An alternative take on the hype.
Through most of the 2010s and until recently, the stories reporting huge vinyl sales increases referred to the
value of product sold.
E.g.
https://pitchfork.com/news/vinyl-record-sales-increased-almost-30-in-2020-riaa-says/ (this is from 2020).
All of a sudden, just as the increase of value of vinyl sold fell to 3.1% in 2022, now we are being told that there is a massive increase in the
number of LPs sold:
Artists including Taylor Swift, Lana Del Rey and Blur have aided the sales
www.nme.com
Somebody has a story to sell, and a leveling off in money spent on vinyl isn't it.
Of course, this is good news for buyers for now, suggesting that the price of vinyl, at least in the US, has gone down. That might be because some vinyl from recent years is being remaindered and sold off. That is happening here, as I confirmed at our local LPs and microwaves store today, they had a boxful, and some other big reductions on the shelves. I'm told that is the same at a couple of specialist stores as well, but haven't checked.
I may be getting ahead of myself as there are a couple of big sellers since the NME article, but let's see: it may mean the US market is peaking by value, and more so if you take you-know-who out of the picture. What happens next?