I didnt select parties which were wiped out to an extent that they never won again.
OK, how about the British Labour Party in 1931. 287 seats out of 615 in the 1929 general election, when they were the largest party and formed a minority government. A small split over austerity measures during the Great Depression, led PM Ramsay MacDonald to form a National government. The Labour Party was crushed in the 1931 general election, electing 52 seats out of 615 including 6 unendorsed candidates. The party was back in government during the 1940-45 wartime coalition, before winning a large majority in the 1945 general election.