It really comes down to working capital - which apparently Broadway Limited, Rapido and possibly a few others don’t have.
If we look at Athearn as a whole, vapourware from them almost never happens, preorders are offered but the lack of them does not stop or delay projects, most projects once announced show up pretty much on time. Again, based on the range of product they offer I talking about everything, locos, freight cars, etc.
Athearn did say the loss of the 4-6-2 project was a vender problem, not a lack of preorders.
Same is largely true of MTH, Intermountain, and Atlas, although Atlas does seem to only produce slightly more product than what is presold in the locomotive department.
Bowser and ConCor have canceled or delayed a few projects for lack of interest, but, these were mostly VERY specialized offering.
But Broadway has so many canceled, delayed, maybe, on again, off again projects in their short history it has come to be expected. They were going to do B&O President Pacifics and USRA light Pacifics - both never showed - just two in a long list that obviously did not “presell” enough units.
Walthers/Proto also continues to bring products to market regardless of preorders but has rasied prices and reduced quantities compared to the Life Like days. I think it is clear Life Like “over produced” some of the early Proto2000 offerings.
I’m self employed, have been most of my life, if these companies don’t have the money to invest in this market, they need new owners, more investors or to go out of business - I’m not supporting them by promising to buy products sight unseen that might take years to show up.
Fact is Athearn and Bachmann STILL make the trains first, then offer them for sale - so does Intermountain, Walthers and for the most part so does Bowser. They will continue to get my business.
In my fleet of 120 plus locos only 9 are Broadway - when you combine their high prices, choice of models offered, my poor luck&nbs