Back in the groove: the vinyl revival among music fans pushes sales to levels not seen for more than a decade
Sales of LPs have doubled to 550,000 this year and the format has become the favourite of nearly nine in 10 vinyl buyers, according to the record industry body BPI.
Releases from bands such as Daft Punk, Arctic Monkeys and David Bowie have helped to push the popularity of vinyl recordings to renewed heights.
The figure reflects year-on-year growth of more than 100 per cent. LPs now account for 0.8 per cent of all albums sold in the UK. As recently as 2007, the share was 0.1 per cent. Record Store Day, a celebration of independent record shops which took place in April, generated £2 million of vinyl sales. With 15,000 LPs bought every week, BPI estimates that more than 700,000 units could be sold by the end of the year, the highest since 2001, potentially generating £12 million at retail.
While Daft Punk lead the charts for the biggest-selling LP of the year with Random Access Memories, it is Manchester’s Britpop pioneers, Oasis, who hold the title for the two bestselling LPs since official charts records began.
Their album (What’s the Story) Morning Glory has sold the most vinyl records since 1994, edging the band’s debut Definitely Maybe into second place. Geoff Taylor, BPI’s chief executive, 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.