Colt is in Trouble

This forum is for the discussion of outdoor activities, other than trail rides

Moderator: Staff

Colt is in Trouble

Postby Hack » Mon Nov 17, 2014 11:36 am

Mario

Daily Driver: 1995 Trooper Limited, Auto, 3.2L DOHC, Rear LSD, HD Torsion Bars, Moog Cc812s, Cooper Discoverer A/T3 245/70-16
Trail Truck: 2001 Amigo, Auto, 3.2L, Rear LSD, Front Aussie Locker, DOR Drop Dif, HD Torsion Bars, OME 912s, BFG M/T KA2 33x10.5R15
RIP: 1988 Troop 2.6L 5spd. Burnt valve(s). Damaged frame. Parted out. Sent to crusher.
RIP: 1998 4WD Rodeo, Auto, 3.2L -- Ruined by Daughter #1 with Russian assistance. Parted out. Sent to crusher.
RIP: 1989 Troop 2.6L 5spd --- Stripped of all good parts. Body and rotted frame sent to the crusher.
RIP: 1999 2WD Amigo, Auto, 3.2L -- Engine blown and body damaged by Daughter #2. Parted out. Sent to crusher.
User avatar
Hack
I am the Stig
 
Posts: 4560
Joined: Tue Jul 12, 2005 9:08 am
Location: Severn, MD
Has thanked: 7 times
Have thanks: 130 times

Sponsor
 

Re: Colt is in Trouble

Postby squatch » Mon Nov 17, 2014 12:14 pm

Colts main reason for existance these days is government contracts. More concerning to me is Rugar and S+W losing money. Of course after recent surges I expected to see sales drop off. Same will probably happen to ammo sales once they get caught up.
These links have write-ups and pics of most anything you ever will do on a 2.6 Isuzu. Engine, brakes, suspension, interior, you name it! Enjoy!
Original '88 Trooper frame off build.
viewtopic.php?t=12172
The continuing Trooper project.
viewtopic.php?f=15&t=43909
My '88 Spacecab build. In progress.
viewtopic.php?f=15&t=56442
User avatar
squatch
I am the Stig
 
Posts: 10318
Joined: Sat Dec 16, 2006 10:48 pm
Location: Maryland
Has thanked: 66 times
Have thanks: 328 times

Re: Colt is in Trouble

Postby Hack » Mon Nov 17, 2014 12:32 pm

Yep. Same thing happened in the computer industry after Y2K. Firms geared up and mistakenly projected that the increase would last forever.
Mario

Daily Driver: 1995 Trooper Limited, Auto, 3.2L DOHC, Rear LSD, HD Torsion Bars, Moog Cc812s, Cooper Discoverer A/T3 245/70-16
Trail Truck: 2001 Amigo, Auto, 3.2L, Rear LSD, Front Aussie Locker, DOR Drop Dif, HD Torsion Bars, OME 912s, BFG M/T KA2 33x10.5R15
RIP: 1988 Troop 2.6L 5spd. Burnt valve(s). Damaged frame. Parted out. Sent to crusher.
RIP: 1998 4WD Rodeo, Auto, 3.2L -- Ruined by Daughter #1 with Russian assistance. Parted out. Sent to crusher.
RIP: 1989 Troop 2.6L 5spd --- Stripped of all good parts. Body and rotted frame sent to the crusher.
RIP: 1999 2WD Amigo, Auto, 3.2L -- Engine blown and body damaged by Daughter #2. Parted out. Sent to crusher.
User avatar
Hack
I am the Stig
 
Posts: 4560
Joined: Tue Jul 12, 2005 9:08 am
Location: Severn, MD
Has thanked: 7 times
Have thanks: 130 times

Re: Colt is in Trouble

Postby Sags » Mon Nov 17, 2014 11:09 pm

squatch wrote:Colts main reason for existance these days is government contracts.


Yup, and they lost their M4/M-16 contract to FN last year, hence the reason they are floundering.

Bottom line is Colt basically ignored the civilian market for many, many years. Sure they make a couple nice AR-15 models, but so do about a hundred other companies now, many with equal or better quality for less $$.

There are a lot of things Colt could/should have done. They could start making DA revolvers again (If they made the Python again, it would sell like crazy... everybody wants one.) They could get serious about 1911s again, they could do something to set their ARs apart etc.

It seems the powers that be at Colt where more then happy to just sit on their golden egg military contracts, and now that FN yanked that out from under them they are lost. I would be sad to see them disappear, but they've pretty much brought it on themselves.

squatch wrote:More concerning to me is Rugar and S+W losing money.


I know that everyone's sales have dropped from the panic buying highs of 2013, but I hadn't heard that they where losing money... I'll have to look into that. The only other gun company (besides Colt) that I know of that is in serious trouble right now is H&K.
'99 Rodeo 3.2L LS 4wd, 5 speed, 265/75 r16s and 3" lift.
User avatar
Sags
Zu Royalty
 
Posts: 1543
Joined: Sat Jan 24, 2009 3:34 am
Location: Fairbanks, AK
Has thanked: 5 times
Have thanks: 42 times

Re: Colt is in Trouble

Postby wmorrisiii » Wed Nov 19, 2014 2:55 pm

Uh Oh, my 1911 is up there in their custom shop. Time to call.

How the hell did they get in trouble, they are an American institution.
Willie's 1990 Trooper LS, 2.8L
The Duck Marsh Debutante

Willie's 1987 Trooper LS, 2.3L
The Coonhound
wmorrisiii
Almost Joe Isuzu
 
Posts: 2071
Joined: Sat Sep 21, 2013 6:20 pm
Location: Lynchburg, VA
Has thanked: 87 times
Have thanks: 178 times

Re: Colt is in Trouble

Postby wmorrisiii » Wed Nov 19, 2014 3:01 pm

Quick reply I guess is by not paying attention to their business or their customers. And yes the Python would sell, a beautiful piece of work. And their current 1911's are easily surpassed by at least three other manufacturers I can think of, Springfield Armory being one.
Willie's 1990 Trooper LS, 2.8L
The Duck Marsh Debutante

Willie's 1987 Trooper LS, 2.3L
The Coonhound
wmorrisiii
Almost Joe Isuzu
 
Posts: 2071
Joined: Sat Sep 21, 2013 6:20 pm
Location: Lynchburg, VA
Has thanked: 87 times
Have thanks: 178 times

Re: Colt is in Trouble

Postby squatch » Wed Nov 19, 2014 4:39 pm

Several issues. All on the web. Concentrating on government bussiness. Sueing the feds when they shared the contract with Remington. There by not making friends in DOD. Losing a contract over it! Little consumer business to fall back on.

Biting the hand that feeds is bad for business!
These links have write-ups and pics of most anything you ever will do on a 2.6 Isuzu. Engine, brakes, suspension, interior, you name it! Enjoy!
Original '88 Trooper frame off build.
viewtopic.php?t=12172
The continuing Trooper project.
viewtopic.php?f=15&t=43909
My '88 Spacecab build. In progress.
viewtopic.php?f=15&t=56442
User avatar
squatch
I am the Stig
 
Posts: 10318
Joined: Sat Dec 16, 2006 10:48 pm
Location: Maryland
Has thanked: 66 times
Have thanks: 328 times

Re: Colt is in Trouble

Postby Dingbat » Wed Nov 19, 2014 5:06 pm

wmorrisiii wrote:And their current 1911's are easily surpassed by at least three other manufacturers I can think of, Springfield Armory being one.


From what I gathered from reviews (for civilian market) they had less than Para Ordnance quality, but wanted Kimber prices.
1997 UCS7VF (Rodeo / Passport / Frontera)
Wry Wench build thread
3-inch Calmini Lift Kit, Indy4x 1.5-inch Leaf Lift
User avatar
Dingbat
Trail Master
 
Posts: 798
Joined: Sat Jul 14, 2012 12:39 pm
Location: York, Pennsyltucky
Has thanked: 15 times
Have thanks: 62 times

Re: Colt is in Trouble

Postby Med!c » Thu Nov 20, 2014 6:35 am

How are they in so much debt?

I'm not sure if I'd care too much if they disappeared as a company. Seems like they used to make good stuff, and they have a rich history but unless you want to brag about having a colt it seems like there's no reason to get a colt fire arm. Since I got into firearms a couple years ago I havnt ever wanted anything from colt. They have nothing unique, and their 1911s are boring. Anything they make can be had cheaper by a different American company.
00' Trooper 4x4- V6 3.5L
5-Speed Manual Aisin AR-5
Isuzu 12-Bolt Modified LSD
Isuzu 10-Bolt Aussie Locked
BGF AT T/A KO 285/75/16
Miss my old rodeo.

98-02 Isuzu Workshop Manual: Link
Med!c
I am the Stig
 
Posts: 6256
Joined: Sat Aug 23, 2008 8:19 pm
Location: Maryland
Has thanked: 10 times
Have thanks: 86 times

Re: Colt is in Trouble

Postby Gizmo42 » Sun Nov 23, 2014 3:02 am

Med!c wrote:Anything they make can be had cheaper by a different American company.


Exactly their problem. Everything they made is now made by pretty much everyone else for less money. You can buy the same models for the same or more money but with MUCH better quality.

Ruger really isnt in that bad of shape. Yes, their sales are dropping compared to a year ago but thats to be expected since there isnt a buying rush on at the moment like there was a year ago. But the company really has no debts, so still lots of profits.

http://www.marketgrader.com/MGMainWeb/m ... symbol=RGR
--Dave
Image
onetouch wrote:You're doomed Giz.
User avatar
Gizmo42
Subscriber
 
Posts: 11467
Joined: Fri Sep 16, 2005 11:15 pm
Location: Aurora, Co.
Has thanked: 11 times
Have thanks: 132 times

Re: Colt is in Trouble

Postby Hack » Sun Nov 23, 2014 4:31 pm

Mario

Daily Driver: 1995 Trooper Limited, Auto, 3.2L DOHC, Rear LSD, HD Torsion Bars, Moog Cc812s, Cooper Discoverer A/T3 245/70-16
Trail Truck: 2001 Amigo, Auto, 3.2L, Rear LSD, Front Aussie Locker, DOR Drop Dif, HD Torsion Bars, OME 912s, BFG M/T KA2 33x10.5R15
RIP: 1988 Troop 2.6L 5spd. Burnt valve(s). Damaged frame. Parted out. Sent to crusher.
RIP: 1998 4WD Rodeo, Auto, 3.2L -- Ruined by Daughter #1 with Russian assistance. Parted out. Sent to crusher.
RIP: 1989 Troop 2.6L 5spd --- Stripped of all good parts. Body and rotted frame sent to the crusher.
RIP: 1999 2WD Amigo, Auto, 3.2L -- Engine blown and body damaged by Daughter #2. Parted out. Sent to crusher.
User avatar
Hack
I am the Stig
 
Posts: 4560
Joined: Tue Jul 12, 2005 9:08 am
Location: Severn, MD
Has thanked: 7 times
Have thanks: 130 times

Re: Colt is in Trouble

Postby Sags » Fri Dec 05, 2014 11:19 pm

Seems like Remington is in worse trouble.

http://www.thetruthaboutguns.com/2014/1 ... 00-rifles/

7.85 Million rifles recalled. Seriously... ... nearly every hunter I know has at least one 700, many have two or more. This following the huge disaster that was the R51. Remington has probably not seen a worse year in it's long history.
'99 Rodeo 3.2L LS 4wd, 5 speed, 265/75 r16s and 3" lift.
User avatar
Sags
Zu Royalty
 
Posts: 1543
Joined: Sat Jan 24, 2009 3:34 am
Location: Fairbanks, AK
Has thanked: 5 times
Have thanks: 42 times

Re: Colt is in Trouble

Postby Gizmo42 » Sun Dec 07, 2014 8:22 am

There is a chance for one of them to make some big money

http://www.washingtontimes.com/news/201 ... e-beretta/
--Dave
Image
onetouch wrote:You're doomed Giz.
User avatar
Gizmo42
Subscriber
 
Posts: 11467
Joined: Fri Sep 16, 2005 11:15 pm
Location: Aurora, Co.
Has thanked: 11 times
Have thanks: 132 times

Re: Colt is in Trouble

Postby squatch » Mon Dec 08, 2014 8:52 am

Beretta knew that was coming. They are only leaving the MD factory open until the current contract is up. Then they move the whole ball of wax to Tn. A big F*** Off to the anti gun Governor/ and party of MD.
These links have write-ups and pics of most anything you ever will do on a 2.6 Isuzu. Engine, brakes, suspension, interior, you name it! Enjoy!
Original '88 Trooper frame off build.
viewtopic.php?t=12172
The continuing Trooper project.
viewtopic.php?f=15&t=43909
My '88 Spacecab build. In progress.
viewtopic.php?f=15&t=56442
User avatar
squatch
I am the Stig
 
Posts: 10318
Joined: Sat Dec 16, 2006 10:48 pm
Location: Maryland
Has thanked: 66 times
Have thanks: 328 times

Re: Colt is in Trouble

Postby wmorrisiii » Mon Dec 08, 2014 4:18 pm

If I lived in MD, Id vote to move the capital to Easton and charge a 100 dollar toll to any politician from Baltimore that wanted to cross the Bay Bridge.
Willie's 1990 Trooper LS, 2.8L
The Duck Marsh Debutante

Willie's 1987 Trooper LS, 2.3L
The Coonhound
wmorrisiii
Almost Joe Isuzu
 
Posts: 2071
Joined: Sat Sep 21, 2013 6:20 pm
Location: Lynchburg, VA
Has thanked: 87 times
Have thanks: 178 times

Re: Colt is in Trouble

Postby Sags » Mon Jun 15, 2015 10:02 pm

Well...

They just filed chapter 11 bankruptcy.

http://www.colt.com/ColtintheMedia/Pres ... uring.aspx
'99 Rodeo 3.2L LS 4wd, 5 speed, 265/75 r16s and 3" lift.
User avatar
Sags
Zu Royalty
 
Posts: 1543
Joined: Sat Jan 24, 2009 3:34 am
Location: Fairbanks, AK
Has thanked: 5 times
Have thanks: 42 times

Re: Colt is in Trouble

Postby Hack » Mon Jun 15, 2015 10:39 pm

I saw that. They couldn't make a bond payment after loosing the M4 contract.
Mario

Daily Driver: 1995 Trooper Limited, Auto, 3.2L DOHC, Rear LSD, HD Torsion Bars, Moog Cc812s, Cooper Discoverer A/T3 245/70-16
Trail Truck: 2001 Amigo, Auto, 3.2L, Rear LSD, Front Aussie Locker, DOR Drop Dif, HD Torsion Bars, OME 912s, BFG M/T KA2 33x10.5R15
RIP: 1988 Troop 2.6L 5spd. Burnt valve(s). Damaged frame. Parted out. Sent to crusher.
RIP: 1998 4WD Rodeo, Auto, 3.2L -- Ruined by Daughter #1 with Russian assistance. Parted out. Sent to crusher.
RIP: 1989 Troop 2.6L 5spd --- Stripped of all good parts. Body and rotted frame sent to the crusher.
RIP: 1999 2WD Amigo, Auto, 3.2L -- Engine blown and body damaged by Daughter #2. Parted out. Sent to crusher.
User avatar
Hack
I am the Stig
 
Posts: 4560
Joined: Tue Jul 12, 2005 9:08 am
Location: Severn, MD
Has thanked: 7 times
Have thanks: 130 times

Re: Colt is in Trouble

Postby Med!c » Tue Jun 16, 2015 12:19 am

I just read the article earlier today and I thought of this thread. I wonder how this is going to pan out for them.
00' Trooper 4x4- V6 3.5L
5-Speed Manual Aisin AR-5
Isuzu 12-Bolt Modified LSD
Isuzu 10-Bolt Aussie Locked
BGF AT T/A KO 285/75/16
Miss my old rodeo.

98-02 Isuzu Workshop Manual: Link
Med!c
I am the Stig
 
Posts: 6256
Joined: Sat Aug 23, 2008 8:19 pm
Location: Maryland
Has thanked: 10 times
Have thanks: 86 times

Re: Colt is in Trouble

Postby wmorrisiii » Fri Jun 19, 2015 11:19 pm

After almost 3 years in their custom shop I got my old 1911 back from them one week ago. I'd been following the news on them and wasn't sure I was going to get it back at all, much less with all the work completed. I also knew a year ago that they were down to three gunsmiths with a huge backlog. Pretty bad situation since you pay for the work up front. Bottom line is the work I had done is to a very high standard with all parts that were replaced returned to me. Nice as I have an extra trigger and barrel and a lot of extra parts that are "wear" items. Also two test targets fired at 15 yards, a new plastic Colt pistol case, and 5 10 round magazines fitted to the gun. If no rain on Sunday it will be going to the range for a bit of a workout. Trigger is dead on at at 3.5 lbs, no creep at all, and smoother than anything else I own. Test targets for me are only to ensure the gun won't blow up when I shoot it the first time, but I expect the accuracy to be impressive. I hate to see any company fail, but seeing one of our iconic gun manufacturers go is really sad. In their day Colt made some great guns, and I appreciate the standard they maintained in finishing my 1911. Probably also a good time now to pick up one of their single action or double action revolvers. I expect those prices will only be going up.

Sadly they probably aren't the only firearms manufacturer we are going to lose.
Willie's 1990 Trooper LS, 2.8L
The Duck Marsh Debutante

Willie's 1987 Trooper LS, 2.3L
The Coonhound
wmorrisiii
Almost Joe Isuzu
 
Posts: 2071
Joined: Sat Sep 21, 2013 6:20 pm
Location: Lynchburg, VA
Has thanked: 87 times
Have thanks: 178 times

Re: Colt is in Trouble

Postby Sags » Fri Jun 19, 2015 11:56 pm

wmorrisiii wrote:
Sadly they probably aren't the only firearms manufacturer we are going to lose.


Well with the US gun market like it's been for the last 3-4 years (thanks Obama and Pelosi)... all I can say is if an established gun manufacturer can't make it in this market then they deserve to fail, including Colt.

Harsh but true I feel. Honestly every week I'm hearing about new start-up gun and gun-gear companies that I'd never heard of before. Seriously, there must be over 100 companies making AR-15 clones today, and the concealed carry pistol market is also booming right now, seems like I see an ad for a new concealed holster maker every month.
'99 Rodeo 3.2L LS 4wd, 5 speed, 265/75 r16s and 3" lift.
User avatar
Sags
Zu Royalty
 
Posts: 1543
Joined: Sat Jan 24, 2009 3:34 am
Location: Fairbanks, AK
Has thanked: 5 times
Have thanks: 42 times

Re: Colt is in Trouble

Postby wmorrisiii » Sat Jun 20, 2015 9:26 am

Yep, there are a ton of new manufacturers out there and a lot of them are making some really nice stuff. There are some smaller older ones too that are doing well, Les Brown, Wilson, Barett, and the AR guys you mention. I like the fact too that a bunch of them are run by ex-armorers and gunsmiths. New shotguns are popping up everywhere too and at good prices. All great for us shooters.

I wish Colt had been making better firearms and offered more models. Their new 1911's weren't great and they discontinued guns that were big sellers. And of course they lost the bulk of their government business. It sucks that they got to this point. Especially with gun sales at a record high. But, you are right, sags, you have to be able to compete and it is always survival of the fittest. Be interesting to see too if anyone buys the name and sets up a new Colt shop.

Anyway, I'm a consumer first, and one that is mostly preoccupied with shotguns, and there have to be 20 to 25 new ones out there I need to look at, and at least 3 I have at home that need to go away. I haven't found the perfect shotgun yet, but 40 years later I think I'm getting close.
Willie's 1990 Trooper LS, 2.8L
The Duck Marsh Debutante

Willie's 1987 Trooper LS, 2.3L
The Coonhound
wmorrisiii
Almost Joe Isuzu
 
Posts: 2071
Joined: Sat Sep 21, 2013 6:20 pm
Location: Lynchburg, VA
Has thanked: 87 times
Have thanks: 178 times

Re: Colt is in Trouble

Postby wmorrisiii » Sat Jun 20, 2015 9:56 am

It's funny too the loyalties you develop, my first revolver was a Colt Python. First semi auto was a Colt 1911 (same one I just had redone). I thought then, and still think, they had the best triggers out there.

I know more about shotguns than I ever will about pistols, and I have manufacturers I like, but I really don't have any loyalties there. I only look at the gun and how it performs. Don't care if they have been around for 100 years or 100 days.

Not sure why that never translated over to the pistol side. I've stuck with the same 4 manufacturers since day one. And I always thought Colt was the cream of the crop, even when they weren't.
Willie's 1990 Trooper LS, 2.8L
The Duck Marsh Debutante

Willie's 1987 Trooper LS, 2.3L
The Coonhound
wmorrisiii
Almost Joe Isuzu
 
Posts: 2071
Joined: Sat Sep 21, 2013 6:20 pm
Location: Lynchburg, VA
Has thanked: 87 times
Have thanks: 178 times


Return to Outdoor Life

Who is online

Users browsing this forum: No registered users and 2 guests