Colt Ends AR-15 Production for Civilian Use

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.”

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