zerohedge | Just as was evidenced after the 2007 shootings at Virginia Tech,
after Columbine and Tucson in 2011, and following the theater shootings
in Aurora, Colorado in 2012, US gun sales have soared following the mass-shooting at Umpqua Community College in Oregon, which killed 10 people and injured seven others. As The FT reports, gun sales this year could surpass the record set in 2013, when gun purchases surged after the December 2012 Sandy Hook murders.
Business has been brisk for Larry Hyatt, owner of Hyatt Guns in North Carolina, since the Oregon community college shooting last week that left 10 people dead, including the 26-year-old suspect.
Mr Hyatt saw an even bigger surge in customers after the 2012 massacre at Sandy Hook Elementary School in Connecticut that left 26 people dead, including 20 children, before the gunman killed himself.
...
However, the calls for tighter gun laws lead to an increase in weapons sales. “Once the public hears the president on the news say we need more gun controls, it tends to drive sales,” said Mr Hyatt, who owns one of the largest gun retailers in the US. “People think, if I don’t get a gun now, it might be difficult to get one in the future. The store is crowded.”
“We don’t want our business to be based on tragedy but we have to deal with what we have no control over,” Mr Hyatt said. “And after these shootings and then the calls for tougher gun laws, we see a buying rush.”
In the first nine months of this year, 15.6m of the
background checks needed to purchase guns from federally licensed
sellers have been processed, compared with the 15.5m applications in the
same period in 2013, according to the National Instant Criminal Background Check System.
Strong sales this year have also boosted the earnings for the two of the largest gun manufacturers in the US. Smith & Wesson and Sturm, Ruger & Co have seen their stocks rise this year by over 88% and 67% respectively.
