Discogs digs into it: No, Vinyl Sales Aren’t Down 33% in 2024. They’re up 6.2%. Following incorrect reporting, several media outlets claimed that vinyl sales were down for the first time in decades. They were wrong. By Sam Tornow and Nicole Raney. Read in full: https://lnkd.in/eiw9U7Zx
You might have felt the panic this week: Vinyl sales in the U.S. are reportedly down by 33.3%, marking the first decline in 17 years. Inflation and industry greed are to blame. But these headlines didn’t paint the entire picture – and vinyl sales are actually up 6.2%. The vinyl industry is just one facet of vinyl culture, and Discogs can uniquely report on record collection trends, not just record consumption. And more record collectors are coming to Discogs now than ever before in our 20+ year history. Today we’re witnessing the heightened power of local, independent record stores. “We want to set the record straight: Vinyl is still in demand, indie stores are thriving, and the market is growing.” Check out our story for even more details in the big picture. https://lnkd.in/gBPMijDr