Excess inventory of used firearms?

[Gunbuffer]

lol I knew that story ended with a low
Offer.

 

[D V US]

I'm pretty sure I met that guy as I was walking in to "Big Boys" today. Sounds like what I found, an excess of inventory, with much more in the back, at higher prices than the market dictates. Now to be honest, I did see a couple of good deals, but that wasn't the norm. And they aren't the only ones, all dealers seem to be keeping their prices high, hoping the political situation will cause another surge in sales. I think they are going to be holding on to their inventory well into the next regime or longer. Eventually they will have to adjust their prices or go out of business for lack of business.

 

[dennishoddy]

Now is the time to be buying, gents. Weird times, weird times for sure.

There may be a bump in Nov when they cheat again and install Harris in Jan. But, most enthusiasts are already stocked to the brim. I mean, I wants lots more guns, but how many do I NEED? N + 1.

Ummm, there is no limit on what I need.

 

[dennishoddy]

I’ve been asked the same old question. “ How many do you need?”

The answer is, it’s not a matter of need, it’s what I want.

I've asked my wife the same question when she said, "you bought another gun?"
I walk into her bathroom, do a slight tally of all the bottles of this and that, walk into her closet, do a tally and say, do you really want to contest me about needing another gun?

 

[dennishoddy]

I'm pretty sure I met that guy as I was walking in to "Big Boys" today. Sounds like what I found, an excess of inventory, with much more in the back, at higher prices than the market dictates. Now to be honest, I did see a couple of good deals, but that wasn't the norm. And they aren't the only ones, all dealers seem to be keeping their prices high, hoping the political situation will cause another surge in sales. I think they are going to be holding on to their inventory well into the next regime or longer. Eventually they will have to adjust their prices or go out of business for lack of business.

If history repeats itself, when Trump regains office, the gun prices along with ammo, and reloading components the last, will get back to affordable prices.
During the obama years, ammo and guns were sky high because of the fear of gun confiscation and control.
The gun companies were making record profits.
When Trump gets back in, ammo/guns will be cheaper, and the gun companies will not be as profitable. Prices will come down.
Don't buy gun stocks.

 

[bubbaturbo]

I think there will be some really good Black Friday gun sales this year.

 

[RickN]

And me without any funds.

 

[crispy]

Now is the time to be buying, gents. Weird times, weird times for sure.

I’ve noticed that for sure. It’s becoming a bit of a problem.

 

[Firpo]

I think they are going to be holding on to their inventory well into the next regime or longer. Eventually they will have to adjust their prices or go out of business for lack of business.

And this is the part I simply don’t understand. In a business that’s based on moving inventory, if it’s just sitting there it’s taking up space and costing them money. I spent my entire sales career working in the industrial electrical industry for factory reps and distributors and dead inventory is your enemy. For us the magic number was 8 turns/year and if an item had sat there for 3 years without moving it was tossed and we took the hit……and the purchasing manager had some splaining to do. Obviously you’re not going to throw guns in the trash but what you can do is make someone a deal just to get it out the door and replace it with something that people are buying. I know a LOT of the guns that I see in shops down in Lawton have been sitting there for many, many, many years. Doesn’t matter what YOU think something is worth, until it sells its worth absolutely nothing. They’d have been better off not buying the guns and investing it in a CD……at least they’d be getting 5% interest.

 

[crapsguy]

This was posted on the Taurusarmed forum today:

“drove to one of Oklahoma City's largest gun stores today for the express purpose of selling a couple of firearms. (Details about the types and why I chose to sell them at a gun store instead of private sales are not pertinent to the thread.) The store's assistant manager and one of his sales reps, both of whom helped me, said that they were swamped with used firearms. They added that their biggest competitor was facing the same problem.

People are selling quality (in other words, not cheap or junk) used guns - AR-15s, AR-10s, hunting and shooting rifles, shotguns, revolvers, semi auto pistols - like they've never seen before. For all of the used guns that were on display, they had far more in storage, waiting for shelf space before being displayed.

I replied that in the world and circumstances in which we live, this was surprising. They agreed. They surmised that inflation is hitting folks harder than what is being reported. Valuables of all kinds are being sold to put food on the table, pay the bills, and keep a roof over people's heads. I reckon that if there's a silver lining to this cloud, it's that there may be some nice gun bargains out there.

The prices they quoted for my guns were so low, I politely declined and took them back home with me, with their complete understanding.

Has anyone else seen anything similar in your area?

See less”

I suspect if you walk into any environment to sell something - cars, guns, pawn shop stuff, etc, etc - the answer is we have excess - yours is worth less.
there may actually be a situation where there are many boomers who are thinning the heard met with many overextended younger folks with different priorities