Vinyl Sales Reach 18 Year High

Vinyl sales in the UK have reached the one million mark for the first time in 18 years

Vinyl sales have been on the rise in the UK since 2008 after quite a dramatic slump.

According to the Entertainment Retailers Association (ERA), vinyl sales rose by 101% between 2012 and 2013.

This compares to a 9.7% drop in sales of CD albums over the same time period.

Vinyl Sales: last 20 years

Sales have continued to grow in  2014, although at a slower pace than in 2013, with a 54% increase in sales.

Milt_Gabler,_Herbie_Hill,_Lou_Blum,_Jack_Crystal._Commodore_Record_Shop,_August_1947_(Gottlieb_01631)

Where is this boom coming from?

There are various explanations for the explosion in vinyl sales.

Many of the albums in the top 10 are by classic rock bands, such as Pink Floyd and and Led Zeppelin. These bands have a well established fan base that grew up with vinyl and is less comfortable with CDs and downloads.

Another possibility is that MP3s and music streaming services allow consumers to pick and choose the songs they purchase. A vinyl LP is seen by many as more prestigious and intrinsically valuable than a CD, so it is unsurprising that many of those who are willing to fork out the money for a whole album are looking towards the traditional format.

However, it is worth noting that vinyl sales only account for 2% of the music market.

Vinyl Market Share

So who is dominating the vinyl charts?

Although classic rock bands are encouraging a resurgence of this traditional format, many modern musicians are rediscovering vinyl. The Arctic Monkeys and Jack White have had particular success this year in the vinyl markets.

Official Vinyl Albums Chart – 2014 Top 10

1 AM ARCTIC MONKEYS
2 LAZARETTO JACK WHITE
3 THE ENDLESS RIVER PINK FLOYD
4 ROYAL BLOOD ROYAL BLOOD
5 DEFINITELY MAYBE OASIS
6 THE STONE ROSES STONE ROSES
7 THE DARK SIDE OF THE MOON PINK FLOYD
8 LED ZEPPELIN LED ZEPPELIN
9 LED ZEPPELIN 3 LED ZEPPELIN
10 LED ZEPPELIN 2 LED ZEPPELIN
Oasis were in the top 10 the last time sales were as high as they are now
Oasis were in the top 10 the last time sales were as high as they are now

Official Vinyl Albums Chart – 1996 Top 10

1 THE SCORE FUGEES
2 1977 ASH
3 (WHAT’S THE STORY) MORNING GLORY? OASIS
4 SECOND TOUGHEST IN THE INFANTS UNDERWORLD
5 EXPECTING TO FLY BLUETONES
6 ANTHOLOGY 2 BEATLES
7 ENDTRODUCING….. DJ SHADOW
8 ARKHAM ASYLUM SASHA
9 ANTHOLOGY 3 BEATLES
10 K KULA SHAKER
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