The Vinyl Fad Appears to Be Over
Though it experienced something of a renaissance over the past half decade, the vinyl industry appears ready for a role reversal. The latest numbers being reported by Nielsen Music show that, while vinyl sales remain up over last year, they certainly aren’t growing at the pace they were even two years ago.
In 2015, sales of vinyl records jumped 38 percent year-over-year with 5.6 million in sales. In 2016, that number showed to 12 percent growth. And, according to the latest figures, sales have slowed again during the first half of 2017 to just 2 percent year-over-year.
According to reports in a number of outlets including Channelnews and the Wall Street Journal, the slump can be pinpointed on two things in particular: low quality and high prices. Purists and audiophiles have been ripping studios for ripping new LPs that are of much lower quality than “old” LPs, claiming that record companies are using digital files and lower-quality CDs to cut today’s vinyl records rather than the original tapes as a way to save time and money. And, because of the resurgence in popularity vinyl has experienced over the past few years, companies are getting away with charging more for what essentially amounts to worse sounding records.