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Local News

June 24, 2014

Local gun dealers report sales slump

Smith & Wesson stock price sees 10-percent slide


Gun sales skyrocketed just before and after the SAFE Act was passed, Marino said, because people were afraid new laws would soon make it impossible to buy firearms.

“People panicked,” Marino said. “The possibility of stricter laws and tragedies tend to spurn on the sale of guns. The same thing happened after Sandy Hook. As horrible as it was, all the gun companies flourished after that.”

Marino added that a few gun companies have designed and introduced New York-compliant non-pistol-grip versions of rifles to get around the SAFE Act, some of which he sells at his shop. But, to his knowledge, Smith & Wesson has yet to make one of these, he said.

Although he can no longer sell assault rifles from his store, Marino can still sell them to out-of-state buyers online, he said. However, he often has trouble attracting buyers because many of the guns are left over from when previous gun restrictions were in place and aren’t desirable anymore. Handguns are very popular right now, Marino added. 

Jim Losie, owner of Losie’s Gun Shop in Oneonta, said there are many reasons why the sale of guns is on the decline. 

But the biggest reason for the drop in gun sales is because of an ammunition shortage, Losie said. He blamed the Obama administration for the shortage in bullets.

Guns won’t be flying off the shelf again any time soon as long as there’s a shortage of ammunition, Losie said.

“Are you going to come in and buy a gun from me if you don’t have any ammo to go along with it?” Losie said. “No, you’re not. So people don’t. “

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