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Long Range Hunting & Shooting
2017 SHOT Show: It's a buyer's market!
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<blockquote data-quote="RobStar" data-source="post: 1275306" data-attributes="member: 75045"><p>You'd think the changes in Washington would mean great news for the firearms industry and the overall long term prognosis is great.</p><p></p><p>HOWEVER, what I'm hearing around SHOT Show is that pre-election day panic buying by dealers anticipating a Clinton win and the surprise Trump win has left a lot of them with more inventory than demand... a LOT more inventory!</p><p></p><p>The result is many of the manufacturers at the show are seeing dismal orders. For instance one well known long range rifle company I talked to told me yesterday that by the second day they'd normally have $2 million of orders for 2017 and so far they only had a little over $20,000. I heard similar stories all around and a lot about dealers who over-ordered and now don't have the sales to support it and pay the bills.</p><p></p><p>I saw one list yesterday being circulated around by a dealer who has over $3m in inventory and is offering it up for $1.5m and is likely to have to go lower. He was to the point of accepting below cost individual item sales off his list. On the upside to this, a new retail range operation one of my friends is starting up is benefiting by buying up access inventory cheaper than he could buy direct for new product. He projects he'll save close to $1m in his start up costs.</p><p></p><p>This isn't all doom and gloom at all as it will benefit us, the individual gun purchasers with lower prices and more availability...hopefully.</p><p></p><p>From what I can discern, handguns and the AR platforms are most affected. I think we'll certainly see a lot of the zillion new AR manufacturers go to the wayside who have popped up to fill the crazy demand. It will be a market adjustment to the supply and demand.</p><p></p><p>~Robert</p></blockquote><p></p>
[QUOTE="RobStar, post: 1275306, member: 75045"] You'd think the changes in Washington would mean great news for the firearms industry and the overall long term prognosis is great. HOWEVER, what I'm hearing around SHOT Show is that pre-election day panic buying by dealers anticipating a Clinton win and the surprise Trump win has left a lot of them with more inventory than demand... a LOT more inventory! The result is many of the manufacturers at the show are seeing dismal orders. For instance one well known long range rifle company I talked to told me yesterday that by the second day they'd normally have $2 million of orders for 2017 and so far they only had a little over $20,000. I heard similar stories all around and a lot about dealers who over-ordered and now don't have the sales to support it and pay the bills. I saw one list yesterday being circulated around by a dealer who has over $3m in inventory and is offering it up for $1.5m and is likely to have to go lower. He was to the point of accepting below cost individual item sales off his list. On the upside to this, a new retail range operation one of my friends is starting up is benefiting by buying up access inventory cheaper than he could buy direct for new product. He projects he'll save close to $1m in his start up costs. This isn't all doom and gloom at all as it will benefit us, the individual gun purchasers with lower prices and more availability...hopefully. From what I can discern, handguns and the AR platforms are most affected. I think we'll certainly see a lot of the zillion new AR manufacturers go to the wayside who have popped up to fill the crazy demand. It will be a market adjustment to the supply and demand. ~Robert [/QUOTE]
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2017 SHOT Show: It's a buyer's market!
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