True.You can't ignore the supply change that was caused by the covid shutdowns. Before demand skyrocketed, there was a backlog due to supply chain being shutdown...I am not sure if supply would have caught up even without the increase in demand.
Toss in the record breaking demand...prices are going to be insane for a while. All that said, fishing sounds good and i'll be shooting my bow more than my rifle this year.
I work for a major manufacturer in the industry and zero issues with Covid. Didn't miss a minute of manufacturing at the level of production before Covid and has since hired hundreds of employees and greatly increased production. Maybe some were because of outbreaks or something in their facilities but nothing that would cause even a percent of the backlogs currently on the books.True.
Does anyone know if guns and ammo manufactures were affected in shutdowns? I know that the store I work for was able to keep running at full capacity because we sold guns.
Recently I have seen letters to retailers saying that their cost is going up 5-15% due to manufacturing costs. I'm assuming that running their factories at full capacity 24x7 creates additional cost for employees and equipment.
I have a buddy that works for Hornady. Covid ran through their plant in Grand Island but I don't believe they ever had to close the doors completely.True.
Does anyone know if guns and ammo manufactures were affected in shutdowns? I know that the store I work for was able to keep running at full capacity because we sold guns.
"Used to be cheap" is the key phrase there man. Also, cheap is relative.I'm pretty disappointed with MidwayUSA right now...they appear to be gouging big time.
Case in point: 280 AI Nosler Trophy Grade Long Range 150gr ABLR
Nosler MSRP: $75.10
MidwayUSA: $85.99
LGS yesterday: $66.99
Nosler - Worlds Finest Bullets, Ammunition, Rifles & Brass
Nosler, the world's finest bullets, ammunition, rifles, & brass. We manufacture Partition, AccuBond, E-Tip, Ballistic Tip, Custom Competition and much more.shop.nosler.com
Nosler Trophy Grade 280 Remington Ackley Improved 40-Degree Shoulder
Nosler Trophy Grade ammunition is high quality, production-run ammunition manufactured to strict tolerances and inspected as it is hand-packaged. Trophy...www.midwayusa.com
CoreLokt ammo, which used to be cheap, is bordering $50 at MidwayUSA...
I picked up 5 boxes of 30-06 core lokt back in the summer for $15.99, looking back I should have bought the other 5 boxes.I'm pretty disappointed with MidwayUSA right now...they appear to be gouging big time.
Case in point: 280 AI Nosler Trophy Grade Long Range 150gr ABLR
Nosler MSRP: $75.10
MidwayUSA: $85.99
LGS yesterday: $66.99
Nosler - Worlds Finest Bullets, Ammunition, Rifles & Brass
Nosler, the world's finest bullets, ammunition, rifles, & brass. We manufacture Partition, AccuBond, E-Tip, Ballistic Tip, Custom Competition and much more.shop.nosler.com
Nosler Trophy Grade 280 Remington Ackley Improved 40-Degree Shoulder
Nosler Trophy Grade ammunition is high quality, production-run ammunition manufactured to strict tolerances and inspected as it is hand-packaged. Trophy...www.midwayusa.com
CoreLokt ammo, which used to be cheap, is bordering $50 at MidwayUSA...
So vote with your dollars and buy from LGS or the dreaded (gasp) GunBroker.I'm pretty disappointed with MidwayUSA right now...they appear to be gouging big time.
Case in point: 280 AI Nosler Trophy Grade Long Range 150gr ABLR
Nosler MSRP: $75.10
MidwayUSA: $85.99
LGS yesterday: $66.99
Nosler - Worlds Finest Bullets, Ammunition, Rifles & Brass
Nosler, the world's finest bullets, ammunition, rifles, & brass. We manufacture Partition, AccuBond, E-Tip, Ballistic Tip, Custom Competition and much more.shop.nosler.com
Nosler Trophy Grade 280 Remington Ackley Improved 40-Degree Shoulder
Nosler Trophy Grade ammunition is high quality, production-run ammunition manufactured to strict tolerances and inspected as it is hand-packaged. Trophy...www.midwayusa.com
CoreLokt ammo, which used to be cheap, is bordering $50 at MidwayUSA...
I texted this to a friend the other day.People believe in freedom, but complain how it works in real life. Its supply and demand, driven by increased gun ownership and hoarding.
Sometimes it's true...why are business raising prices just because demand is up? Geez, businesses are just greedy and like to take your money.
This is what is happening. It will never be equal across the board due to varying factors but in the 6 months every store will have raised their prices.If it were purely supply and demand, then the manufacturer would be pushing the price increase to their distributors, and it would be reflected pretty well across all sellers. That doesn't appear to be what is happening with MidwayUSA.
If they simply matched MSRP, I wouldn't have an issue.
If the manufacturer upped MSRP, I wouldn't have an issue.
I've written to MidwayUSA to let them know how I feel about it...I'll be buying elsewhere.
You're assuming that the actual equilibrium price (the point at which quantity supplied equals quantity demanded) is below MSRP. If sales on GB are any evidence, the actual equilibrium price is much higher. If you want ammo to actually sit available on the shelves, you need retailers to charge a price high enough to drive quantity demanded down below it's current levels and high enough to eliminate the profit margins available on the secondary market.If it were purely supply and demand, then the manufacturer would be pushing the price increase to their distributors, and it would be reflected pretty well across all sellers. That doesn't appear to be what is happening with MidwayUSA.
If they simply matched MSRP, I wouldn't have an issue.
If the manufacturer upped MSRP, I wouldn't have an issue.
I've written to MidwayUSA to let them know how I feel about it...I'll be buying elsewhere.
If demand out weighs supply, then businesses should raise their pricing. There is no way around this. Period.Sometimes it's true...
Did you miss the part where I said "I will be buying elsewhere"?...lolIf demand out weighs supply, then businesses should raise their pricing. There is no way around this. Period.
If the pricing is to high at one store, go buy it from another. Participate equally as much in a free market.
This is simply supply and demand. Period.
Your acting as if everything that is on the shelf was ordered yesterday. Some companies are going to increase their pricing early, some will wait until their costs increases. The only way to slow demand is to raise pricing. So, in a free market a business should raise their pricing as demand increases regardless of costs. Cheap items, high demand creates scarcity.Did you miss the part where I said "I will be buying elsewhere"?...lol
And I disagree, to a certain extent, that is it purely supply and demand.
My LGS owner is a friend...with all the craziness these past few years, he has never once raised prices beyond MSRP. It's a choice...