Vinyl records are actually back in demand. My oldest son used to work for Sundazed Records in Coxsackie, NY, and he said the sound quality is better on the new vinyl records, than on CDs. The company buys the rights to out-of-production albums, remasters them, and then re-releases them. Their best sales are with the vinyl records.
There’s one huge reason why vinyl sounds better and it’s oddly not the vinyl. Records tend to not have normalization and the allow for better highs and lows. When CDs hit it was en vogue to apply filters to make the music sound more even. The result was more popular music with the audiophiles losing out.