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Old January 27, 2013, 01:39 PM   #22
22-rimfire
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Join Date: February 19, 2005
Location: Tennessee
Posts: 4,594
The late 70's and early 80's were high inflationary times. There was tremendous pressure to keep costs down. I bought a house in 1981 and many were paying 18-19% interest on home loans. Then they had the problem with labor. Everything was working against Colt (and sometimes they seemed to make some odd decisions). Law enforcement were transitioning to semi-autos things weren't so great for revolver manufacturers. Eventually by 1986 most of the old style DA revolvers were discontinued, but the Python and a few others remained. Colt had an ownership change in 1990 after declaring Chapter 11 in 1989 (as I recall).
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