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Is COLT Firearms going under?

Discussion in 'The Okie Corral' started by BriGuy618, Mar 11, 2010.

  1. BriGuy618

    BriGuy618

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    Last week, I purchased a COLT Government Model XSE 1911 and I was told that COLT is likely to go under as they've lost out on the U.S. Government contract that has kept them afloat for the last several decades. It has been argued that COLT has one of the worst marketing departments in the industry (I mean, when was the last time you saw an advertisement for COLT in a reputable magazine?), despite having a tradition of quality, attention-to-detail, and innovation in their products.

    I'm interested to know your opinions, insights and predictions for the future of COLT Firearms.

    I think it would be a shame, if they do indeed go under, but as for my 1911, it will remain preserved in original, unfired condition as it will surely increase in value as a collectors piece in the event the company does fold.

    Please, feel free to unload here!
     
    Last edited: Mar 11, 2010
  2. JuneyBooney

    JuneyBooney

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    Thar rumor has been around for years.
     

  3. tbhracing

    tbhracing Senior Member

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    First- You posted this in the wrong section of GT.

    Second- I am not an Expert on Colt, firearms or marketing. BUT- I think Colt should grab the AR market, specialize in it and dominate. (If they already are, its not obvious to me as a Consumer)
     
    Last edited: Mar 11, 2010
  4. walt cowan

    walt cowan

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    if sam could come back today and see what they have done, he would shoot them all.
     
  5. scottlang

    scottlang Millennium Member

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    Back in 1990 I bouht a top of the line Gold Cup, it was trash. I had to send it back several times. I eventually traded it for a kimber.
     
  6. BriGuy618

    BriGuy618

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  7. 23skidoo

    23skidoo Deceased

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    The biggest reason for the many near collapses of Colt has been their refusal to get a handle on their quality control.
     
  8. hatidua

    hatidua

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    My last three Colt's have been problematic. I've moved on and if they fold, it won't bother me in the least.
     
  9. walt cowan

    walt cowan

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    damm, what a shame. i looked at a few saa's in the late 80's and found the same thing. cant belive the prices they put on their crap today. :steamed:
     
  10. michael88

    michael88

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    you really are the thread nazi arent you.
     
  11. automan

    automan

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  12. coverdog

    coverdog Platinum Member

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  13. wrenrj1

    wrenrj1

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    Quitting the making of (Non-Cowboy) revolvers was not a good business move IMHO, but I'll just watch the value of my Colt snubbys increase.
     
  14. HerrGlock

    HerrGlock Scouts Out CLM

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    I don't believe I've ever owned a Colt so I'm probably contributing to the demise.
     
  15. Psychman

    Psychman NRA Patriot Life Member

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    I love my Colt 1911 WW1 re-issue. Great gun and no problems with it. Colt isn't going anywhere.
     
  16. HerrGlock

    HerrGlock Scouts Out CLM

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    Last time they were in bankruptcy was 1992. They have a sole source for m-4 carbines for the military until 2010, so I'm not sure they're in financial trouble right now. Yeah, they subcontract but they still get a piece of every one that goes out.
     
  17. groovyash

    groovyash

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    Short answer...and it's a common one..is your gunstore guy is an idiot.

    First and foremost Colt Defense (who makes the M4 for .gov and LE) and Colt's Mfg. (who makes the 1911 you just bought) are separate entities. The Gov contract has not "kept them (Colt's Mfg.) afloat" as it has nothing to do with that company.

    Secondly, even without the M4 contract, which will get renewed in one form or another. Colt Defense sells 6920s hand over fist in LE and Civ sales, and will continue to do so. Even if there were a connection between the two companies the sales other than for the gov M4 are a profit maker.

    Thirdly as for solvency, Colt's Mfg. has been financially solvent for quite some time now. Despite the emotional attachment their choice to narrow their product line was a sound financial one, as it cut overhead and has them producing only the pistols that they can make a significant profit on. Although I too would like to see a return of their DA revolvers in the current economy expanding your production line to make a product with a smaller profit margin than your current offerings just doesn't make much sense. Hopefully some day they will make a return.

    Lastly yes, their QC in the late 80s and 90s was frequently abysmal. Production guns from the last decade however are very nicely done, and their specialty offerings are just fantastic (WW1 repro for instance)
     
  18. paul45

    paul45

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    Oh yeah....it's true!

    Also "I was told" Smith and Wesson has already purchased Glock!!
     
    Last edited: Mar 11, 2010
  19. Screaming .357G

    Screaming .357G 598ci big block

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  20. faawrenchbndr

    faawrenchbndr CLM

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    [​IMG]