Vinyl just keeps on growing, and there’s no signs of it slowing down…
The resurgence started back in 2007, and every since sales have been increasing year on year.
To highlight the current performance here is a look at sales over the past few years.
Vinyl LP Sales 2013 – 2015 (in millions)
DMN has received exclusive data from Nielsen Music and the information shows that vinyl sales are already up 10% versus at this time last year, when looking at the top 100 vinyl sellers YTD.
Sales of vinyl are growing for a number of reasons…
Firstly, it’s a growing trend to own old records – 60% of all LP sales are catalog (18 months or older). The top records sold are from artists like Bob Marley & The Wailers, The Beatles, and Pink Floyd.
Not to mention, millennials – who are 60% more likely to buy LP records than the general population. It’s the younger demographic that are heavily investing in vinyl records to build their collections.
And then there’s Rock. Of all LP’s sold last year 68% of them were of the Rock genre.
(Image by Ian T. McFarland, Creative Commons, Attribution-Share Alike 2.0 Generic, cc by-sa 2.0)
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