Via press release from Colt Manufacturing:
We want to assure you that Colt is committed to the Second Amendment, highly values its customers and continues to manufacture the world’s finest quality firearms for the consumer market. The fact of the matter is that over the last few years, the market for modern sporting rifles has experienced significant excess manufacturing capacity. Given this level of manufacturing capacity, we believe there is adequate supply for modern sporting rifles for the foreseeable future.
On the other hand, our warfighters and law enforcement personnel continue to demand Colt rifles and we are fortunate enough to have been awarded significant military and law enforcement contracts. Currently, these high-volume contracts are absorbing all of Colt’s manufacturing capacity for rifles. Colt’s commitment to the consumer markets, however, is unwavering. We continue to expand our network of dealers across the country and to supply them with expanding lines of the finest quality 1911s and revolvers.
At the end of the day, we believe it is good sense to follow consumer demand and to adjust as market dynamics change. Colt has been a stout supporter of the Second Amendment for over 180 years, remains so, and will continue to provide its customers with the finest quality firearms in the world.
As you can below, anti-gun activists are reading this news very differently.
BREAKING: Colt Firearms is ending its production and sales of its AR-15 rifles due to lack of public demand.
— Shannon Watts (@shannonrwatts) September 19, 2019
You all. The firearm manufacturer, Colt is ending production of AR-15s due to lack of demand. This is real life. We’re winning. https://t.co/iB19k1VUR4
— March For Our Lives (@AMarch4OurLives) September 19, 2019
Peace will win
Justice will win
Tolerance will win
Love will win
Freedom will win
Hope will win
Truth will win
The Americans who agree as Americans we should value love and tolerance NOT hatered and violence
— David Hogg (@davidhogg111) September 19, 2019