It is an amazing time for SiriusXM (NASDAQ:SIRI). Just a couple of years ago, the concept of SiriusXM buying other companies was not even a thought. Fast forward a bit and we have seen a special dividend, share buybacks, savvy refinancing, and now an acquisition! SiriusXM announced today that it has entered a definitive agreement… → Read More
SiriusXM is installed as standard equipment in dozens of car models and is a component in about 65% of all new vehicles that roll off of the assembly line. However, in some of the smaller auto-makers satellite radio can be an expensive option rather than a value added lure. Tesla Motors announced its newly revamped… → Read More
SiriusXM is stepping up its game by offering one year of satellite service (instead of the typical three months) to customers who purchase a new BMW, Mini, or BMW motorcycle. Not only will customers be treated with a year of gratis service when purchasing any 2013 vehicle equipped with a satellite radio but, they will… → Read More
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SiriusXM Radio (NASDAQ: SIRI) today announced that beginning in 2013 Toyota will significantly increase the availability of SiriusXM across its entire vehicle line-up. This represents an expansion of an existing deal that runs through 2017. Toyota has offered satellite radio in several models for quite some time, but has not been as aggressive as other… → Read More
Despite a weak start to the month due to Superstorm Sandy, auto sales for November of 2012 are expected to top 1.1 million. This would represent a 12% increase over November of last year, and is just over the pace that was posted in October of this year. If November sales hit the expected 1.1… → Read More
When SiriusXM CEO Mel Karmazin was speaking at a Bank of America conference he was asked by Jessica Reif Cohen, an analysts, about a new deal taking shape in Q4 of 2013 and how that deal would be good for SiriusXM. Karmazin essentially dodged the question leaving many of the passionate SiriusXM investors wondering if… → Read More
SiriusXM (NASDAQ:SIRI) announced a new telematics deal with Nissan today that is a bigger deal than most probably imagine. Nissan has selected SiriusXM as its exclusive provider for a suite of telematics products that will be incorporated into Nissan vehicles. The news is big because it represents a new revenue stream for SiriusXM and could… → Read More
SiriusXM has added Hendrick Automotive to their ever growing list of pre-owned dealership partners. Hendrick customers, like those at Penske, Autonation, Asbury, and Sonic, will score a three month free trial when they purchase any used car with a factory satellite radio receiver. Hendrick Automotive is one of the nation’s largest and most successful privately… → Read More
It was just announced yesterday that SiriusXM is now installed in more than 50 million vehicles and it looks like the company is now looking to capitalize on the large majority of those inactive radios by offering a free 3-month subscriptions to anyone who purchases a pre-owned vehicle from any Toyota dealership across the U.S…. → Read More
Fans of SiriusXM will be excited to know they can now pick up a free 3-month subscription with the purchase of any pre-owned Volkswagen vehicle. The deal is good at any dealership across the United States but, as always, it’s only good on vehicles equipped with a factory installed satellite radio system. As an added… → Read More