NEW YORK, May 3, 2012/PRNewswire/
-- Sirius XM Radio (NASDAQ: SIRI) and Sonic Automotive,
Inc. (NYSE: SAH), one of the nation's largest
automotive retailers, today announced that every one of
Sonic Automotive's 108 dealers will automatically give
their customers a 3-month SiriusXM subscription when they
purchase a pre-owned vehicle, regardless of manufacturer,
equipped with satellite radio.
"Sonic dealers are devoted to giving their customers
an attractive selection of pre-owned vehicles," said
Harold McLarty, Vice President of Pre-Owned
Vehicles, Sonic Automotive. "SiriusXM is
installed in many of the pre-owned vehicles we sell.
So, delivering 3 months of SiriusXM's expansive
programming is a value-added feature we are excited to
provide our customers."
"Sonic Automotive is one of the largest pre-owned
vehicle retailers in the country and we are thrilled to
have all their locations participating in the SiriusXM
pre-owned vehicle program," said Joe
Verbrugge, Senior Vice President and General
Manager, Automotive Remarketing and Retail Sales,
SiriusXM. "Including a 3-month SiriusXM
subscription is a fantastic benefit to Sonic Automotive
customers, allowing them to leave the lot with unparalleled
entertainment delivered by SiriusXM and accessible at the
touch of a button in their newly-acquired pre-owned
vehicles."
Sonic Automotive customers purchasing pre-owned vehicles
will have access to commercial-free music, and premier
sports, news, talk, entertainment plus traffic and weather
information broadcast by SiriusXM.
For more information on SiriusXM, please visit www.siriusxm.com.
About Sirius XM Radio
Sirius XM Radio is
America's satellite radio company. SiriusXM
broadcasts more than 135 satellite radio
channels of commercial-free music,
and premier
sports, , talk,
entertainment, traffic,
weather, and data services to more than 22 million
subscribers. SiriusXM offers an array of content from many
of the biggest names in entertainment, as well as from
professional sports leagues, major colleges, and national
news and talk providers.
SiriusXM programming is available on more than 800 devices,
including pre-installed and after-market radios in cars,
trucks, boats and aircraft, smartphones and mobile devices, and
consumer electronics products for homes and offices. SiriusXM
programming is also available at siriusxm.com,
and on
Apple, BlackBerry and Android
-powered mobile devices.
SiriusXM has arrangements with every major automaker
and its radio products are available for sale at shop.siriusxm.com as well
as retail locations nationwide.
About Sonic Automotive
Sonic Automotive, Inc., a Fortune 500 company based
in Charlotte, N.C., is one of the nation's largest
automotive retailers. Sonic can be reached on the web
at www.sonicautomotive.com.
This communication contains "forward-looking
statements" within the meaning of the Private
Securities Litigation Reform Act of 1995. Such
statements include, but are not limited to, statements
about future financial and operating results, our plans,
objectives, expectations and intentions with respect to
future operations, products and services; and other
statements identified by words such as "will likely
result," "are expected to," "will
continue," "is anticipated,"
"estimated," "believe,"
"intend," "plan,"
"projection," "outlook" or words of
similar meaning. Such forward-looking statements are
based upon the current beliefs and expectations of our
management and are inherently subject to significant
business, economic and competitive uncertainties and
contingencies, many of which are difficult to predict and
generally beyond our control. Actual results may
differ materially from the results anticipated in these
forward-looking statements.
The following factors, among others, could cause actual
results to differ materially from the anticipated results
or other expectations expressed in the forward-looking
statements: our competitive position versus other
forms of audio entertainment; our dependence upon
automakers; general economic conditions; failure of our
satellites, which, in most cases, are not insured; our
ability to attract and retain subscribers at a profitable
level; royalties we pay for music rights; the unfavorable
outcome of pending or future litigation; failure of third
parties to perform; and our substantial indebtedness.
Additional factors that could cause our results to differ
materially from those described in the forward-looking
statements can be found in our Annual Report on Form 10-K
for the year ended December 31, 2011, which is
filed with the Securities and Exchange Commission (the
"SEC") and available at the SEC's Internet
site ( http://www.sec.gov). The
information set forth herein speaks only as of the date
hereof, and we disclaim any intention or obligation to
update any forward looking statements as a result of
developments occurring after the date of this
communication.
O-SIRI
Contact for SiriusXM:
Sal Resendez
sal.resendez@siriusxm.com
646 313 2405
SOURCE Sirius XM Radio