Sirius XM tops 50 million factory vehicle installations

Article by Anita Panait, on August 24, 2012

Sirius XM Radio Inc. had passed 50 million factory vehicle installations of its satellite radios, the company said in a statement. The satellite radio provider expects to pass 100 million factory vehicle installations by 2018.  The company added that SiriusXM will be fitted in almost 70 percent of new vehicles sold in the United States in 2012.

Jim Meyer, president of operations and sales at Sirius XM, said that the growing installation rate means that SiriusXM is not only available to most new-car buyers, but also to more used-car buyers. Earlier in August, Sirius XM posted a 14-percent increase in subscribers in the second quarter of 2012, thanks to higher new-vehicle sales.

During the second quarter of 2012, Sirius XM added around 622,000 subscribers, raising its total to 22.9 million. Around 1.02 million people subscribed to Sirius XM in the first six months of 2012.

Sirius XM chief executive Mel Karmazin revealed during a conference call on August 7, 2012, that around two-thirds of new vehicles sold in the United States come with a satellite radio and a trial to SiriusXM, thanks to long-term deals with carmakers. Around 45 percent of the trial users became paid subscribers after their new-vehicle trials ended in the second quarter.

If you liked the article, share on:

Comments

Recommended

It has already been months since Czech carmaker Skoda unveiled the comprehensively refreshed – both in terms of design and engineering -- Fabia hatchback. Now, the car company will be...
by - November 14, 2018
After VIN registrations revealed months ago that Porsche was planning a new 718 Cayman T, new details have surfaced that about the hardcore model. According to a report by Auto...
by - November 14, 2018
After confirming in 2017 that its midsize pickup would be coming back to the United States, Ford took the wraps off the 2019 Ranger early last year. It featured an...
by - November 14, 2018
In case you missed it, Ferrari is joining the world of crossovers. As SUV and crossovers continue to rule the demand in the automotive world, the Italian sports car maker...
by - November 13, 2018
McLaren has already commenced the production of the McLaren Senna sports car this year. On the other hand, Aston Martin will start building the much-anticipated Aston Martin Valkyrie hypercar in...
by - November 13, 2018