FBI background checks for guns surge in 2016

Record Gun sales 2016

FBI background checks for gun purchases surged by 36% in the first quarter of 2016 compared to the same period last year.

If background checks continue at their current rate, 2016 could surpass the record of 23 million background checks that were conducted in 2015.

The National Instant Criminal Background Check System (NICS) was responsible for vetting 7,682,141 gun purchases in the first quarter this year.

In the first quarter of 2015 there were 5,644,866 background checks.

Gun sales are still being propelled by last year’s mass terrorist shootings in France and California.

As Hillary Clinton, Bernie Sanders, and President Obama continue to push for stronger gun controls, sales continue to move forward at record rates.

“As the general election draws closer, we believe fear [about second amendment rights] will be maintained, said BB&T Capital Markets analysts Brian Ruttenburg and Corbin Allen.

NICS background checks are a loose indicator of sales, but they aren’t the same thing as sales. The checks are issued every single time a buyer attempts to purchase a fire arm from a federally licensed seller.

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A single background check doesn’t necessarily equal just one gun purchase, since a single check is conducted even if someone buys multiple guns at the same time.

Written by Peter Mondrose

Peter Mondrose

Peter Mondrose is the Editor-In-Chief at BusinessPundit. He received his degree in Economics in 1998 and a second degree in Journalism in 2004. He has served as a financial adviser, market trader, and freelance journalist for the last 11 years. When he's not investigating market conditions and reporting on workplace news, he can be found traveling with his wife, dog, and laptop. He can be reached at OnlineDegree.com.