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Venerable gun manufacturer Colt says it will stop producing the AR-15, among other rifles, for the consumer market in the wake of many recent mass shootings in which suspects used the weapon.
"At the end of the day, we believe it is good sense to follow consumer demand and to adjust as market dynamics change," Dennis Veilleux, president and CEO of Colt, said in a statement. "Colt has been a stout supporter of the Second Amendment for over 180 years, remains so, and will continue to provide its customers with the finest quality firearms in the world."
The company did not mention mass shootings in its statement about stopping production and instead blamed the indefinite pause in making the weapon on a "significant excess manufacturing capacity."
originally posted by: Metallicus
a reply to: TheRepublicOfCanada
There are plenty of other companies that make the AR-15 style rifle and I will happily buy mine from one of them. Also, if Colt wants to abandon its customer base then we should abandon them as well.
Company Response to Questions about Colt Participation in Consumer Markets
WEST HARTFORD, Conn. (September 19th, 2019) – There have been numerous articles recently published about Colt’s participation in the commercial rifle market. Some of these articles have incorrectly stated or implied that Colt is not committed to the consumer market. We want to assure you that Colt is committed to the Second Amendment, highly values its customers and continues to manufacture the world’s finest quality firearms for the consumer market.
The fact of the matter is that over the last few years, the market for modern sporting rifles has experienced significant excess manufacturing capacity. Given this level of manufacturing capacity, we believe there is adequate supply for modern sporting rifles for the foreseeable future.
On the other hand, our warfighters and law enforcement personnel continue to demand Colt rifles and we are fortunate enough to have been awarded significant military and law enforcement contracts. Currently, these high-volume contracts are absorbing all of Colt’s manufacturing capacity for rifles. Colt’s commitment to the consumer markets, however, is unwavering. We continue to expand our network of dealers across the country and to supply them with expanding lines of the finest quality 1911s and revolvers.
At the end of the day, we believe it is good sense to follow consumer demand and to adjust as market dynamics change. Colt has been a stout supporter of the Second Amendment for over 180 years, remains so, and will continue to provide its customers with the finest quality firearms in the world.
Very respectfully,
Dennis Veilleux, President and Chief Executive Officer
these high-volume contracts are absorbing all of Colt’s manufacturing capacity for rifles.
originally posted by: TheRepublicOfCanada
originally posted by: Metallicus
a reply to: TheRepublicOfCanada
There are plenty of other companies that make the AR-15 style rifle and I will happily buy mine from one of them. Also, if Colt wants to abandon its customer base then we should abandon them as well.
Which makes this move by Colt all the more silly. Actively walking away from profit and revenue when there aren't even waves of massive protests against the AR-15 (even if there were) is bizarre.
originally posted by: Nickn3
I missed the part where a Colt AR~15 was used in any mass shooting. I think they are bending to the public pressure of the liberal media...
originally posted by: Metallicus
a reply to: TheRepublicOfCanada
There are plenty of other companies that make the AR-15 style rifle and I will happily buy mine from one of them. Also, if Colt wants to abandon its customer base then we should abandon them as well.
originally posted by: Generation9
a reply to: TheRepublicOfCanada
Oh my gosh. Losers. They must be experiencing a decline in sales. There are so many AR types out there to choose from. Colt must be losing in that particular market. M4 will be rising in price.