Annual sales of vinyl LPs have crossed the half a million mark for the first time in more than a decade, revealed a BPI analysis of Official Charts Company data released today.
Releases from Daft Punk, Arctic Monkeys and David Bowie have helped push the popularity of the format to renewed heights this year. Almost 550,000 LPs have been snapped up by music fans so far in 2013, already giving vinyl its most successful year since 2003.
The year-to-date sales figure reflects year-on-year growth of over 100%, doubling vinyl’s market share in the last 12 months. LPs now account for 0.8% of all albums sold in the UK – as recently as 2007, its share was just 0.1%.
Record Store Day, the one-day celebration of independent record shops which took place in April, generated £2m worth of vinyl sales itself alone. With around 15,000 LPs currently being bought every week, BPI is estimating that more than 700,000 units could be sold by the end of the year, the highest total sales since 2001, potentially generating £12 million at retail.
Whilst Daft Punk currently leads the charts for the biggest-selling LP of the year with Random Access Memories, it is Manchester’s Brit-pop pioneers, Oasis, who hold the title for the top two best-selling LPs since Official Charts records began. (What’s the Story) Morning Glory has sold more vinyl records than any other release since 1994, narrowly edging ahead of the band’s debut Definitely Maybe which takes the number two spot.
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Commenting on the sales landmark, BPI and BRIT Awards Chief Executive Geoff Taylor said,
“The LP is back in the groove. We’re witnessing a renaissance for records – they’re no longer retromania and are becoming the format of choice for more and more music fans. This year has been a treat for vinyl aficionados with releases from Daft Punk, David Bowie, Arctic Monkeys and Black Sabbath.
“Whilst sales only account for a small percentage of the overall market, vinyl sales are growing fast as a new generation discovers the magic of 12 inch artwork, liner notes and the unique sound of analogue records, often accompanied by a download code for mp3s.
“As we look forward to new LPs from Arcade Fire, Paul McCartney, Pearl Jam, and Jake Bugg in the run up to Christmas, the vinyl revival looks set to continue.”
Kim Bayley, Director General of the Entertainment Retailers Association (ERA) which organises Record Store Day in the UK, said,
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