BREAKING!! Colt suspends production of AR-15 for civilian market!!

Colt’s chief executive officer, Dennis Veilleux, says it is not permanently ending production but believes there is already an adequate supply of sporting ri...

Views: 55

Comment

You need to be a member of 12160 Social Network to add comments!

Join 12160 Social Network

Comment by Diana on September 21, 2019 at 10:11am

Colt Firearms will be ending its production and sales of its AR-15 rifles due to lack of public demand amid excess market capacity.

Second paragraph:

Colt released a statement on Thursday to clarify the decision, which was made because the company simply isn’t selling enough of the rifles in the civilian marketplace to continue devoting the resources into it — a pattern that may be attributed to Colt rifles’ $1,000+ price tag and a market supplied with lower priced competitors.

Nobody wants to pay a grand for a Colt AR-15 when you can get one from Palmetto State, DPMS, Anderson Manufacturing, and S&W for sub $500 depending on features, and all just as reliable and often more accurate.

Third paragraph:

Colt President and CEO Dennis Veilleux said, “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.”

The market is flooded with low-cost alternatives that Colt can’t compete with so they are pulling out of the game.

Fifth Paragraph:

“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,” he said.

Rather than lose money on the civilian market, they are putting all their resources into military contracts.

Sixth paragraph:

Veilleux doesn’t want customers to think the decision has any bearing on the company’s support of civilian customers or the Second Amendment.

Colt isn’t doing this for political reasons, just the money.

"Destroying the New World Order"

THANK YOU FOR SUPPORTING THE SITE!

mobile page

12160.info/m

12160 Administrators

 

TOP CONTENT THIS WEEK

Latest Activity

Chris of the family Masters commented on James Roberts's photo
Thumbnail

Mirror Test

"My dog does...."
5 minutes ago
Chris of the family Masters commented on James Roberts's photo
Thumbnail

How A Bill Becomes A Law

"Not even close. The 'bill' is a corporate rule applying only to the members of said…"
10 minutes ago
Chris of the family Masters favorited Central Scrutinizer's discussion The Bitch is Back...And Crazier than ever!!
13 minutes ago
Raz Putin favorited Central Scrutinizer's discussion The Bitch is Back...And Crazier than ever!!
16 minutes ago
James Roberts favorited Raz Putin's video
16 minutes ago
James Roberts favorited the mighty bull's video
18 minutes ago
Raz Putin favorited Mr. Sizzle's photo
19 minutes ago
Raz Putin commented on Raz Putin's photo
Thumbnail

Witch Hillary returns to haunt DC and the DNC

"Will $Hillary run for president? or get thrown in jail?!!!"
21 minutes ago
James Roberts favorited Raz Putin's photo
22 minutes ago
James Roberts favorited Mr. Sizzle's photo
22 minutes ago
James Roberts commented on Mr. Sizzle's photo
Thumbnail

The nose knows.

"Scat fetish?"
23 minutes ago
James Roberts favorited Mr. Sizzle's photo
23 minutes ago
James Roberts favorited Mr. Sizzle's photo
24 minutes ago
James Roberts favorited Mr. Sizzle's photo
24 minutes ago
James Roberts posted a status
29 minutes ago
Boris's 2 videos were featured
34 minutes ago

© 2019   Created by truth.   Powered by

Badges  |  Report an Issue  |  Terms of Service

content and site copyright 12160.info 2007-2019 - all rights reserved. unless otherwise noted