Sirius and Auto Sales: Edmunds Forecasts 12.2 Million SAAR for November

Satellite Radio Playground submits:

By Demian Russian

It’s beginning to look a lot like Christmas. Edmunds released their November forecast for November U.S. auto sales Wednesday and things are looking pretty good for Sirius XM (NASDAQ:SIRI) going into the end of the year. The large majority of Sirius XM’s subscriber growth comes from the OEM channel. Analysts at Edmunds are projecting a November SAAR (Seasonally Adjusted Annual Rate) of 12.2 million, which matches last month’s October SAAR. While Edmunds is projecting total November vehicle sales of 865,000, which is a 8.1% drop month-over-month, November is historically one o

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