The issue may be that the LP is being sold as a premium product that is worth a high price. If the market has softened I would think the manufacturers have a lot of room to cut the price, pocketing their profits from the flush times and picking up what lesser profits remaining to be had. If, as I believe, the vinyl market is primarily driven by some listeners' distaste for the digital sound, I think there would always be a hard core to support it.
Did vinyl sales just hit the proverbial brick wall?
Interesting read here about the state of vinyl. Personally, I had no idea what the percentage of vinyl sales was “merchandise” never to be opened or played.