Well, one reason that things aren't selling is that although folks are less likely to buy and there is lots of good gear on the market, most sellers aren't lowering prices enough to sell. People seem wary to push prices down much further.
This all gets around to a big issue for me with Leica. As a brand, they are missing a huge chance here. By inflating prices to the degree that they have, people can't afford to buy a digital M. There are plenty of folks who would be interested, even many hangers-on of film (myself included)...if their prices were 30% lower, they'd snag a huge group of people who are interested in a digital M, have M-mount lenses, but won't pony up what Leica is charging. So instead they get a NEX, digital Oly, micro 4/3s, etc...and they will eventually abandon the M. One can only mount M lenses one some APS-C sensor before it gets tedious and you simply buy the lenses that fit the system, and unload your bloated catalog of uber-expensive Leica glass.
This seems to be what's happening now.
The issues of film disappearing, and bla bla bla...that has been tossed around for a decade on this forum (from what I hear). But each time it's said, it isn't true yet, but each time it gets closer. Films disappear, film cameras with electronics go extinct for lack of replacement parts anymore (CL, CLE, Hexar, Ricoh GR1...). Processing prices go up, film is more expensive and harder to find, and fewer places process film. The digital allure grows ever stronger, I'm afraid.