Colt to Stop Producing AR-15 Rifles for Civilian Use
Popular gun manufacturer Colt is suspending production of AR-15 rifles for civilian use, as the left continuously calls for the guns to be removed from the market and confiscated from their owners.
Colt’s president and chief executive, Dennis Veilleux, wrote in a statement that they believe there are already enough AR-15s on the market to meet demand for the foreseeable future.
“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,” the statement read.
The Connecticut-based company will continue making the weapons for the military and law enforcement.
“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,” Veilleux’s statement continued.
The company claims that they remain committed to the Second Amendment, but they “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,” Veilleux said.
Democrat presidential candidate Beto O’Rourke has repeatedly claimed that he will confiscate AR-15s from American gun owners.
According to a report from NBC News, one of out of every five firearms purchased in this country is an AR-style rifle, according to a NSSF estimate. Americans now own an estimated 15 million AR-15s, gun groups say.