Colt USA & Canada Financial Woes??

mikethebike said:
Just like HK... Wait... Isn't HK near bankruptcy too? lol
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HK lost contracts for selling firearms in the US civilians sales to name a few reason right there, they have to circumvent German laws(a left of center political landscape with an army of anti firearm ownership peoples) They produced rifles and went to much greater lengths than most of there competition if not all to reach the civie market, look at what they had to do just to make civi versions of HK416.G36,UMP etc, they lead the charge with HK91(G3) variants and their pistol line says it all.

What was Colt Canada (diemacco) excuse again??? Birds chirping.

Was KAC selling to the public back in the early 2000's. yes I know the political climate was hostile to all manufactures that need mil contracts but lets keep things in perspective here.

Colt Canada wouldn't even allow the NRA sticker anywhere close to their factory for the most part, every tour of the plant that was given, if any of the quest asked about anyway a we could buy a rifle was meet with ridicule and hostility. So many CF I knew would echoed Colt Canada's anti-civi ownership bias. I witnessed this myself, It wasn't all the employees but it seem to a lopsided majority of them were.
 
Colt isn't going anywhere. Even if the current company goes under, it will just be bought out by someone else and the name will live on. Just the trademark and history is worth a lot of money.
 
Maybe they should adjust their price point within the civilian market to allow for more sales. They are pricing themselves out of the civilian market escpecially with the amount of AR manufacturers now.
 
mg4201 said:
Colt AR's sold at DD level prices would have the Canadian factory working three shifts.
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if a Colt Canada C7 rifle was 1400-1500$ yah I'd buy another AR, at this price and classification still too expensive for me, saving for an ACR instead.
Yes ill pay more to have a restricted rifle that i will have to pay another 1000$ for a match barrel 18.5 inch, thats how I roll baby.
 
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As it is essentially a national security asset, I wouldn't worry about Colt Canada...it would be nationalized in a heartbeat if necessary to ensure it continues to supply the CF.
 
Well, I could supply a business advice to Colt. Get AK and CZ/CSA licenses and build those. All AK imports from Russia have been halted yet there is a huge demand for them. Same for VZ-58. At a grand + price tag, they should make profit. All they have to do is loosen up a few bolts on their CNC machines to accomodate Russian machining tolerances and they're back in business.
 
ctcs said:
Probably didn't help when Colt lost the US Army contract for the 120,000 M4A1s to FN last year.

http://kitup.military.com/2013/02/army-awards-m4m4a1-contract-fn.html
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Yup. That'll smart!

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The low AR prices you see down in the US is not sustainable and it is not normal at all. It is happening because big guys like Freedom Group and Colt USA are taking close to a 50% hit in the gross profit due to drastic cut in volume. They are selling things at a price point just to pay for their fixed overhead costs. This is bad and it is an interim solution to downward adjusting capacity, ie, laying off people and closing some lines.

Unfortunately, Canadian manufacturers, who are in a much smaller scale, are forced to compete against big manufacturers who only care about to make enough to not lose money in the short term. It is a losing battle for Canadian manufacturers.

Obama was the best gun sale man for a year, but he wrecked the industry. The current low prices are nothing to celebrate - the manufacturers are suffering and it is the way to cope with the aftermath of a panic buy in the short term.

The industry will recover after some adjustment to the capacity and financial restructure, but the days of cheap AR won't last and it should not. Highly discounted products at the manufacturer level is a last ditch effort for companies to stay afloat in the short term. T

he general US economy is improving, but CDN dollar is staying weak while oil price is not expected to recover soon. The same US prices that you see right now are already 6 to 7 % more in CDN dollars than in the beginning of the year. US prices will rise back and we will continue pay more due to weak CDN dollars.
 
infidel29 said:
I wouldnt buy a restricted rifle if they were giving them away and paying me to take them. In Canada, they're 99% useless.
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Depends what you do with them, I spend 85% of my shooting time at the range, 10% in the bush and 5% in the USA. so that means that 90% of the time I'm shooting my restricted firearms.
It is actually far better for me to cross the border and go shoot targets in the forest in Washington state with my American buddies than go shooting in the bush on crownland.
 
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