Vector Is Going out of Business


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Bubbles
August 27, 2008, 01:16 PM
From an administrator on http://www.uzitalk.com/forums/showthread.php?t=38261&page=2

Clarification on Vector situation: In fairness to our members, I want to make sure that everyone understands what is happening. I expected Rex to post something before now but he hasn't. Vector is not just selling off the UZI business. Vector is completely going out of business. In a matter of a few days they will be completely gone. Of course this is terrible news for all of us. Vector has been a great vendor in our industry and of primary interest to those of us who like UZI stuff. I greatly appreciate the work that`Rex and Ralph have done over the years and they will be sorely missed. I do appreciate the fact that they are trying to find a company to take over the UZI business. I don't know who that is but I hope it will be someone that can deliver quality service, parts & accessories, and keep new guns coming off the assembly line. Hopefully we'll know soon.

:(

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Josh Aston
August 27, 2008, 01:37 PM
They couldn't wait until I had the funds for a V53?

Honestly though, sorry to hear that they are going out of business. The firearms industry isn't a huge one and it's a loss to us all when one of it's members goes under.

Mike OTDP
August 27, 2008, 01:48 PM
I just called...was told that they were selling the Uzi operation, and should have an idea of who is buying it by the end of the week.

Take it for what it's worth.

Cacique500
August 27, 2008, 04:52 PM
I knew I should've sent my sent in my finicky Uzi .22 conversion kit for them to work on...oh well. :(

Hope they find a good buyer soon...

blackcash88
August 27, 2008, 05:07 PM
Why are they going under?

gezzer
August 27, 2008, 05:31 PM
Bites it when the owner gets BUSTED for frauding the .GOV

IMHO money got in the way.

blackcash88
August 27, 2008, 05:35 PM
Really? What happened?

Drgong
August 27, 2008, 06:05 PM
was the owner involved in the whole "china ammo" issue...?

gezzer
August 27, 2008, 06:14 PM
Yes from posts on other forums he was a MONEY backer.

Drgong
August 27, 2008, 06:30 PM
Shame, invest in a company that has defense department contracts, and get burned badly.

of course I am sure there are American citizens who would gladly bought that old 1960's ammo for fun shooting..

MGshaggy
August 27, 2008, 06:58 PM
Sure glad I got my V51 while I could.

Drgong
August 27, 2008, 07:16 PM
looking over the Uzi forums, it seems that they are rather important to the Uzi folks. Shame as we need all the vendors we can get. Hopefully someone will be able to keep selling Group Industries receivers as we need all the receivers we can get to make sure that more guns are "in common use" per heller.

phantomak47
January 24, 2009, 07:59 PM
Any updates?

rfurtkamp
January 24, 2009, 11:22 PM
Pretty much nothing at this point, expecting a fade out to nothing rather than a fire sale.

Glad I have my Uzi and 51s and V89-PDW SBR.

Kicking myself for not getting one of their beltfeds though.

cuervo
January 25, 2009, 12:24 AM
What was the "whole China Ammo" issue?

TexasRifleman
January 25, 2009, 12:28 AM
Well, here's the governments side of the story anyway....

Who knows what the truth is.

http://www.usdoj.gov/usao/fls/PressReleases/080620-02.html

Basically they contracted to sell ammo to DoD and stated the ammo was made in Albania. It was actually made in China.

It all went "bang" as far as I know, but wartime profiteering has been generally frowned up on through history.

seale
January 25, 2009, 02:59 AM
Good riddance and here's why:

They didn't like telling customers or potential customers just what the hell was ever going on. The whole concept of updating their website or their blog was lost on Vector.

Basically vector pretended to have desirable products when they didn't actually have them for sale. Like true flakes they kept changing their product line around like they couldn't make up their minds - mostly without telling potential customers, right up to the end. Putting ads in shotgun news for YEARS for products you don't even have to sell gets an instant curse from me.

Basically vector only liked to do the easy part of business, i.e. saying "LOOK WHAT WE'VE GOT!" Then you would inquire and find out that they had next to nothing for you to purchase.

Again, Vector only liked to do things the easy way (the ammo issue comes to mind). When I say easy, I mean they refused to grow the business to meet the demand for products they PRETENDED to have for sale. SURE, they made a quality product if you could get a hold of one.

I learned firsthand just how cowardly the Vector corporate attitude was. One time I got to talking to one of their top employees, or maybe he was an owner, at a gun show. I, like the WHOLE REST OF THE PLANET, asked him about UZI availability. And like everyone else, all I got out of vector was excuses, excuses, and more lame excuses. When you have something that customers want, and you're too stupid to provide that product, then you deserve to fail. He went on and on about how they couldn't get parts and I was thinking about what flaming cowards these vector managers are, then I made the mistake of trying to reason with mr closed mind and wants to fail. I essentially said "do you realize the massive demand for UZIs?" He seemed to have no concept of A. the demand for UZIs, OR B. what a good position his company was in by having an established good reputation AND a product that is in demand. So I said "If you understand the demand then why don't you have parts MADE, or make them yourself" (because I know firsthand that it's not rocket science to fabricate and/or heat treat metal parts, OR to find a machine shop to do it-I mean, this is just manufacturing 101). He gave me an ultra vague and cowardly answer that seemed to say "no, we'd rather ignore the customer and the massive demand, and go out of business before we lift a single lazy finger to fabricate a run of UZI parts." I rolled my eyes and walked away.

Now they're a failed business, mostly because they ignored the customers. I am not shocked in the slightest. Good riddance.

30 cal slob
January 25, 2009, 11:40 AM
never mind

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