Vinyl sales hit three-decade high this year with 10% increase


Sales of vinyl records in the UK are set to hit a three-decade high this year, raking in almost 100m in 2020.


According to The Guardian, sales of records this year are set to exceed last years 4.3m units sold, with many fans unable to attend concerts as a result of the COVID-19 pandemic funneling their spare cash into picking up records.


We have seen 250% growth from the bottom of lockdown to where we are now, said Drew Hill, managing director of Proper Music, the UKs biggest independent distributor of vinyl and CDs.


I thought it could be catastrophic for the industry but during lockdown the kind of people buying records also probably went to a lot of gigs. They cant do that so it seems fans are spending the money they used to on going to gigs each month on records.


In September, the Recording Industry Association of America announced that the sales of vinyl records in the US had exceeded that of CDs by a considerable margin.


CD sales in general have experienced considerable decline in recent years, with sales for the format being gobbled up by the streaming revolution.


Despite the boon of physical sales, streaming is still the biggest name in town, with the RIAA figures indicating that it accounts for 85% of all music sales.