Acura Certified Pre-Owned Car Buyers Get 3 Months Complimentary XM Service
WASHINGTON, Oct. 11 /PRNewswire-FirstCall/ -- XM Satellite Radio
(Nasdaq: XMSR), the nation's leading satellite radio service with more than
7 million subscribers, and Acura today announced the first complimentary
satellite radio service program for Certified Pre-Owned (CPO) vehicles.
Beginning this fall, Acura will offer three months of complimentary XM
service on CPO Acura models with factory-installed XM Satellite Radio,
including: RL, TL, TSX and MDX. Acura currently inspects, certifies and
remarkets more than 35,000 previously-owned vehicles per year, with
approximately one-third featuring standard XM Satellite Radio, a rate that
will grow over time as XM continues to be offered as standard equipment
across Acura models.
"Acura's CPO program will introduce XM Satellite Radio to a new and
growing category of customers," said Steve Cook, executive vice president,
Automotive, XM Satellite Radio. "XM's reach will now extend to Acura's pre-
owned customers who seek the same high performance standards and quality as
they have come to expect with a brand new Acura."
"Whether they choose to invest in a new or Acura Certified Pre-Owned
vehicle, our customers get an ownership experience that is second to none,"
said Dan Crowe, Automobile Remarketing Manager for Acura. "With the
expansion of XM Satellite Radio to our entire 2007 new model line, it's
only fitting that we also offer the nation's leading satellite radio
service to our Certified Pre-Owned customers."
Every CPO Acura originally equipped with XM Satellite Radio will be
available with three months of complimentary XM service and a waived
activation fee. All Acura CPO Vehicles also come standard with a Certified
Limited Warranty (12 months/12,000 miles) and a 7-year/100,000 mile
Powertrain Limited Warranty.
About XM Satellite Radio
XM (Nasdaq: XMSR) is America's number one satellite radio company with
more than seven million subscribers. Broadcasting live daily from studios
in Washington, DC, New York City, the Country Music Hall of Fame in
Nashville, Toronto and Montreal, XM's 2006 lineup includes more than 170
digital channels of choice from coast to coast: the most commercial-free
music, premier sports, news, talk radio, comedy, children's and
entertainment programming; and the most advanced traffic and weather
information.
XM, the leader in satellite-delivered entertainment and data services
for the automobile market through partnerships with General Motors, Honda,
Hyundai, Nissan, Porsche, Subaru, Suzuki and Toyota, is available in more
than 140 different vehicle models for 2006. XM's industry-leading products
are available at consumer electronics retailers nationwide. For more
information about XM hardware, programming and partnerships, please visit
http://www.xmradio.com.
Factors that could cause actual results to differ materially from those
in the forward-looking statements in this press release include demand for
XM Satellite Radio's service, the Company's dependence on technology and
third party vendors, its potential need for additional financing, as well
as other risks described in XM Satellite Radio Holdings Inc.'s Form 10-K
filed with the Securities and Exchange Commission on 3-3-06. Copies of the
filing are available upon request from XM Radio's Investor Relations
Department.
SOURCE XM Satellite Radio
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Related links:
http://www.xmradio.com/
CONTACT:
Chance Patterson, +1-202-380-4318,
chance.patterson@xmradio.com, or David Butler, +1-202-380-4317,
david.butler@xmradio.com, both of XM Satellite Radio
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