary Clinton would win the presidency, motivating many people to stock up on firearms, according to Mark Oliva, director of public affairs for the National Shooting Sports Foundation, a trade group that tracks and analyzes gun sales. Clinton made stricter gun control measures a central part of her 2016 campaign in the wake of the 2015 North Charleston AME church mass shooting. Obama tried and failed to convince Congress to pass stronger gun control measures in the wake of the Sandy Hook Elementary school massacre in 2012. Former Democratic President Bill Clinton signed a landmark ban on assault weapons into law in 1994, which expired 10 years later.
By contrast, President Trump’s election day upset of Clinton was followed by a lull in gun purchases dubbed the Trump slump. [full article]