It had to happen sooner or later. With demand dropping, and manufacturing at an all time high, sooner or later the bottom had to drop out of the AR-15 market.
Instead of people buying AR-15s as soon as they are on the shelf, I am seeing rifles staying in stores 2, 3 even 4 days before they are selling.
In addition to staying on the shelf, I am seeing multiple rifles in stock at the same time. The local walmart had 2 colts and 1 bushmaster in stock over the course of a weekend.
I hope prices bottom out over the next few months so I can pick up another couple AR-15s.
Last Friday (June 21, 2013) I dropped by pawn shop here in Jasper Texas. I acted like I was interested in buying, but what I really wanted was information on what other people were buying. According to the nice lady at the pawn shop ARs were not moving like what they were a couple of months ago.
No wonder the rifles were not moving, why should I buy a basic Bushmaster from the pawn shop for $1,100, when I can buy a Colt 6920 with Magpul furniture from wal-mart for $1,170?
The pawnshop had a bunch of 30 round AR-15 magazines starting at $25.
Why should I buy an aluminum magazine for $25, when I can get brand new aluminum magazines off the internet for $10 – $12. Pmags have been available for $13 – $16 for the past month.
Hopefully the price gouging market will crash and burn.
I also hope buyers are educating themselves on what the rifles are actually worth. Just because someone ask $1,100 for a Bushmaster does not mean a Bushmaster is the same quality as a Colt, LMT, Bravo Company, Daniel Defense or Palmetto State Armory.
To go along with AR-15 prices, AK-47 prices seem to be coming down. A few days ago someone on my facebook feed posted a link to Zastava PAP M70 that was on sale. The starting price was $899, sale price was $599. $300 drop in price for a new AK-47 is a good sign.
Because the majority of AK-47s on the market are imported it might take a little longer for prices to drop then AR-15 prices.
If you are in the market for an AR-15 or AK-47, pay attention to prices. The time to buy may be just around the corner.