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

McLaren has already shown some interest in electrifying their models. And initially, we thought that they will just use hybrid systems to use across their current lineup. Nevertheless, we have...
by - August 19, 2017
Fifty years after its glorious victory at the 24 Hours of Le Mans, Ford launches the 2018 Ford GT ’67 Heritage Edition at the 2017 Monterey Car Week. The red...
by - August 18, 2017
Hyundai has recently unveiled an unnamed pre-production model of its new fuel cell SUV. We don’t know what to call this model just yet, but sources say that this model...
by - August 18, 2017
This weekend at the 2017 Pebble Beach Concours d’Elegance, the BMW Z4 Concept will make its first public appearance. The good news is that we will finally have a real...
by - August 18, 2017
While Honda’s new 2018 HR-V will be rolling out at the dealerships with just a few updates, the company is certainly not giving up its spot as the best-selling vehicle...
by - August 18, 2017
Facebook

Youtube Channel

Tip Us
Do you have a tip for us?
Did you film an important event?
Contact us
Newsletter
Subscribe to our newsletter!
Subscribe
Galleries