Gun sales on the decline

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, dropped to about 1.66 million in January, compared to nearly 2.5 million in the same month a year earlier, according to CNNMoney.

"Retail inventories, which had been in short supply last spring, have largely returned to normal now," wrote Rommel Dionisio, a gun industry analyst for Wedbush, in a recent report. "Monthly comparisons have recently turned sharply negative, a trend we expect to last through at least May or June 2014."

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