E-Commerce Spurs Exploding Used-Book Market, Study Reports
On February 27, the Book Industry Study Group (BISG) released its new study of the used-book market, based on sales in the U.S. for the calendar years 2003 and 2004. The Used-Book Sales: A Study of the Behavior, Structure, Size, and Growth of the U.S. Used-Book Market notes that, propelled by e-commerce, the used-book market is "exploding," and it estimates that in 2004 total used-book revenue exceeded $2.2 billion, with 111 million used-book units sold, up 11 percent over 2003.