The Entertainment Retailers Association reports today that sales of vinyl records in 2014 has already managed to surpass the previous year, despite three full months left still remaining.

"Year-to-date sales of vinyl albums now total 844,122, according to ERA analysis of Official Charts Company data, compared with the 829,243 sales recorded in 2013," the report claims. "With three months of the year still left to run, that means total 2014 vinyl sales will almost certainly exceed one million, more than four times their level as recently as 2008."

The news, while positive for the often shaken music industry, is hardly much of a surprise. World-wide, vinyl sales continue to increase in major music markets like the UK and U.S., which grew a massive "40.4" percent in 2014 according to Neilsen Soundscan as of July. The information and sales tracking system calculated that sales increased in the U.S. by over 30 percent in 2013, with figures steadily increasing.

Entertainment Retailers Association Director General Kim Bayley commented on the report, saying, "This is an extraordinary turnaround. Independent retailers were first to identify the untapped potential for vinyl and made it the focus of Record Store Day. With record labels now making more vinyl available, this trend shows no sign of abating."

While the monumental increase in vinyl records is certainly positive, the country's physical music market is still predominantly directed by CD sales - which compose roughly "97 percent" of sales. But as of last August, Billboard reported that CD sales "hit a new low" in the States. At the time, U.S. markets reported only selling more than five million cumulative albums for five weeks in 2014. "Through August 24th, CD sales are down 19.2 percent year-over-year while sales at mass merchants and chains have fallen 23 percent and 25.6 percent, respectively."

"I remember when album sales fell under 10 million units and the industry reacted like it was a tragedy," says one distribution executive. The downward trend in the U.S. began in 2002, steadily. Experts suggest that three million average sales per week can be expected in 2015.

While the transition to streaming music and downloads continues to unfold and world-wide CD sales stumble, these reports do conclude that the "Vinyl Revival" is no mere fad. Last year, the British Phonographic Industry reported the "9 out of 10" vinyl buyers preferred the older format. The top-selling vinyl record of 2014, as of today, is The Arctic Monkey's 2013 LP AM, followed by Jack White's Lazaretto, with Oasis' vinyl reissue of Definitely Maybe coming in third.

CBS News in the U.S. conducted this report on the trend earlier this year.