The outbreak of the coronavirus (COVID-19) pandemic is leading to an increase in ammunition sales, according to data from Ammo.com.
From Feb. 23 and onwards, the sales volume of ammunition had a 1,306% increase in Colorado alone. This was followed up by the 1,079% increase of sales in Arizona and 972% increase in Texas.
In terms of 9mm ammunition, Arizona took the lead in sales volume at 1,473%. Meanwhile, Colorado and Washington reached 1,427% and 1,377% respectively. As for the largest increase in sales for .223 ammunition, Colorado rose to the top at +5,970%, while Texas and Georgia followed at 2,478% and 2,252%.
Another best-seller was .40 S&W, with Texas at 3,466%, Ohio at 2,090%, and Colorado at 2,060%. Ammo.com noted that social panic caused by mass media was a reason for this growth in sales.
According to the National Rifle Association of America (NRA), the majority of states view gun dealers to be essential businesses. At the time of writing this article, the exceptions to these U.S. locations include New York City, the New York state, Massachusetts, and New Mexico.
Following similar actions against San Jose, New Jersey, and Los Angeles County, the NRA sued the governor of New York for shutting down gun shops during the CVOID-19 pandemic, according to a Bloomberg report. The report and lawsuit noted that New York officials were “going out of their way to protect liquor stores and release criminals onto the streets, while ignoring the public’s outcry over the suspension of Second Amendment rights.”
In addition to Ammo.com’s cited social panic caused by mass media, other reasons for the increase in gun purchases can be attributed to personal safety concerns. According to a Pew Research Center study on the demographics of gun ownership, 67% of current gun owners said protection was the top reason for their ownership. Meanwhile, 44% of owners had more than one major reason. The study also found that 42% of U.S. individuals had a gun in their household, while approximately 30% of them stated that they personally owned one.
While the U.S. is experiencing increased ammunition sales, gun shops are also reporting a surge in sales, according to Bloomberg. Using data from the FBI’s National Instant Criminal Background Check System (NICS), the report noted that a significant number of background checks occurred during the final week of February this year compared to 1998.
As the COVID-19 situation continues to evolve along with the rise in product purchases, merchants need to be aware of secure payment processing solutions to ensure smooth transactions across various industries.
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