October Auto Sales Top Expectations

October saw auto sales beat expectations as October of 2014 was the best October seen in many years.  Sales came in at an impressive 1.277 million, an improvement over the 1.203 million sold in October of 2013.  The news sets up a good start to the Q4 numbers and should also bode well for SiriusXM Satellite Radio.  The SAAR for October of 2014 was 16.5 million.  This is not the highest SAAR we have seen this year, but it is in the top side of monthly SAAR’s during the year.  Truck sales seemed to lead the way.

Most automakers saw month over month gains.  The year to date total on car sales now stands at 13.67 million with two months of sales left in the year.  Hitting 16 million would seem to be well in hand and challenging 16.5 million an outside possibility.  Historically, November is better than October and December better than November.

For SiriusXM any new car sales help.  The company has different types of deals that relate to when a new car is counted as a subscriber.  In October the companies that count as subscriptions at manufacture accounted for 39.47% of the pool.  The companies that count subscribers at the time of sale accounted for 13.14% of the pool, and the companies that do not count trials as subscriptions accounted for 47.39%.

october auto sales

 

quarterly results

SiriusXM Earnings Look Good, But Look Deeper

SiriusXM reported earnings today, and at first blush it would appear that the company met expectations, and is performing well enough to raise some guidance metrics for the balance of the year.  The company reported record revenue, saw net income increase 117%, had a record $381 million in adjusted EBITDA, has repurchased $2.1 billion in… → Read More

support3

SiriusXM Earnings Are On Tap

We are just a day away from SiriusXM announcing its Q3 earnings.  The company appears to have had a very good Q3 in that it raised subscriber guidance over a month ago.  Auto Sales in 2014 have been strong, and the company seems to have seen good traction in the used car segment as well…. → Read More

10-20 siri1

SiriusXM Inks Deal With Maserati

SiriusXM announced today that buyers of Maserati cars will be able to receive 3 months of SiriusXM Satellite Radio included in the purchase of the car.  Buyers of  the Quattroporte or Ghibli vehicles will get advanced services which includes 4 years of traffic conditions, weather, fuel, scores, and movie listings. SiriusXM has been available in… → Read More

quarterly results

SiriusXM To Report Q3 Results

File under….Thank God…. SiriusXM will announce its Q3 results on October 28, 2014 at 8:00 AM.  This news is welcomed because SiriusXM has been drifting downward for a couple of weeks now and perhaps the good quarter that the company will soon announce can be enough to apply the brakes on this slide.  SiriusXM already… → Read More

What's New on the Forums

greg-maffei-of-liberty-media

Liberty Media Would Love To Own SiriusXM But Wont Chase It

This week the subject of Liberty Media buying out SiriusXM raised itself again when Greg Maffei stated, “Sirius holders wish they took the deal”, referring to a proposed deal at the beginning of 2014 that had Liberty effectively paying about $3.86 per share to get the half of the company it does not own.  Since… → Read More

oem channel

September Auto Sales Deliver 1.24 Million Vehicles

Auto sales in September came in at 1.24 million units.  This was up 9% from last year, but well below what we saw in August, which delivered 1.58 million in sales and a SAAR of 17.5 million.  The SAAR for September was 16.4 million.  Charts of the auto sales figures are available to SiriusBuzz Premium… → Read More

gavel.jpg

SiriusXM To Appeal Turtles Lawsuit As Turtles Set Sights On Pandora

Fresh off of a legal victory in a lawsuit against SiriusXM, the Turtles are setting their sights on Pandora with the exact same claim.  Meanwhile SiriusXM has vowed to appeal the lawsuit.  SiriusXM’s CFO David Frear stated at an investor conference that the company would appeal, but the argument is not that artists should not… → Read More

gavel-hand

Court Decision Stings SiriusXM

A Federal judge has ruled in favor of the Turtles in a lawsuit about royalties that may mean that the Turtles and Sirius XM are not “Happy Together”.  In addition, the ruling may pave the way for royalty payments to many other artists who’s songs predate 1972.  The copyright laws in the United States deal… → Read More

magnify

SiriusXM To Present At Conference

SiriusXM’s Jim Meyer, its Chief Executive Officer, is expected to speak at the Bank of America Merrill Lynch 2014 Media, Communications & Entertainment Conference on Tuesday, September 16, at approximately 7:00 pm ET.  The timing of this bodes well for the company, as it will be a very public place to speak to increased subscriber… → Read More