Gun sales are dropping, says CNN/Money

Gun sales are dropping, says CNN/Money

Sales of guns and ammo are losing steam after a frenzied run-up sparked by fears of greater restrictions in the wake of the Newtown shooting and other massacres.

Background checks by the Federal Bureau of Investigation, considered to be the most accurate means of tracking gun sales, plunged by a third in January compared to the year before. There were about 1.66 million background checks last month, and nearly 2.5 million in January the year before.

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