Posted on 07/17/2020 10:55:22 AM PDT by PROCON
What caused the company to change its mind?
Colt Manufacturing Company has begun to sell its popular AR-15 modern sporting rifle to civilians again. In June, the company did a complete 180-degree turn after it had exited the civilian market for modern sporting rifles last September.
At that time, the company announced via a statement from its president and CEO Dennis Veilleux, “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.”
However, Colt Manufacturing, which was founded by Samuel Colt in 1855 and remains the consumer-facing brand, also reaffirmed at the time that Colt Defense would be committed to the production for the military and law enforcement market.
“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,” Veilleux added. “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.”
Colt’s sudden exit from the market last year came as firearms sales had slumped, while the AR-15—which Colt didn’t actually design but bought the rights to produce from Armalite in the 1960s—had been in the spotlight after several high profile mass shootings. Even as Colt had set the standard for excellence, it had also become a highly competitive market with plenty of options for consumers.
(Excerpt) Read more at nationalinterest.org ...
~~~SNIP~~~
The company re-entered quickly and has subsequently shipped more than 2,000 Colt LE6920S to commercial firearms retailers to meet some of the demand. Samuel Colt, who was always far more of a businessman than actual gun designer, is likely looking down and smiling!
Yet AR's are still scarce and premium priced in many markets.
Demand is really going up, too much money to be made.
What caused the company to change its mind?
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
Could it be the biggest rise in gun sales in history?
This Ping List is for all things pertaining to infringes upon or victories for the 2nd Amendment.
FReepmail me if you want to be added to or deleted from the list.
More 2nd Amendment related articles on FR's Bang List.
Without ammo rifle is useless. There is no ammo.
People quit buying Colt overall because the company went “Woke”
They pissed on and off their market. This is essentially bringing back old Coke when New Coke flopped.
After years of being gun salesman of the year, Obama is bumped off his throne by the coronavirus.
“There is no ammo.”
Beg to differ my friend. Just picked up 360 rounds of 5.56 this morning at my local Acadamy sports.
The Chicom Cooties increased sales some, but the real takeoff in sales occurred thanks to the Antifags and Burning Looting Mobs.
I have lots.
Be Prepared
If the article is about AR-15’s why is there a picture of a 22 caliber rifle up top?
Same here. My academy is seeing more and more .45, 7.62x39, and 6.5 creed
Does it come in the 50 caliber fully automatic with a high magazine clip version?
Ask for a friend at cnn.
Yeah regular shipments 3 times a week they told me. Just a good idea to get there early as possible. A little pricey however.
[Without ammo rifle is useless. There is no ammo.]
“why is there a picture of a 22 caliber rifle up top?”
Because most media knuckleheads are completely ignorant when it comes to weapons. And or they don’t care about the accuracy of their reporting.
“If the article is about AR-15’s why is there a picture of a 22 caliber rifle up top?”
Well, maybe the depicted model is chambered in .22LR. It sure as hell is not chambered for .223 or 5.56mm.
Nope. That's an AR-16 you're thinking about right there.
I have to laugh a little - certain firearms manufacturers have been a little slow on the market uptake for a long time now - no names, of course (coughcoughSmithAndWessoncoughcough) - and have managed to seize bankruptcy from the jaws of plenty in a booming (sorry) market. Colt only recently decided that maybe revolvers that are currently demanding four figures on the used market might be worth making again. Good call, fellas.
The media thinks they come in 50 caliber and can fire a thousand round a minute.
Yep. I keep three 30 round mags topped off, and more in my ammo crate.
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.