Sirius XM Had A Great Quarter Thanks To New Car Sales

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Things are looking up all over. Sirius just reported that they had a great quarter thanks to new car sales. They are up 118% new subscribers from Q1 2010 and hit 20 million subscribers, up 2 million from the same period last year.

Subscriber growth accelerates. Strong auto sales drove net subscriber additions in the first quarter of 2011 to 373,064, up 118% from 171,441 in the first quarter of 2010. Ending subscribers as of March 31, 2011 were 20,564,028, up 9% from the 18,944,199 subscribers reported as of March 31, 2010.

Clearly the small uptick in buying is improving the outlook for cars and the radios inside them alike.