Gun-maker Colt is suspending its production of rifles for the civilian market including the popular AR-15, the company said Thursday in a shift it attributed to changes in consumer demand and a market already saturated with similar weapons. . .
“The fact of the matter is that over the last few years, the market for modern sporting rifles has experienced significant excess manufacturing capacity,” Colt’s chief executive officer, Dennis Veilleux, said in a written statement. “Given this level of manufacturing capacity, we believe there is adequate supply for modern sporting rifles for the foreseeable future.” . . .
FBI statistics show more than 2.3 million people applied for background checks to purchase guns in August, up from just over 1.8 million in July. Those applications, the best available statistic from tracking gun sales, has have been rising steadily, with a slight decline after Donald Trump was elected president in 2016, something call the “Trump slump.”
— Beto O'Rourke (@BetoORourke) September 19, 2019
NEWS: #Colt will stop making AR-15 for consumer market, saying demand for the rifle is waning and there's too much supply on the market to justify making more. https://t.co/g5gPb7vES4 pic.twitter.com/babo2fTWjv
— 93 WIBC Indianapolis (@93wibc) September 19, 2019
Out: Comply with changes to the law
In: Capitulate to mobs terrorizing every vendor you've built a relationship with over the past century
This is going to be a great new normal for the country, especially when conservatives reciprocate and escalate! 🙃 https://t.co/H6lJqWmNiw
— Breitbart News (@BreitbartNews) September 19, 2019
Possibly even of the year… pic.twitter.com/ESnA4Qur93
— NRA (@NRA) September 19, 2019
(Read more from “Colt Ends AR-15 Production for Civilian Use” HERE)