Figure expected to surpass one million by the end of the year
A new report conducted by The Entertainment Retailers Association (ERA) has revealed that 844,122 vinyl records have been sold in the UK so far this year, with that number set to surpass the 1 million mark before the end of 2014.
Arctic Monkey’s ‘AM’ has sold the most vinyl pressings so far this year, ahead of Jack White’s ‘Lazaretto’ and Oasis’s 1994 album ‘Definitely Maybe’. Royal Blood and Led Zeppelin’s self-titled debuts complete the top 5.
A total of 829,243 records were sold in 2013, meaning this year’s total has already bettered that figure. The report also revealed that sales are four times the level they were as recently as 2008.
“This is an extraordinary turnaround,” said ERA Director General Kim Beyley.
“Independent retailers were first to identify the untapped potential for vinyl and made it the focus of Record Store Day. With record labels now making more vinyl available, this trend shows no sign of abating.”
Despite the increase, vinyl only accounts for 3 per cent of physical albums sold. CDs continue to dominate the market with 97 percent of all physical album sales and two-thirds of album sales total.
Earlier this week, it was confirmed that Urban Outfitters’ recent claim to be the world’s number one vinyl retailer is false. According to research conducted by Billboard to verify the assertion, Amazon actually holds the title of the world’s biggest vinyl seller.