Small Arms Analytics & Forecasting (SAAF) estimates February 2020 U.S. firearms sales at 1,357,643 units, a year-over-year increase of 17.3% from February 2019. Likely single handgun sales (793,301) increased year-over-year by 19.5%, whereas individual long-gun sales (441,516) increased year-over-year by 12.4%. All other possible background check-related sales (122,826) increased year-over-year by 22.1%. This includes so-called “multiple” transactions where the allocation between handguns and long-guns cannot be determined from the data record.
SAAF’s firearms unit sales estimates are based on raw data taken from the FBI’s National Instant Criminal Background Check System (NICS), adjusted for checks unlikely to be related to end-user firearms sales. For example, the FBI’s raw numbers (for February, some 2,776,380) cannot be taken at face value as vast numbers of background checks are unrelated to end-user sales. As a case in point, in February, the state of Kentucky conducted about 368,000 so-called permit checks and rechecks alone. In contrast, end-user checks at firearms retailers likely amounted to about 30,000 checks. SAAF makes certain other adjustments to the data based on retailer reports and additional information; nonetheless, the estimates still likely understate the “true” number of unit sales.
SAAF Chief Economist Jurgen Brauer comments that “it appears as if firearms owners are casting early votes in the upcoming presidential election this year: Unit sales in both January and February 2020 have been at their highest levels since 2016.”
For more information, contact Eric Wright.