Sirius XM stock will rise by Auto Sales Bode Well

Sirius XM is up 1.4 percent or 0.017 on the day, trading at $0.9754. Shares were up at $1.25 a month ago but have dropped below $0.90 twice since then.

Sirius XM has deals with every major automaker to offer Sirius or XM satellite radios as factory or dealer-installed equipment in their vehicles. SIRIUS and XM radios are also offered to rental car company customers. The deals are "anchored by GM, Ford, Honda(HMC), Chrysler -- with Toyota particularly poised to become an increasingly important channel as well, as it ramps up factory installation," Amobi says.