It’s a been a while since I’ve posted here. Not because nothing’s been going on, it’s just been a really busy summer! I’ve been working more shows this summer then usual and it’s been interesting tracking what’s been happening. I should put out show updates more frequently as it’s a good indicator of market movement and resulting prices.
In addition, the high inflation rates have started to impact the amount of disposable income that’s out there for buying an upgraded hunting rifle or accessories. Back when the Covid stimulation $$’s were flowing we saw a lot more activity on the higher end items. That includes firearms, scopes, axes, etc.
What’s been happening at the shows
This past weekend we had a local show that’s usually well attended and sales have typically been strong. The weather this year was good for a show but the turnout was really low. Dealers I spoke with reported minimal sales or none. I personally had a fair show but most of the items sold were well under $100 with most under $50.
People were looking but too many were unwilling to part with any serious cash. One sobering moment came when a customer was purchasing a used shotgun loader for $30. I overheard the buyer say he only had $15 on him but would ‘come up’ with the other $15 after lunch.
We’ve had some strange, ineffective gun laws passed in Minnesota that went into effect August 1st. Instead of inhibiting the bad guys from getting their hands on guns, it’s simply complicated the issue of an individual wishing to sell a handgun to a friend, neighbor, or fellow shooter. The good guys are punished for the actions of the bad guys. Without getting into the ‘weed’s’ regarding the actual law, it’s had a tendency to dampen what I’ll call ‘open’ sales with a lot of individuals opting to ignore the law.
Everyone had the same feeling that there’s a change in the air.