Firearm sales in 2016 are spiking after several gun-related tragedies. Now, the imminent election could be a factor in gun sales.
According to Sturm Ruger, a major gun manufacturer, its earnings have jumped by 66 percent compared to its profits this time last year. The company reported that gun sales are up across the country based on FBI data of background checks. The FBI processed a record-breaking 2.3 million background checks in the month of October.
Storm Ruger CEO Michael Fifer believes that this drastic increase in gun sales has something to do with the outcome of the election. When asked about what would happen if Hillary Clinton were to win the election, Fifer stated that Ruger has engaged in "extensive contingency planning" to prepare for whatever happens.
Hillary Clinton's administration plans to reinstate the ban on assault weapons in the United States and tighten gun sanctions. Conversely, Trump is against the ban of assault weapons and wants fewer gun restrictions.
It is unclear how the sales will fluctuate if either candidate is elected.