CO Gun Shops Finally out of Inventory?

[Oddball Six]

Called CBI this morning and they finally fell back below 10,000 instacheck requests on their backlog. 9,200 and change as of 10:45 mountain.

My theory? I think Colorado gun shops are just out of stuff to sell.

Bought a new P229 on saturday and the place was slammed. Jensen Arms had literally piles of guns on the floor because they couldnt move the sold firearms to the back room fast enough.

I have to wonder how sustainable all of this is? As a business guy, my experience tells me that gun shops and so forth had better plan on a depression in the market when all of this gravy train time is finally over. It also occurs to me that at some level the instacheck backlog might be a proxy for inventory levels in the state.

If the demand is at the same level, and instacheck is going down, it really probably indicates only one thing: supply is low enough that there is nothing left that people want to buy.

 

[Blueclawz]

Re: CO Gun Shops Finally out of Inventory?

So in essence what you are saying is that I could target the price cap on the inventory buy monitoring state and federal background check backlogs - thus creating a metric would allow me to see when the market has peaked?

 

[Oddball Six]

Re: CO Gun Shops Finally out of Inventory?

Actually, yes, but as I noted, I think we are past the peak, not because the demand has lowered, but because the stuff that drives the backlog - e.g. certain classes of controlled purchases - is not available for sell.

So its not a proxy for demand, its a proxy for the intersection of demand and supply.

My anecdotal experience indicates demand is every bit as high as it was, so the indication is that its the supply side falling.

And, dammit, you owe me like $200 for that bit of consulting. Ill PM you where to send the check

 

[Blueclawz]

Re: CO Gun Shops Finally out of Inventory?

Its a vacuum man....the backlog was already going on from the post-election period...then you had a MASSIVE upswing. Its going to get tighter before it gets looser....god it would be awesome if everything worked like that....