Claims that there are too many of them out there already.
Courtesy of the AP:
Gunmaker Colt says it is suspending its production of rifles for the civilian market including the popular AR-15.
Colt’s chief executive officer, Dennis Veilleux, says it is not permanently ending production but believes there is already an adequate supply of sporting rifles on the market. He said in a statement Thursday the company will concentrate on fulfilling military and law enforcement contracts with its rifle manufacturing.
The West Hartford, Connecticut-based company has received some criticism from gun rights advocates for moving away from the civilian market.
Veilleux said in the statement the company remains committed to the Second Amendment and is adapting to consumer demand.
I am not sure that I buy the whole market saturation claim. From what I have seen these weapons continue to sell at a brisk pace.
Yeah I think the consumer demand they are responding to is the demand that we stop selling military style weapons that can be used to slaughter children in their classrooms.
Curently gun maker Remington is fighting a lawsuit brought against them by the Sandy Hook families over the use of one of their weapons to murder school children.
Perhaps Colt simply saw the writing on the wall and realized that it was only a matter of time before they would find themselves in court fighting a lawsuit filed by grieving parents.
What we know is that they are not making this decision out of any sense of right and wrong or community support.
These people seem immune to the pain and suffering of the American people.
What they do respond to is the possiblity of lawsuits.