The table in the first post is based on numbers from Flory (American Cars, 1973-1980), that appear to be a bit low for civil 1976 and 1977 Plymouth production, as compared to Godshall's numbers in his Collectible Automobile article. I adjusted the market share percentages accordingly:
1973: 12.26%
1974: 9.58%
1975: 8.64%
1976: 4.75%
1977: 4.16%
The steep market share drop from 1975 to 1976 remains, though.
Looking at Godshall's data I noticed something else. A breakdown per trim level shows this:
1975 Gran Fury Base 10,480
1975 Gran Fury Custom 44,031
1975 Gran Fury Brougham 18,290
1976 Gran Fury Base 10,515
1976 Gran Fury Custom 20,902
1976 Gran Fury Brougham 8,093
The 1975-to-1976 sales drop is exclusively in Custom and Brougham, whereas Base remains stable. Base sales probably contain some police and other fleet orders as well, which may be the reason for its steady performance. Private customers oriented on Custom and Brougham-like offerings really ran away from Plymouth in 1976!
A good reason to consolidate the poorer performing trim levels in only one, so in 1977 there are only two trim levels left. A direct comparison is somewhat complicated, as Base gained a 2-door hardtop. The breakdown:
1977 Gran Fury Base 19,069
1977 Gran Fury Brougham 28,483
The 1977 Brougham (28,483) is stable if compared to 1976 Custom and Brougham taken together (28,995) and it's Base making the clear gains. Factoring out the 1977 Base 2-door hardtop there is stil a healthy uptick in Base sedan and wagon sales: from 10,515 in 1976 to 16,297 in 1977.
The 1977 Brougham was not able to share in the general 1976-to-1977 sales rise. Moreover, agencies like North Carolina Highway Patrol and Texas Highway Patrol ordered Broughams for their fleets, so I suspect that in private customer sales Brougham lost still further ground.
... for some reason, the car-buying public did not find the big Plymouth as desirable as the Impala & the LTD. Fleet sales are well and good, ...
Now, because I originally opined that it was the Brougham fashion that killed Plymouth's Formal, I may be blind to other possible explanations. Probably the growing fleet-car image also contributed to its demise. The 1972 TV-ad line "What do you get when you call the police? A Plymouth" had become a liability.
The combination of Broughaminess spreading through the automobile world and the fleet image Plymouth got stuck with turned out to be lethal.