8% of all books sold in 2004 were used books

The New York Times offers wealth of statistics on used book market and its relationship with the Internet. Book Industry Group says that used books accounted for $600 mln, or 3%, of the $21 bln that Americans spent on books in 2004. The market for used textbooks estimated at $1.6 bln, or more than 30% of the $5.3 bln spent by consumers on educational and professional books. Used-book purchases accounted for $2.2 bln, or 8%, of the $26.3 bln that American consumers spent in 2004 on books of all types. That total was up 11% from 2004.