With Awesome Auto Sales In March, Will Sirius XM Raise Guidance?
By Spencer Osborne: While it is not yet a foregone conclusion, analysts are expecting very robust auto sales in March. The current pace would appear to make March the best sales month in well over a year. With sales expected to approach 1,450,000 units, most Sirius XM (NASDAQ: SIRI) investors should be primed for good headlines come April 2nd.In 2011, the best sales month of the year was March. The tally for March of 2011 was 1,245,000. Clearly, if March of this year can deliver 200,000 more in auto sales, people will have ample reason to be happy. While the streak of SAAR increases will stop (last month was 15.1 and the SAAR anticipated for March is 14.6 million), the overall news is quite positive. In addition, March will bring to a close the first quarter of sales, giving a decent idea of how close the auto sector should be able toComplete Story »