Breaking News: Ammo Prices Set to Surge in Third Big Increase This Year
Author: Jack Collins | Publish Date: Jun 13, 2024
We’ve received some intel from our insiders in the ammo industry. Mere months after the price of 9mm spiked in April, the ammunition industry is seeing prices skyrocketing across the board. Here’s our exclusive story.
Breaking: Ammo Prices Set to Surge in Third Big Increase This Year
They say a rising tide lifts all boats. In this case, the boats are ammo prices. We’ve received word from insiders saying that due to the rising cost of materials, ammo will be getting more expensive soon.
On July 1, 2024, brands owned by the Kinetic Group (the new rebranded Vista Outdoor) will see price increases between 2% and 4%.
- Rifle Ammo: 0-4% increase.
- Shotgun Shells: 0-4% increase.
- Handgun Ammo: 0-4% increase.
- Rimfire: 0-2% increase.
- Primers: 0-4% increase.
Specific brands include CCI, Federal, Hevi-Shot, Remington, and Speer ammo. If you’re a regular reader you know I’m a big fan of Federal ammo, so this is definitely a huge bummer.
The letter Southern Defense received from the VP of Sales for the Kinetic Group.
The Big Picture
This will be the third significant ammo price increase of 2024. Back in April, we reported that the price of 9mm would increase substantially.
But we’ve seen ammo prices shooting up steadily since 2022. Back in December, for example, we broke the news that the price of most cartridges would increase by 1-7%.
One has to wonder, then, if the steadily rising price of ammo is part of a “new normal” for gun owners.
Several factors are contributing to that new paradigm. First, people haven’t really stopped panic buying ammo since the COVID pandemic. Election years (like 2024) usually see a spike in ammo prices, too. And of course, conflicts in places like Ukraine and the Middle East are demanding resources like powder that’s necessary to produce ammunition.
This stings especially hard if you live in Colorado like I do. Colorado lawmakers approved a 9% tax on guns and ammo this year. That means between market forces and new taxes, Coloradans are paying close to 25% more for ammo than they were a year ago.
There is a silver lining to all this, though. These price increases are coming because ammo companies are keeping their manufacturing facilities in the US instead of outsourcing them.
Who knows, at this rate it may become economical to actually shoot my AK-47s again.