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First-time gun buyers projected to top 8M: Smith & Wesson
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Background checks, a metric for gun sales, are hitting an all-time high in 2020, and nearly half of the purchases being made this year are by first-time firearm owners, firearm manufacturer Smith & Wesson said Thursday.
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To date, nearly 8 million Americans have already decided to "exercise their Second Amendment rights for the first time," chief executive Mark Smith told analysts in an earnings call.
For their findings, the company cited data from the National Shooting Sports Foundation (NSSF), which estimated that 40% of the tens of thousands of firearm purchases in 2020 are coming from first-time owners.
Smith noted that these new purchases are further "broadening and diversifying" its consumer base and are an indicator of the long-term vitality of the industry as a whole.