Nice attention grabbing headline. The following is printed from Wired Magazine. However what the article doesn't say, and the chart does, is that the sales of vinyl have been falling precipitously in the preceding years. There was a 40% drop from 2004 to 2005 for instance. Caveats to this may be that the RIAA does not properly take account of smaller sales from indies and through smaller shops.
There certainly does seem to be a certain buzz about vinyl at the moment and more interest from people who were previously CD only. However there have been similar 'resurgences' in the past(eg. 1998) and I wouldn't be holding my breath on this one.
When I asked RIAA spokesman Jonathan Lamy last October whether the association was seeing a spike in vinyl record sales, he confounded my expectation. "Our numbers, at least, don't really point to a resurgence," he said.
Indeed, the '05 to '06 numbers showed a decline in vinyl sales, but the association's new numbers confirm what we were driving at: vinyl records made a major comeback last year.
According to the RIAA's recently-released 2007 sales report, the American music industry sold 36.6 percent more Extended Play (EP) and Long Play (LP) records than it had in the previous year, increasing vinyl sales revenue by 46.2 percent. CD unit sales, on the other hand, declined 11.7 percent with revenue dropping 20.5 percent during the same period.
I gathered plenty of evidence for this story, and all of it pointed to a vinyl resurgence, which is why the RIAA's response didn't seem to make much sense at the time. Now, it's clear that its numbers just hadn't caught up to the trend. With this report, the vinyl resurgence has been officially acknowledged by the RIAA.