Vinyl Sales Are Higher Than Reported

Vinyl Records’ Increased Sales - The Vinyl Renaissance is finally beginning to get some coverage in the national press - such illustrious rags as the New York Times, Newsweek and the Wall Street Journal have written up the revival of the long-playing format that had been thought obsolete in this digital age. The main stimulus is due to hard facts finally being accessible from the RIAA, even though they completely miss the huge sales of used vinyl online and by mail order. The RIAA says that LP sales were 36.6 % higher in 2007 than in 2006, with about 1.3 million units being sold at retailers (vs. 511 million CDs the same period). Worldwide sales of LPs doubled in 2007 - from three million to six million units - after hitting an all-time low in 2006. Global sales of CDs dropped 12% in the same period.

[Audiophile Audition]