It's not just the audio business, I work in the firearms industry and it has slowed down considerably.
Not including the military or law enforcement, there are 1.21 guns for every man, woman and child in the USA. If it were any other product, one might assume a saturated market.
It's this economy that has gone in the crapper. People are hesitant to make major purchases, knowing next week eggs may be $10 a dozen.
Did anyone NOT see inflation and supply chain woes triggering a supply/demand imbalance in 2020? It takes a while to work through the system, however, these things seem to correct in due course. I’m still waiting for some gear I ordered in the fall of 2021. Smart manufacturers and sellers price strategically…and there are many zombie listings on the ‘gon. In fact, there is an Audio Research ref5se preamp I made an offer on in 2019. I dont believe the seller still has the pre but it keeps auto-renewing.
Competition settles these moments…if we price something and it doesnt sell, we can always lower the price or choose not to sell it.