<< Read Full Article

Sirius XM Should Buck Weak Car Sales

Stock quotes in this article: SIRI , F , GM , TM  

Despite another dramatic decline in automobile sales last month, analysts say Sirius XM (SIRI Quote) should easily outlast the storm.

Thanks to increasing car models that are coming off the assembly line with Sirius or XM receivers installed in their dashboards, Sirius XM should see rising penetration rates offset the rapid slide in new vehicle sales.

In September, Ford (F Quote) said vehicle sales tumbled 34%, General Motors (GM Quote) saw a 16% decline, and Toyota (TM Quote) reported a 30% drop in sales. ...

<< Read Full Article

Recent Comments

Loading .....




Dow Jones S&P 500 NASDAQ 10-Year Note
10,405.83 1,102.35 2,190.86 34.82
Oil *
71.98
UP
68.78
UP
6.41
UP
7.13
UP
0.59
10 Yr
3.48%
SPDR Gold
110.82
+0.67%
+0.58%
+0.33%
+1.72%
Data delayed 20 minutes

Brokerage Partners

TheStreet Premium Services

All Services