GM’s Latest Move Should Help Sirius XM
Hyundai has made huge strides in a short period of time, and now enjoys models that are among the top sellers in their class with growing share each passing month. So why is Ewanick so important to General Motors? Because he understands the dynamics of the auto business and what needs to be done from a marketing perspective to make that happen.
Ewanick’s mission at GM is to MOVE METAL, and that is a theme that should resonate with Sirius XM Investors. General Motors is the top selling car producer in the OEM arena, and is among the, if not the top satellite radio installer. GM promotional subscribers are counted at the time of sale, and if GM is going to move metal, that means a sales pace that will at least match what they are currently doing.
Ewanick starts later this month, and his impact should begin to show quickly. Watch for him to concentrate on consumer value across the board, and more luxury for the consumer dollar. Sirius XM should get some cases of chip-sets antennas and radio’s over to GM as soon as possible to ride this wave. If Ewanick can boost GM’s share, other makers will have to follow suit. A Healty GM is good for satellite radio.
Position – Long Sirius XM, No Position OEM’s
You can put together a genius marketing plan to sell dog doo and sell some initially…but in the end if all you have is dog doo everyone will eventually figure it out and not buy it.
Hyundai has a great product, the marketing got them noticed. If GM doesn’t start producing a superior product, all the marketing in the world won’t matter. Let’s see if this dinosaur can pull their head out of their butts and do something.