Popped up on my feed. If true, I be it wasn't really their choice.

From their website...

Published 09/19/2019
Company Response to Questions about Colt Participation in Consumer Markets


WEST HARTFORD, Conn. (September 19th, 2019) – There have been numerous articles recently published about Colt’s participation in the commercial rifle market. Some of these articles have incorrectly stated or implied that Colt is not committed to the consumer market. 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.


Very respectfully,

Dennis Veilleux, President and Chief Executive Officer

Years back they exited the handgun market for the same reasons

When one falls it starts a domino effect . And you can bet government is involved ,Beginning to see Trump as a trojan horse ,The next step may be ammo that works in certain firearms maybe a shortage but one thing we do know is even the postal service stocked up on weapons and ammo during Obama times along with about every agency out there . Maybe the Blue helmets will be involved some how in confiscation procedure . Hows that for a conspiracy theory

makes it hard to sell any product when your competitions QA is as high or higher than yours and is under cutting your price

so for now they will sell to entities shopping on other peoples money and focus on the products selling at a much higher margin.

colt has been in and out of financial trouble for decades.

Yep, it appears to be a business decision, at the moment. You can bet, if there was more money in the consumer markets, they would be there. Colt has NOTHING to gain touting any anti-2nd rhetoric. Some of you folks have a really warped idea of what's real and not. lol

Oh no I won't be able to sleep at night. If one gun maker stops production the ones that are already out there will self destruct !!! Poof

who cares . Let them make paper clips,

LOL

They turned their backs on the consumers 20 years ago. How could anyone possibly believe it's just "a business decision"?

I was thinking this same thing. Anytime someone asks me what about a colt i generally say about 300 bucks of that price is the name stamped on the side. You can get better for less money. Heck even when i was in the infantry the FN rifles were more sought after than the 4 moa colts, at least by anyone that could shoot accurately.