Vinyl Record Sales Are Down 33% in 2024

Today I discuss a recent Billboard article that incorrectly stated that vinyl record sales were down an astonishing 33.3% in 2024 according to data from the Luminate.

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Leave your comments & questions below!

[randymixter]

My store customers (of all ages) are actually buying more records from me this year than they were last year. The trick is to sell albums at a reasonable price. Most of my new sealed albums sell for $29 or less. I might make less profit but my increased sales make up for that. The enthusiasm is still there if the price is right.

[reallyretro]

According to myself, nothing is over…nothing. I will collect vinyl till my dying day.

[BackwoodsFilms]

Their own greed will be their demise. People are realizing that they can't afford to keep paying $40 - $50 for an album.

[mikeyhodge]

I think it’s the lack of expendable income right now and the price of records. 2-3 records can be a $100 day. As far as CD’s go, I wish we had data on used sales. I’ve bought more CD’s lately and see others in my area doing the same.

[showdown]

It's become too expensive, and there is only so many times you can reissue something.

[ignatiusb.samson]

It’s because they’re charging too much. It’s ridiculous. I’m not surprised at all that sales are down. I’m as die hard a vinyl guy as there is and I pass on 80% of the records that I would otherwise buy in a second. I just don’t want to pay over 20 dollars for a record. I’ll grudgingly pay 30, but I won’t pay that very often. And I rarely ever pay more than that. I see records all the time and think “nope”. It’s really a shame.

[NicS-qn]

Retail stores are over, online vinyl sales are flat lining . Top artist always sell, then there's everyone else . Prices have shocked most consumers out of the market

[antalantal]

Last year I could resell vinyls from my collection very easily. This year is much harder, regardless of the price

[SaraDixon-zmbs]

All I can speak to is my situation. 1. Inflation and costs of everything- I’m cutting back on new because of this, 2. Buying used vs. new because of cost, 3. I just have not seen a lot of new things that interest me in 2024, and RSD April and Black…not much for me

[redcomusic]

I missed the live chat (where I could've poked that belly!!!) but it'll be interesting to see what happens 2025 vs. 2024.

[rabarebra]

I see and experience a lot of vinyl collectors that started collecting during covid giving up this hobby, and I see these collections coming in the door at the thrift stores. The inflation is wild. Records that used to cost $25, cost the double today.

[dawnpatrol]

I'm a vinyl nut, and was even in the vinyl-hating 90s. The bubble has burst, but I'm ecstatic that there ever was a bubble. I still feel like im in the Twilight Zone

[DeathMetalShred]

Around 10 years ago, i was regularly getting new releases for $17.99 - $19.99 & i refuse to pay over $30 today for a record. I know if im patient enough, i can just wait and will be able to get most releases on sale some where in the $20-$25 range.

[slidetek]

IF record sales are down (debatable), there's one big reason for it: the economy. When people are paying for groceries with credit cards, things that fall under luxuries like toys will necessarily take a hit. We've seen that across the board from vacation and park attendance to retail sales. I absolutely don't buy the cost of LP's to some degree. Sure, if you insist on buying UHQR double LP 45s for $150, then that's pricey. But, that type of thing wasn't available over 2 decades ago. After going through my entire library to ultrasonic clean over the past 2 years (collecting since 1968) I found "expensive" import LP's from the 80's with tower record price tags at $11-12. Adjusted for inflation, that's $33. Most LP's (like quality Rhino reissues) are going for $25-30. But, more for us!

[H-mubo]

The vinyl rip off is second only to the Live Nation rip off for concert tickets.

[paulh]

That was some really good analysis. I don't see any doom and gloom. Year on year record sales are up 6 percent, which is health growth. Struggling record sellers are a symptom of either an over saturated market or a poor business model of the business. This happens in all industries, and it forces innovation, which is good.

[williamlathim]

OK...I'm 76, been there, done that...still have a 55+ year collection of vinyl that I keep around just because of the memories...recently sold all my vintage equipment that I bought new in the 70's and now am 100% digital...CD's and Bluetooth streaming from my cellphone...so simple and so easy, and with 20, 000 songs on my desktop I can create new playlists and load them on my cellphone within minutes...portable Bluetooth speakers for my back porch, RV, pool, etc...and, yes, the quality of sound may not be audiophile quality but it's good enough...for a guy who grew up on vinyl when that was all there was I'm just simply amazed by the newer technology...I know I'm old and lazy but vinyl today is just out-dated and over-rated...peace, love and happiness to all.

[melovemusic]

No it's bad. If I'm not buying I'm sure a lot of people aren't buying near as much too. It will continue to go down I have a feeling. I'm even looking into getting back into CDs and buying a streaming device to hookup to my vintage system.

[jefflunz]

I save money buying CDs, instead of LPs.