"Connecticut-based Colt Firearms last week reportedly signaled they are exiting the consumer rifle market in coming days..."
https://www.guns.com/news/2019/09/16/colt-reportedly-to-stop-making-rifles-for-consumer-market
(From another publication)
"Colt moving away from selling ARs to civilians isn’t a sign that the company wants to stop selling guns to civilians altogether, however. Instead, the company will ramp up sales of pistols and revolvers, including its 1911 models, Cobra, King Cobra, and Single Action Army collectible series.
In a statement to NRA’s Shooting Illustrated, Colt’s senior vice president for commercial business, Paul Spitale, said that the civilian AR production cut was based on consumer feedback and a close analysis of the market’s ebbs and flows.
According to Spitale, rifles aren’t heavily favored by the civilian market, resulting in lower profit margins for Colt while the company continues to go full steam on producing rifles to fulfill outstanding military and law enforcement contracts.
The move away from the civilian market isn’t permanent, Spitale says, noting that the company would be willing to make a return to building and selling rifles to retail customers should the demand return and profit projections increase."
https://www.militarytimes.com/off-d...tedly-out-of-the-civilian-rifle-game-for-now/
https://www.guns.com/news/2019/09/16/colt-reportedly-to-stop-making-rifles-for-consumer-market
(From another publication)
"Colt moving away from selling ARs to civilians isn’t a sign that the company wants to stop selling guns to civilians altogether, however. Instead, the company will ramp up sales of pistols and revolvers, including its 1911 models, Cobra, King Cobra, and Single Action Army collectible series.
In a statement to NRA’s Shooting Illustrated, Colt’s senior vice president for commercial business, Paul Spitale, said that the civilian AR production cut was based on consumer feedback and a close analysis of the market’s ebbs and flows.
According to Spitale, rifles aren’t heavily favored by the civilian market, resulting in lower profit margins for Colt while the company continues to go full steam on producing rifles to fulfill outstanding military and law enforcement contracts.
The move away from the civilian market isn’t permanent, Spitale says, noting that the company would be willing to make a return to building and selling rifles to retail customers should the demand return and profit projections increase."
https://www.militarytimes.com/off-d...tedly-out-of-the-civilian-rifle-game-for-now/
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