Conn. -- During a time period of great economic uncertainty, firearm and
ammunition sales have continued to increase throughout the country.
the most recent Firearms and Ammunition Excise Tax Collection Report, released
earlier today by the Department of the Treasury, firearm and ammunition
manufacturers paid more than $98.1 million in the fourth
calendar quarter of 2008, up 31.3% over the same time period
reported in 2007.
Manufacturers of firearms and ammunition pay a federal excise tax
-- a major source of wildlife conservation funding --on all firearms and
ammunition manufactured (11% on long guns and ammunition and 10% on handguns).
which covers the time period of October 1, 2008, through December 31, 2008,
shows that $27.6 million was collected for pistols and
revolvers, $35.0 million for long guns and $35.5
million for ammunition. Compared to the same quarter in 2007,
collections were up 70.1% for handguns, 11.4%
for long guns and 31.1% for ammunition.
figures close out the 2008 calendar year. In 2008, a total of $345.2
million was collected in excise taxes, up 13.9% from
the $303.2 million collected in calendar year 2007.
firearms and ammunition is clear," said NSSF President Steve Sanetti. "Since the
November elections we've seen an increase in firearm ownership coupled with an
unprecedented level of attendance at firearm safety courses nationwide.
Americans are buying firearms, and they're taking the proper precautions to
ensure that they exercise their individual Second Amendment rights safely and
Translation to Sales:
latest collections as an indication of sales, a projection of $917.5
million was generated in the fourth quarter (calendar year) of 2008.
Please keep in mind that although excise taxes are one of the best
indicators of industry performance, they only report what the manufacturers paid
in taxes and do NOT reflect retail mark-up and final retail sales. Furthermore,
these figures are based solely on U.S. civilian sales and do not include sales
to military, police and other governmental agencies.
and revolvers: $27,649,109.11 / .10 = $276,491,091.10 = $276.5
million for handguns
guns: $35,021,474.66 / .11 = $318,377,042.36 = $318.4 million for
Ammunition: $35,488,061.46 / .11 = $322,618,740.55 =
$322.6 million for ammunition
Total estimation for the quarter: $917.5
same methodology, a projection of $3.22 billion dollars was
generated in calendar year 2008, up 15% from the $2.8 billion projected for
calendar year 2007.
Revolvers: $907.1 million
Long guns: $1.15 billion
Ammunition: $1.16 billion
numbers speak to a much greater story," said NSSF Senior Vice President and
General Counsel Lawrence G. Keane. "America's gun owners have serious concerns
about the country's current political make-up. Lawmakers should recognize this
and understand that these gun owners are not merely consumers buying a product,
but voters reacting to a very real threat."