The sales of guns and ammunition both seem to have peaked and are now falling, Bloomberg Businessweek reports. The story cites a decline in background checks, which peaked in January 2013 following the Sandy Hook shootings and have dropped fairly steadily ever since.
The number of background checks in January 2014 was 33 percent less than in January 2013.
Meanwhile, Cabela’s reports slow firearms sales in the past quarter and an unexpected drop in demand for ammunition. Some industry sources believe sales are not declining as much as they are returning to normal after a long boom. Smith & Wesson CEO James Debney says the firearms industry is “coming out of this surge period into what we would call a more normal environment, which is generally free of influence of some fear or uncertainty about increased legislation.”