Vinyl Album Sales Rise by 89% over 2008 
Home Theater News Music - Software News
Written by AVRev.com   
Tuesday, 28 April 2009

Several sources are pointing to a need to look back to old technology for our audio needs – the classic sound of vinyl appears to be gaining in popularity, even as newer technologies strive to replace it.  In 2008, vinyl sales totaled 1.88 million units, which is 89% more than the previous year, as reported by Neilson SoundScan. 

Additionally, over 670K albums have been sold in 2009.  The LA Times reports that in one of the most highly populated cities in the world, record sales are growing, more record stores are opening and business is booming with collectors and casual listeners alike as clientele.  All of these record sales are pushing integrators to offer turntables for their clients, which might also help the sales of records in a feedback loop.

While CD sales have been on a consistent decline since the emergence of digital download services like iTunes, vinyl seems to be making up a portion of the CD losses.  A CD cost approximately $14 while a vinyl LP averages around $23.  The music industry has taken notice and is re-mastering versions of their best selling albums complete with the original artwork.

Despite the renewed interest in collecting vinyl records, small record stores may be in jeopardy from competition from Best Buy.  Best Buy, the third largest music retailer, is reportedly mulling a nationwide push to sell vinyl LP's in all of its 1020 stores.  They are running a test across approximately 100 stores and are creating about 8 feet of floor space in all of their stores to hold 200 albums.  Alternatively, their 16 to 20 feet of floor space for CD's holds about 8000 CDs. 

One thing is for sure; vinyl is experiencing a welcome reemergence for a larger audience of music collectors. 

 

Related AVRev Pages:

Review: Linn Sondek LP12 Turntable

Forum: The age-old question: CD Versus Vinyl

Feature: Top 100 Rock Albums of All Time  








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