October's adjusted NICS checks rose 7.9 percent while the raw FBI count fell 8.1 percent. The election did not change this quarter's demand, but it changed the state map that sets your 2027 compliance costs and product mix.
Bank access and the licensing threshold are the two Q4 costs a dealer cannot control, and the two that decide which shops are still standing to take the transfer.
ATF's October 9 open letter makes NFA approval and registration voluntary nationwide for suppressors, SBRs, SBSs and AOWs. The market math: September's demand data, what actually moved on the P&L, and where the category goes next quarter.
DOJ's decision not to appeal the NFA suppressor ruling makes deregulation permanent. Here is what the market data says about demand, margin, and what FFL dealers should do this quarter.
August splits the market in two: adjusted firearms checks up 2.2 percent, NFA checks up 201.6 percent. Here is what the data says about FFL inventory, transfer revenue and the next 90 days.
Federal deregulation is colliding with state pushback while e-commerce consolidates — here's what the data says FFL dealers should do this quarter.