Vinyl Sales Continue to Rise!

From the British Newspaper The Telegraph:

Sales of old-fashioned albums rose by more than five per cent last year, figures from the Official UK Charts Company showed.

CD sales have fallen by a fifth over the same period, leading to some manufacturers threatening to halt their production.

Despite accounting for less than one per cent of music purchases, American sales of vinyl topped almost three million, an increase of a million records. Music website Amazon.co.uk said it had more than 250,000 vinyl albums in stock to meet the growing demand. Internet search engine Yahoo meanwhile, has reported a 210 per cent increase in searches of the phrase "blank cassette tapes" and a 110 per cent rise in users seeking “music cassette tapes”.

The new trend is believed to have originated from New York teenagers, leading to a boom in record player and turntable sales. Most vinyl records bought over the past 10 years were by DJs and dance music fans, but recently more rock and country music albums have been sold.

Some of the most popular records include music from Florence and the Machine and The Courteeners and re-released Jimi Hendrix and The Red Hot Chili Pepper albums.

Music experts said that vinyl sales figures could be even higher because official British statistics do not include sales from smaller record shops and albums sold at concerts. British sales of seven-inch records peaked in 1979, with 89 million copies sold, but as CDs became more popular they slumped to less than 180,000 in 2001. Last year sales rose to 223,000.