Olympic Arms is going out of business

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Pawpaw
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Olympic Arms is going out of business

#1

Post by Pawpaw » Wed Jan 25, 2017 8:44 pm

From what I've read, the employees just got the notice this morning.

According to the announcement on their website, they'll be gone in a month.

www.olyarms.com
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warnmar10
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Re: Olympic Arms is going out of business

#2

Post by warnmar10 » Wed Jan 25, 2017 8:53 pm

I expect more to follow. The AR is a commodity item now and competition is fierce.

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jmra
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Re: Olympic Arms is going out of business

#3

Post by jmra » Wed Jan 25, 2017 9:52 pm

warnmar10 wrote:I expect more to follow. The AR is a commodity item now and competition is fierce.
Yep. I was talking to a vendor at a gun show last week who usually has a number of ARs. He said he doesn't even bother bringing them to the shows now because other venders are selling them below cost in order to get people to buy accessories that have a higher profit margin. At the same show I saw DPMS ARs for $475.
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jason812
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Re: Olympic Arms is going out of business

#4

Post by jason812 » Wed Jan 25, 2017 10:22 pm

warnmar10 wrote:I expect more to follow. The AR is a commodity item now and competition is fierce.
This, Obama not being in office, and the fact that everybody I know that has an AR, has more than one. I don't see there being any more demand than what there has been the last 8 years which makes me question Savage and Springfield's decision to get into the market.

I have a national match barrel of theirs I bought way back in 2003 and never installed that will be used for a take off parts build later this year.

I'm sad to say I thought Olympic Arms was out of business already. I haven't heard anything about them in years.


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Re: Olympic Arms is going out of business

#5

Post by Eric Lamberson » Wed Jan 25, 2017 11:43 pm

Competition is fierce. I just returned from the SHOT Show and it seemed like 90% of the vendors were selling AR's and those that weren't were selling AR accessories.
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maverick2076
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Re: Olympic Arms is going out of business

#6

Post by maverick2076 » Thu Jan 26, 2017 9:58 am

Choice creates competition. There are hundreds of options for AR, AR parts, and AR accessories now. It was bound to happen to someone. I'm not surprised its Olympic, and I doubt they will be the last.


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Re: Olympic Arms is going out of business

#7

Post by Abraham » Thu Jan 26, 2017 10:09 am

AR accessories are something I've yanked off and installed so many different ones so often on my AR's, my wife refers to them as Barbie One and Two.

Whenever I quote the cost of anything gun related she likes to remind me of the guy who prayed that when he dies he hopes his wife doesn't sell them according to what he said he paid for them vs. what he actually paid for them...


Medley86
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Re: Olympic Arms is going out of business

#8

Post by Medley86 » Thu Jan 26, 2017 11:28 am

I have an Olympic in 556 with a heavy barrel, actually a great gun and the cheapest heavy barrel I could find. But it's all about money, if there's no profit it's time to shut the doors.
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MechAg94
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Re: Olympic Arms is going out of business

#9

Post by MechAg94 » Fri Jan 27, 2017 11:55 am

I always heard Olympic Arms AR's were good shooters. However, they were always a lower cost gun. Right now there are dozens of low cost guns and uppers available. Very crowded market.

I was actually thinking that I hadn't seen an Olympic Arms gun at a gun show since before the Connecticut shooting triggered the buying spree. Before that, I used to see them more often.

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