The Car and Truck Fleet and Leasing Management Magazine

Satellite Radio Shows Growth

January 8, 2002

Since its national debut in mid-November, XM Satellite Radio has sold 25,000 to 30,000 subscriptions to its new national radio service, XM Radio, according to the New York Times. In the same period, consumer electronics stores sold nearly an equal number of the specialized radios necessary to receive the signals, making national satellite radio one of the fastest-growing new products the audio industry has seen in years. XM Radio’s arrival in time for the holiday season enabled it to take a substantial lead over its single competitor, Sirius Satellite Radio, the only other satellite radio license holder.
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