Are Vinyl Record Sales Actually on the Decline?

Are Vinyl Record Sales Actually on the Decline?

So, relating to vinyl numbers, who ought to we consider?  The RIAA and Nielsen Music, or Best Buy?

According to Nielsen Music, American customers bought 14.three million vinyl albums final 12 months.  Up 9.three% over 2016, vinyl gross sales have now skilled development 12 years straight.

The RIAA just lately revealed vinyl gross sales jumped 13% within the first half of 2018 over the identical interval final 12 months.  Yet, CD gross sales plummeted 41%.

Both have revealed one factor – vinyl data have and can proceed to develop within the close to future.

But, not everybody agrees.

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The curious story of Best Buy’s vinyl gross sales.

Viewing Best Buy’s gross sales rank knowledge, vinyl albums have steadily pale out.

Breaking down the gross sales rank of 22,888 particular person document UPCs on the retail chain, Thinknum, an information startup, discovered vinyl gross sales have slipped for nearly 2 years.

After reaching a rank of 50,600 on January fourth, 2017, gross sales dramatically decreased.  In a span of some days, vinyl gross sales went from 59,500 on January 11th to 83,700 on January 14th.  They haven’t recovered.

In November 2017, the medium skilled a big surge.  Due to vinyl aficionados gifting data, the medium went from a gross sales rank of 81,500 to 57,100.