Colt Files for Bankruptcy (cost, compared, carry, money)
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It's to be expected that cheaper firearms, like cheaper cars, will provide competition to old time domestic manufacturers.
Colt's problems seem to hinge on it's previous elitist attitude and obsession with government contracts INSTEAD of innovating for individual consumer market. You can only ride on the 1911 derivatives for just so long before people start wondering why they're paying $400 dollars more for a .45acp than the competition who are fielding weapons that also deliver accuracy and reliability. Not everyone desires an heirloom as a weapon.
Comments on blog sites are frequently centered around lack of new products being available in gun stores and people desiring a weapon who contact the company directly getting the: "we're sorry, but we are not taking orders at this time".
Those things all taken in concert, would spell the demise of any company were they to become the norm rather than an anomaly. A positive name recognition will sustain sales for just so long until that name garners negative connotations associated with it, then the free fall will be spectacular.
This ^
Colt did themselves in by relying on government contracts instead of utilizing the innovation that made them what they are.
Why would a pay over a grand for a 1911, when I could buy a Glock for half the price that will hold 3 times as many rounds and be way more reliable.
Colt is one of the more expensive gun manufactures, yet even the guns they originally designed are far from the best out there.
I don't know much about gun sales. But gun ownership is declining.
Gun ownership is now back at the low point it reached in 2010: Only 32 percent of Americans own a firearm or live with someone who does, compared with about half the population in the late 1970s and early 1980s, according to the 2014 General Social Survey (GSS). The survey is a project of independent research organization NORC at the University of Chicago, with principal funding from the National Science Foundation.
The poll also found that 22 percent of Americans personally own a firearm, down from a high of 31 percent in 1985. The percentage of men who own a firearm is down from 50 percent in 1980 to 35 percent in 2014, while the number of women who own a gun has remained relatively steady since 1980, coming in at 12 percent in 2014.
If you say so. Think for a minute and tell me if someone is going to answer "yes" on a phone poll about firearms ownership. With the number of people who refuse the answer the Census question about owning a refrigerator?
If you say so. Think for a minute and tell me if someone is going to answer "yes" on a phone poll about firearms ownership. With the number of people who refuse the answer the Census question about owning a refrigerator?
It's not about me. Your thinking making zero sense. It's classic nonsense conservative think.
In order for your theory to be true, it'd have to be that people collectively were more willing in the past 1980's, 1990's, and the 2000's to admit owning guns then they are now.
Why would that be?
Yet gun ownership has been declining for decades.
Your theory has zero basis in reality.
Fewer Americans own guns this has been a trend that is decades old.
Not the domestic production. Only the division supplying military grade small arms to the military.
Colt Was speaking against the present administration and lost the contract to a French manufacturer.
Not the domestic production. Only the division supplying military grade small arms to the military.
Colt Was speaking against the present administration and lost the contract to a French manufacturer.
LOL. Let's not start with conspiracy theories. Colt lost the contract to Remington, but not because of something they said, but simply because the Army liked the Remington version of the M4. Colt protested, but those protests were denied. However, the bidding process was restarted, and this time FN (Belgian, not French) won the bidding. I'd say Remington got the short end of the stick. Colt lost because their version was inferior compared to the other manufacturers.
It's not about me. Your thinking making zero sense. It's classic nonsense conservative think.
In order for your theory to be true, it'd have to be that people collectively were more willing in the past 1980's, 1990's, and the 2000's to admit owning guns then they are now.
Why would that be?
Yet gun ownership has been declining for decades.
Your theory has zero basis in reality.
Fewer Americans own guns this has been a trend that is decades old.
You'll have to scroll down aways to chart going back to 1998 through 2012.
And why do you think people would be less willing to admit to owning firearms? Think now, why? Review prior statements about guns and those who own them you've made, including the cute little veiled insult you just aimed at me, and think.
Colt Defense, is the military grade side of the business.
Colt doesn't make drones, (the new warfare) and their defense side of the business is way down, with less military spending on small arms.
Springfield Arms has had the bulk of the military contract for small arms. The 30.06 round, was the round of choice for the US military for almost a decade.
I don't know much about gun sales. But gun ownership is declining.
Gun ownership is now back at the low point it reached in 2010: Only 32 percent of Americans own a firearm or live with someone who does, compared with about half the population in the late 1970s and early 1980s, according to the 2014 General Social Survey (GSS). The survey is a project of independent research organization NORC at the University of Chicago, with principal funding from the National Science Foundation.
The poll also found that 22 percent of Americans personally own a firearm, down from a high of 31 percent in 1985. The percentage of men who own a firearm is down from 50 percent in 1980 to 35 percent in 2014, while the number of women who own a gun has remained relatively steady since 1980, coming in at 12 percent in 2014.
The methodology of this survey shows they only asked about 1500 people of of a country of 320 million.
This survey in no way is an accurate reflection of gun ownership.
About the Survey
The analysis in this report is based on telephone interviews conducted February 13-18, 2013 among a national sample of 1,504 adults, 18 years of age or older, living in all 50 U.S. states and the District of Columbia (752 respondents were interviewed on a landline telephone, and 752 were interviewed on a cell phone, including 364 who had no landline telephone).
In addition to sampling error, one should bear in mind that question wording and practical difficulties in conducting surveys can introduce error or bias into the findings of opinion polls.
There is no definitive data source from the government or elsewhere on how many Americans own guns or how gun ownership rates have changed over time. Also, public opinion surveys provide conflicting results: Some show a decline in the number of households with guns, but another does not.
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Colt Files for Bankruptcy
