12VOLT CENTRAL STUDIOS (10.05.24) The 12volt Spin-to-Win Wheel was created to bring an element of fun to the 12volt industry. The weekly 12volt Spin-To-Win Wheel is now spinning in Year 6.

The 12volt Spin-To-Win Wheel rolled for the 291st time on Friday morning on October 4th. The Wheel landed on the Massive Audio space and the DAW Discount Audio and Wheels slip was drawn from the jar. An Instagram post of the winning spin slip was posted. A video of the Wheel spin was also posted.

We will reach out to the winning retailer in Paramount CA and let them know a cool Massive Audio prize product will be headed their way.

Spinning out a winner each Friday, a lucky 12volt retailer can win a cool prize and top brands receive visibility across the marketplace.

12volt brands with a space on the 12volt Spin-To-Win Wheel include KICKER, RDV, PowerBass, CRUX, JBL, Kenwood, JVC, THINKWARE, Race Sport Lighting, EBS Audio, King Boxes, Lids-On-Demnd and Massive Audio. 12volt News $100. cash awards also have spaces on the 12volt Spin-To-Wheel for the winning 12volt retailer.

Past winners of the 12volt Spin-To-Win include…Stereo & Video Center-Tyler TX, The Outlaw Garage-Franklin TN, Exotic Sounds-West Palm Beach FL, Endless Possibilities-Aurora IL., Go Auto Sound in Union City NJ, Al&Ed’s South Bay CA, No Limitz Car Audio in Upland CA, Neil’s Specialty-Eureka CA, Sturgess Customs-Lexington SC, Audio By Art-San Antonio TX, SMS Car Audio in Marreo LA and Sweet Wheelz in Mississauga Ontario Canada, Cartronics in Biscayne FL, The CarAudio Shop in St Louis MO, Exotic Sounds in West Palm Beach FL, High North Customs in Grand Prairie Alberta Canada and AMS Audio in Bakersfield CA, Team QRT in Abbeyville LA and California Sound in Fontana CA and Jackie Cooper Electronics, Oklahoma City OK, MARS Audio-Orlando FL, All American Audio in Nutley NJ, Proline Car Stereo in Brooklyn NY, Custom Shop Miami, Tunes and Tint in Lakeland FL, Mobile Concepts Inc in Mokena IL, Seismic Auto Sound in Concord CA, Brooklyn Car Audio in Brooklyn NY, Audio Solutions in Florence MS, Enhanced Customs in Largo FL, Rayco Auto Clinic, Audio Design in San Jose CA, Go Bass Mode in Florida, Avenue Sound in Freeport NY, Audio Plus in Riverview FL, Stereo Zone in Whittier CA, In-Phase Car Audio in Omaha NE, AutoLife Group, N&H Electronics, SK Customs, Land & Sea, The Audio One, NC Custom Shop,Tint World Orlando, Ricky Smith’s Audio, VIP Custom Woks, Mobile Audio Concepts, Audio Lad, Sound Sensations, Dave’s Stereo, Stereo Design, Badlands Customs, Custom Audio-Erie PA, Voltz Autosports-Bridgeport CT, Infinity Sound and Security-Kissimmee, Autosport Plus-Canton OH, Stereo City Pros in Carmichael CA, Devine Concepts in Naples FL, The Sound Shop in Indian Trail NC, Extreme Performance Audio in Fresno CA, Audio Depot in Arlington TX, Audio Security in Houston TX, Earmark Car Audio and Marine in Lewisville TX, Audio Jam in Bear DE, Stereo City Ontario, Ontario CA, Audio By Art, San Antonio TX, Code Zero Customs in Tulsa OK, Ken’s Car Tunes in Mobile AL, Soundz Plus in Naperville IL, Markland Designs in Lithonia GA, Electronics Plus in Salinas CA, Xtreme Autosports in Santa Clarita CA, Superior Audio Sounds in San Angelo TX, Model Electronics in Ramsey NJ, Texas Dreamz Customs in Spring TX, Wired Electronics in Linden NJ and Intense Car Audio in OKC, OK, Underground Auto in Sarasota FL, Car Toys Tulsa in Tulsa OK,  Real Audio in Erie PA, Go Autosound in Union NJ, DFM Stereo in Ukiah CA, Impact Tint and Audio in Tyler TX, Mobile Sound Systems in Arlington TX, Redline Audio and Performance In Spindale NC, Car Audio Land in San Diego CA, Audio X Custom Car Audio in Florence AL, River Oaks Car Stereo in Houston TX, American Radio Orlando in Sanford FL, Illustrious Customs in Woodbridge VA, Remote Start Pros in Lawrence MA, HiPro Audio in Victoria TX, AudioPlanetNY in Huntington Station NY, Endless Possibilities in Aurora IL, Audio Finesse in Santa Monica, Drive Customs in San Luis Obispo CA, Custom Works, Noblesville IN, AtoZ Detail in West Haven CT, Cars 843 in Charleston SC, CarTunes Atlanta in Atlanta GA, Mobile Concepts in Garwood NJ, Duke’s Car Stereo in Flint MI, Infinity Auto Sound, King Car Audio in Norwalk CT, PopTronics in Baltimore MD, Sanford Sound in Sanford ME,  Angelvip2474 in Draper UT, Dynamic Car Audio in Baltimore MD, Hi-Pro Audio in Victoria TX, Car Stereo Max in Houston, Pro Audio Center in Richland MS, Rhodes Off-Roads in Farmington MO, Model Electronics in Ramsey NJ, Class A Sounds in Athens OH. Just Audio Video in North Providence RI, CT_Custom in Philadelphia, Audio Solutions in Florence MS and The Audio Shop RC in Rapid City SD, DG Motorsportz in High Point NC, ST Mobile in Texarkana TX, AR Custom OC in Orange CA, Temecula Mobile Sound in Temecula CA,  Unique Auto Sound in Lindenhurst NY, D’s Garage in Corona CA and DS2 Mobile Solutionz in Tomball TX, C G Car Audio in Kissimmee FL, California Audio in West Valley City UT and The Action Audio Store in Wethersfield CT, Eclipse Car Audio in Vancouver WA, Electronics Depot Car Audio in Altamonte Springs FL. Car Audio Garage in Pearland TX, Pinnacle Autosound in Lake City FL, J H Audio in Bowling Green VA, The Car Audio Shop StL in High Ridge MO, Anthonys Car Stereo in North Highlands CA, Flynn Audio in Middleton WI, Living Loud Car Audio in Pelham AL, Trail Star Audio in Minnesota, On The Spot Audio in Pennsauken NJ, Animated Car Audio in Essex MD, West Coast Car Audio in Citrus Heights CA, Modified Auto Sound in East Alton IL, Star Car Audio in Hermiston OR, VapeNAudio in Clovis CA, SoundWorks in Millersville MD Eclipse Car Audio in Vancouver WA, J A Custom Audio in Houston TX Jose Electronics in North Hills CA,  Sound Proof Car Stereo in Douglasville GA, Auto Additions in Springfield IL, Elite Car Audio in Hollywood CA, Masters Car Stereo in Greenville SC, Audio Plus in Eden NC, Seismic AutoSound in Novato CA, Car Audio Addicts in Pittsburgh PA and AudioKing Tinting in Yakima WA, Arias Tint and Alarms in Duncanville TX, Odeh Car Audio in Gadsden AL, 12volt Specialist in Newark DE, Cutting Edge Audio in San Diego CA, Southern Auto Fab in Lafayette LA, California Sound in Fontana CA, Big Boyz Toyz in Florence SC, 740 Audio in Athens OH and 12volt Outfitters in Hollywood FL., High Quality Auto Sound, Lawrence MA, Custom Car Stereo SC in Spartanburg SC, Zier Box in Dallas TX, Maximum in Manville NJ, Audio Car Stereo in Miami FL, Mach 1 Audio in Washington MO, Doren Car Stereo in Queens Village NY, Side-x-Side Audio in South Charleston WV, Sound Concept in Nanuet NY, Pda Road Gear in Littleton CO and A-Plus Audio and Tinting  Newington CT, Audio Electronics in Indianapolis IN, Tint and Sound in Frederick MD, Tint World Wilmington DE, VIP Autoworks in Mentor OH, All Out Audio in Killeen TX, Yong’s Audio in Indianapolis IN, Custom Audio Concepts in Lima OH, Clear Vibrations in Quakertown PA, The Outlaw Garage in Columbia TN, Xpert Car Audio in Layton UT, No Doubt Window Tint in Ardmore OK, San Diego Car Stereo in San Diego CA, Smart Audio in Lawrence MA, Car Audio One in Chula Vista CA, Audio Excellence in Orlando FL, Ultimate Sounds 1 in Wilmington NC, King Kong Custom Audio in Albuquerque NM. Manny’s Customs in Stockton CA, OD Car Audio in Pasco WA, Car Tunes on Line in Largo FL, INOV8 Audio in Houston TX, Kartel Mobile Electronics in Waterbury CT, Pro Auto Sound in Hialeah FL Mobile AVC in Brunswick ME, Fabulous Auto Alarms in Passaic NJ, Jimmy_Sound_System in Lawrence MA, American Audio Concepts in Houston TX, Arias Tint and Alarm in Duncanville TX, Big Papas Car Audio in Cincinnati OH, Houston Audio Lab in Houston TX, 901 Sound in Memphis TN, Kurtz Car Stereo in Traverse City MI, Sound By Stephen, Music In Motion in Alsip IL, Current Automotive Design in Sparta NJ, Prestige Sounds in Pompano Beach FL, Mobile AVC in Brunswick ME, Telza Audio in Columbia SC, Limelight Automotive in Webster NY, Victory Lap Auto Restyling East Moline IL, Unique Audio VA in Lorton VA, Builds by Paul in Litchfield AZ, Voodoo Customs in Haltom City TX, Elevated Design in Phoenix AZ, Mobilework/Tintworks in Santa Maria CA, Nappo Car Audio in Houston, Platinum Car Audio in Washington, Ballistic Audiowerks in Smithsburg MD,  Xteme-Car Audio in Bremerton WA, Beltline Motors in Decatur AL, Ultimate Sounds in Chattanooga TN, Santa Fe Auto Sound in Overland Park KS, Soundelux Car Audio in Chula Vista CA, Kartele Mobile Electronics in Waterbury CT, BK Audio in Pasco WA, CenCal Audio in Madura CA, Xtreme Auto Sound in Louisville KY,  Victorylap Auto Styling in East Moline IL, Car Trendz in Alexandria VA, BLVD Customs in Lakeland FL, Audio Systems in Montclair CA, Fitment_nyc_shop in Jamaica NY, King Audio in Norwalk CT. Foss Audio in Tukwila WA, OG Car Audio in Kissimmee FL, Tint and Tunes in Sacramento CA, Dr Dashboard in Evansville IN, The Sound Shop in Chino CA, Extreme Concepts in Albertville AL,The-King of Custom in Longwood FL, Car Audio Depot in Modesto CA and Audio Dreams in Acworth GA, PCH Custom Audio in Long Beach CA, Crazy Ralph’s Car Stereo in Gonzales LA,  Joe’s Cycle Therapy in Somerset MA, Cal Custom Audio in Tracy CA, NWA Audio in Bentonville AR,  XT Audio in Miami, Tim’s Audio in Newport OR and Build’s By Paul in Litchfield AZ

Congratulations to all.

WTF… Where’s The Fun……On the next spin of the 12volt Spin-To-Win Wheel 292 on Friday, October 11th.

Team Nutz and Fuel Required ‘Rolled In Hot’ In Castle Shannon

CASTLE SHANNON, PA (09.17.24) – Saturday, September 14th was the day the car community gathered at the Castle Shannon Memorial Hall outside of Pittsburgh for a charity event to benefit the Castle Shannon Volunteer Fire Department. The event was filled with amazing cars, delicious food and awards plus several vendors on site and offering ticket auctions for prizes. The dunk tank was fun also and brought smiles from many.

This drone shot shows part of the venue packed with vehicles.
It was a top down day for this classic.

“Saturday was a terrific day for us at Team Nutz and Fuel Required for the fundraiser. The combined activities helped raise over $6000 for the fire department. It was a great event for the car community and we gave away over 200 bags filled with giveaways, coupons, and discounts for all that entered the judging for classics at the event. We gave away over 60 auction baskets and it took us over three hours to give them all out. Connecting and growing all aspects of the car community is so important for the mobile electronics industry. Overall, it was just a great day” Ed Nuttall related.

Unique classics of all types were showcase at the event.
It was a classic weather day for the event.
The new Team Nutz Jeep will be a classic decades from now.

A special thanks to all of the local businesses that donated to the Rollin’ In Hot Car Show. Local businesses are always the backbone of supporting local causes. All help raise over $6000 for the CSVFD. We recently learned that the CSVFD is self-funded and they are not funded by tax money or insurance money. In recent years, the funding opportunities were put on hold from the Covid lockdowns. Support from the car community, local businesses and neighbors are what helped keep them moving forward to protect the surrounding communities. We thank all of those who came out to the show to make this happen. The above content was a post from Fuel Required.

Visit teamnutztechnology.com for more.

New SEMA Research: Vehicle Lifecycle Trends

DIAMOND BAR, CA (09.17.24) – New research (www.sema.org/research) by the Specialty Equipment Market Association (SEMA) is shedding light on the latest trends and developments in vehicle lifecycles, and providing new insights for those who provide parts for accessorizing and modifying the U.S.’s more than 289 million vehicles.

Findings in the new SEMA Vehicle Lifecycles Report include:

  • Vehicles are staying on the road longer, a continuing trend. The average U.S. vehicle age is now at 12.6 years, its highest number in over a decade. Passenger cars are now an average of 14 years old (up from 13.6), while light trucks rose slightly to 11.9, from 11.8.
  • Used-car market ticks downward but remains historically high. The average listing price of a used vehicle in the U.S. is $25,251, as of July 2024. Car values have fallen faster than that of light trucks, with the sharpest decrease in overall vehicle value found in EVs (-11%).
  • Stabilization of new vehicle prices offset by continued climb of interest rates.The average new vehicle price sits at $48,644, down slightly from the year prior, and halting a dramatic climb that began in the beginning of 2021. However, interest rates for new and used vehicles continue to hound buyers, remaining significantly higher than those offered in 2021-2022, regardless of loan-term length.
  • Automakers are producing fewer entry-level vehicles. While new vehicle inventory in 2024 has reached a three-and-a-half-year high, small cars and other entry-level vehicles (those priced below $20,000) make up just 0.7% of the market, compared with 7% five years ago. This lack of affordability has a profound impact on younger people, who are historically more price-sensitive than older drivers.
  • Two decades of increasingly dependable vehicles. Since 2003, vehicles have exhibited fewer problems, highlighting a growing reliability that is a boon to consumers. However, recent years have yielded an increase in vehicle issues tied to new technology-based automotive features, including driving assistance and infotainment systems; this trend could impact future dependability.
  • The nation’s fleet of vehicles is growing. The past year saw the net addition of 3 million more vehicles to the roads, with crossovers (72.7 million) closing the gap with passenger cars (89.2 million) as the dominant segment of the entire fleet. However, compared to 10 years ago, vehicle registrations skew more heavily toward light trucks than cars.
  • The specialty-equipment aftermarket continues to grow – and is expected to keep growing. Specialty equipment retail sales in 2023 surpassed $52.3 billion and are forecasted to grow to more than $57 billion by 2026.

The research also reveals trends across four categories of vehicles (Classic, Aged, Core, and Modern), highlighting age, popularity, usage, and consumer spending habits. For accessorizing, pickups and muscle cars are the top choice for enthusiasts. Meanwhile, vehicles in the Aged category are driving spending for performance products, as a way to refresh their older vehicle. Aftermarket product spending for Modern and Core vehicles was primarily (59% and 54%) on accessory and appearance products, while 43% of spending on Classic vehicles was for performance products.

Visit  www.sema.org for more.

Fullbay’s 2024-2025 Heavy Duty Repair Report Survey Now Open

PHOENIX, AZ (09.17.24) – Fullbay, the turn-key platform that improves the operational efficiency of heavy-duty repair shops, has launched its fifth-annual survey that generates the data, information and insights of the company’s State of Heavy-Duty Repair report. The survey covers topics related to inventory management, mobile repairs, finances and industry trends, as well as services offered and technician benchmarks for efficiency, hourly wages and more. The complete report will be available for free download in early 2025.

The survey offers repair shop owners and managers a confidential way to share their feedback on business operations and practices from the past year. The collected responses will be analyzed and compiled into a comprehensive report, highlighting benchmarks and trends, aiming to provide clarity and valuable insights for shop owners, fleet managers, key stakeholders, and others.

“Each year, our industry partners and community rely on us to develop and distribute our insights through our Heavy-Duty Repair Report to help them run their businesses more effectively,” said Patrick McKittrick, CEO of Fullbay. “With the launch of our fifth-annual report survey, we’re able to do that. I’m greatly looking forward to compiling and sharing the trends and benchmarks for the coming year.”

Respondents who take the survey will be entered for a chance to win a series of exciting Fullbay prizes including a $100 gift card or a limited-edition Fullbay swag box.

To take Fullbay’s survey click here. Participants must complete the survey before it closes on October 3. To view the 2023-2024 State of Heavy-Duty Repair report, click here.

JBL at the AM Customs Customer Appreciation Day

BLUE SPRINGS, MO (09.12.24) – JBL rolled into AM Customs early Saturday morning, September 7th in a big way in Blue Springs MO. Anthony Vick and his team hosted an AM Customs Customer Appreciation Day.

Chris Pace rolled the Arrowhead JBL trailer into the parking lot early. Shawn Spedding followed in his decked out Toyota Tundra and Jon Kluiter-Virtual Marketing Consultants trailer in his decked out Honda SxS for the event. VCM is an area Power Sports rep firm.

Jon Kluiter, Chris Pace, Anthony Vick and Shawn Spedding (L to R, we’re looking into the sun early on a clear Saturday morning in Blue Springs MO.
Spedding’s Tundra is pictured with the VMC Honda SxS and the Arrowhead JBL trailer to the left.

Shawn Spedding, Director of Sales for JBL Mobile Audio Aftermarket Consumer Audio stated “JBL was on site to support a strong JBL dealer in the territory. The AM Customs location grabs attention from the street outside and our JBL set up with the Arrowhead JBL trailer, Jon’s Honda and my Tundra really drew a lot of attention which helped Anthony connect with consumers and drive sales..

AM Customs is approaching two years in this new location with Anthony’s team of three supplying area consumers with great mobile audio products, installation and customer service.

Early Saturday all was set with vehicles and JBL tent ready to go.
The JBL roof system with Rally Bar in the VCM Honda.

Vick related “JBL is a main brand in our store and we offer several categories of products, including subwoofers, speakers, amplifiers, sound processors and to put great sound in consumers vehicles. With the JBL and Infinity trailer Chris definitely dared people to listen. Jon’s Honda featured a roof speaker installation and JBL RallyBars. That installation really opened eyes for power sports enthusiasts….with marine options too. Having the three vehicles out front of our store really drew attention to our store. We thank JBL, Shawn, Chris and Jon for their support.”

Pace offered “We have had the Arrowhead JBL/Infinity on the road in the MINK states for a few years. During that time we have continued to make upgrades to showvcase JBL and Infinity products and now spotlighting the motorcycle category. A big thank you to Anthony and AM Customs. The 12volt industry really needs proactive retailers like AM Customs to connect with consumers in their marketplaces to drive in-store experiences for consumers to learn of all the aftermarket upgrades available to enhance their driving time on the road.”

A JBL Tent was all set up out front at the event that showcased products with a grill alongside for hotdogs and refreshments. Pace has a cornhole board on the trailer and many people took their turns at making tosses. Winners received JBL T-shirts.

Visit jbl.com and amcustomskc.com for more.

SiriusXM Kicks off New Phase as an Independent Public Company

NEW YORK, NY (09.12.24) – Sirius XM Holdings Inc. (NASDAQ: SIRI) today kicked off a new chapter as an independent public company with a simplified capital structure and strategy for continued success following the closing of its transaction with Liberty Media.

“Today SiriusXM embarks on a new phase in our journey as an independent public company, building on our leading position in audio entertainment,” said Jennifer Witz, Chief Executive Officer of SiriusXM. “We’ve created a strong and profitable business, anchored by a subscription service that fosters deep and loyal connections with our listeners and a growing digital audio advertising platform which extends our reach to fans around the world, and we are excited about the future as we look to expand and strengthen both platforms.”

“As we look ahead, we remain committed to three key objectives: enhancing subscriber value with a focus on content, technology and pricing; growing our advertising offerings to both engage new listeners and deliver effective results for advertisers; and driving efficiency across the organization to continue our strong track record of financial performance. We look forward to building upon SiriusXM’s twenty-year history as the audio platform of choice for millions of North Americans in their vehicles, at home, and on the go, with the goal of creating long-term value for our stockholders.”

Financial Update
SiriusXM reiterated its full-year 2024 revenue and adjusted EBITDA guidance. As the company has stated in past earnings releases, the company planned to update its free cash flow guidance for transaction impacts. The company estimates these costs to be approximately $200 million and include transaction costs, incremental interest expense related to the debt assumed and incurred in connection with the Liberty Media transaction, and cash outflows at Liberty Sirius XM Holdings Inc. prior to the closing.

“As we enter our next phase as an independent company, we expect SiriusXM to continue delivering solid, profitable results,” said Thomas Barry, Chief Financial Officer of SiriusXM. “After completing the transaction, which had the effect of reducing our outstanding common stock by approximately 12% before giving effect to the 1 for 10 adjustment, our capital allocation priorities are consistent: investing in our business, focusing in the near- to mid-term on reducing debt to return to our long-term target leverage, and continuing our capital return posture. In connection with our first day as an independent company, we have reiterated our revenue and adjusted EBITDA guidance and incorporated the impact of the transaction in our updated free cash flow guidance.”

The company’s 2024 financial guidance is as follows:

Total revenue of approximately $8.75 billion,
Adjusted EBITDA of approximately $2.7 billion, and
Free cash flow of approximately $1.0 billion.
The company’s $200 million change to its free cash flow guidance reflects approximately $70 million associated with closing costs and go-forward incremental interest and approximately $130 million associated with historical, year-to-date cash outflows at Liberty Sirius XM Holdings Inc. prior to the closing of the transaction.

Adjusted EBITDA and free cash flow are non-GAAP financial measures. The company has not provided a reconciliation of adjusted EBITDA to projected net income (loss) or free cash flow to net cash provided by operating activities because full-year net income (loss) and net cash provided by operating activities will include special items that have not occurred and are difficult to predict with reasonable certainty prior to year-end. Due to this uncertainty, the company cannot reconcile adjusted EBITDA and free cash flow to their comparable GAAP measures without unreasonable effort.

Capital Return Program
SiriusXM plans to continue its recurring dividend, which adjusted for the 1 for 10 change in the Liberty Media transaction exchange ratio would be approximately 27 cents per quarter.

Upon completion of the Liberty Media transaction, the Board of SiriusXM authorized a $1.166 billion common stock repurchase program. The $1.166 billion common stock repurchase program is a continuation of the stock repurchase program of the former SiriusXM.

This newly authorized amount represents the amount that remained available under former SiriusXM’s $18 billion stock repurchase program that began in December 2012. Shares of common stock may be purchased from time to time on the open market and in privately negotiated transactions, including in accelerated stock repurchase transactions. SiriusXM expects to fund any repurchases through cash on hand, future cash flow from operations and borrowings under its revolving credit facility.

The timing and amount of any shares repurchased will be determined based on SiriusXM’s evaluation of market conditions and other factors and the program may be discontinued or suspended at any time. Repurchases will be made in compliance with all SEC rules and other legal requirements and may be made in part under a Rule 10b5-1 plan, which permits stock repurchases when SiriusXM might otherwise be precluded from doing so.

Target Leverage Ratio
The company also reiterated its long-term target leverage ratio of mid-to-low three times adjusted EBITDA. After appropriate investments in the business and its continuing regular dividend, SiriusXM expects to focus excess cash flows on debt reduction until it reaches this long-term leverage target while continuing to be mindful of strategic investment and capital return opportunities.

SiriusXM Evaluating Non-Cash Goodwill and other Intangible Assets
SiriusXM also announced that, with the completion of the Liberty Media transaction, the company will perform an evaluation of its goodwill and other intangible assets, particularly the goodwill and other intangible assets attributed from the Liberty Media transaction. The company has regularly assessed any asset impairments or impairment indicators of its legacy assets, and, as a result, any such post-transaction charges would primarily relate to goodwill and intangible assets associated with the Liberty Media transaction. The company expects to complete its analysis of this goodwill and the other intangible assets in the third quarter of 2024.

Such impairment charge, if any, would represent a non-cash charge to earnings, and it would not affect the company’s liquidity, cash flows from operating activities or debt covenants, or have any impact on future operations.

Transaction Closing Details
On September 9, 2024, at 4:05 p.m., New York City time, Liberty Media completed its previously announced split-off (the “Split-Off”) of its former wholly owned subsidiary, Liberty Sirius XM Holdings Inc. (“New Sirius”). The Split-Off was accomplished by Liberty Media redeeming each outstanding share of Liberty Media’s Series A, Series B and Series C Liberty SiriusXM common stock, par value $0.01 per share, in exchange for 0.8375 of a share of New Sirius common stock, par value $0.001 per share (the “Redemption”), with cash being paid to entitled record holders of Liberty SiriusXM common stock in lieu of any fractional shares of common stock of New Sirius.

Following the Split-Off, on September 9, 2024 at 6:00 p.m., New York City time, a wholly owned subsidiary of New Sirius merged with and into Sirius XM Holdings Inc. (“Old Sirius XM”), with Old Sirius XM surviving the merger as a wholly owned subsidiary of New Sirius (the “Merger” and together with the Split-Off, the “Transactions”). Upon consummation of the Merger, each share of common stock of Old Sirius XM, par value $0.001 per share, issued and outstanding immediately prior to the merger effective time (other than shares owned by New Sirius and its subsidiaries) was converted into one-tenth (0.1) of a share of New Sirius common stock, with cash being paid to entitled record holders of Old Sirius XM common stock in lieu of any fractional shares of common stock of New Sirius. Concurrently with the merger effective time, Old Sirius XM was renamed “Sirius XM Inc.” and New Sirius was renamed “Sirius XM Holdings Inc.”

As a result of the Transactions, Sirius XM Holdings Inc. is an independent, publicly traded company. Sirius XM Holdings Inc. common stock begins trading on Nasdaq under the ticker symbol “SIRI” on September 10, 2024.

Additional information regarding the Transactions is available in a Current Report on Form 8-K that the company filed yesterday with the U.S. Securities and Exchange Commission.

1 for 10 Adjustment
Upon consummation of the Liberty Media transaction, each share of common stock of Sirius XM issued and outstanding immediately prior to closing and held by the former minority stockholders of the company was converted into one-tenth (0.1) of a share of SiriusXM common stock. As a result, a holder of 100 shares of SiriusXM common stock, which closed on the Nasdaq Global Select Market at $2.67 prior to the transaction closing, received in exchange for such 100 shares 10 shares of SiriusXM common stock.

Share Reduction
Following the closing of the Liberty Media transaction, Sirius XM had approximately 339.1 million shares of common stock outstanding. The former holders of Liberty SiriusXM common stock own approximately 81% of Sirius XM and former Sirius XM minority stockholders own the remaining 19% of the new company.

The Liberty Media transaction resulted in the net reduction of approximately 12% of the company’s outstanding shares before giving effect to the 1 for 10 adjustment. The former holders of Liberty SiriusXM common stock surrendered a portion of their shares in the calculation of the exchange ratio in the new company in exchange for the assumption of certain net liabilities by the new company in the transaction.

Visit siriusxm.com for more.

SEMA Expands Commitment To Young Builders With Revamped Young Guns Program

DIAMOND BAR, CA (09.04.24) – SEMA Battle of the Builders presented by Mothers Polish, the industry’s premier vehicle competition, will feature an expanded Young Guns program this year that will provide the Top 10 finalists in the class the opportunity to experience showcasing their builds on-stage.

Prior to this year, industry experts serving as judges would determine the Top 10 and Top 3 finalists in each class, including Young Guns. Now, after the Top 10 Young Guns finalists are named, each will showcase their vehicle on-stage, and the finalists will vote to select the Top 3 builds that will advance to the final round of judging with finalists from the other Battle of the Builder categories.

“We’re continually looking for ways to support young talent and foster the future growth of the automotive aftermarket industry,” SEMA Vice President of Marketing RJ de Vera. “By expanding the Battle of the Builders competition format to provide Young Guns competitors their own on-stage judging round, we will shine a light on more of these young customizers.”

The Young Guns category, open to builders 29 years and younger at the time of the SEMA Show, was introduced in 2016 to bring national exposure to up-and-coming builders in the industry. Additionally, beginning Sept. 7-8 and continuing throughout the month, Young Guns competitors can be selected by the judges to participate in one or more virtual Golden Ticket events for the chance to win a prize package that includes transportation of their build to the SEMA Show along with travel and hotel accommodations.

Now in its 11th year, SEMA Battle of the Builders provides an international platform for SEMA Show builders to showcase their ingenuity. The competition recognizes class champions in four categories — Hot Rod & Hot Rod Truck; 4 Wheel Drive & Off-Road; Sport Compact, Import Performance, Luxury & Exotic; and Young Guns — and one of these four is crowned the overall Battle of the Builders champion.

Judges review all qualifying applications, including vehicle descriptions and photos, before walking the SEMA Show floor to review builds in-person and selecting the Top 10 finalists in each category. The finalists are then narrowed down to the Top 3 in each category, including the Top 3 Young Guns selected via the new competition format, and these 12 finalists become the judges and select the winner of each category and the overall champion.

“The automotive aftermarket will unite at the SEMA Show to showcase the hottest parts and latest technology, making it the perfect venue to highlight these amazing builds and emerging talent within the industry,” said SEMA Trade Show Director Andy Tompkins. “The Battle of the Builders program is another example of how the SEMA Show enables attendees to stay at the forefront of recent trends shaping the aftermarket and create industry connections that will set them up for future success.”

The 2024 SEMA Show, taking place November 5-8 at the Las Vegas Convention Center, is the place to discover new products and trends, make new business connections, strengthen existing ones, and help professionals take their careers and their businesses to the next level. Attendees can maximize their ROI by registering now and taking advantage of housing and travel discounts. Registration is $60 for qualified attendees who register by September 27. To learn more or to register to attend the 2024 SEMA Show, visit http://www.semashow.com.

For more information about SEMA Battle of the Builders and the Young Guns program, visit www.semabattleofthebuilders.com.

SEMA Expands Commitment To Young Builders With Revamped Young Guns Program

DIAMOND BAR, CA (08.29.24) – SEMA Battle of the Builders presented by Mothers Polish, the industry’s premier vehicle competition, will feature an expanded Young Guns program this year that will provide the Top 10 finalists in the class the opportunity to experience showcasing their builds on-stage.

Prior to this year, industry experts serving as judges would determine the Top 10 and Top 3 finalists in each class, including Young Guns. Now, after the Top 10 Young Guns finalists are named, each will showcase their vehicle on-stage, and the finalists will vote to select the Top 3 builds that will advance to the final round of judging with finalists from the other Battle of the Builder categories.

“We’re continually looking for ways to support young talent and foster the future growth of the automotive aftermarket industry,” SEMA Vice President of Marketing RJ de Vera. “By expanding the Battle of the Builders competition format to provide Young Guns competitors their own on-stage judging round, we will shine a light on more of these young customizers.”

The Young Guns category, open to builders 29 years and younger at the time of the SEMA Show, was introduced in 2016 to bring national exposure to up-and-coming builders in the industry. Additionally, beginning Sept. 7-8 and continuing throughout the month, Young Guns competitors can be selected by the judges to participate in one or more virtual Golden Ticket events for the chance to win a prize package that includes transportation of their build to the SEMA Show along with travel and hotel accommodations.

Now in its 11th year, SEMA Battle of the Builders provides an international platform for SEMA Show builders to showcase their ingenuity. The competition recognizes class champions in four categories — Hot Rod & Hot Rod Truck; 4 Wheel Drive & Off-Road; Sport Compact, Import Performance, Luxury & Exotic; and Young Guns — and one of these four is crowned the overall Battle of the Builders champion.

Judges review all qualifying applications, including vehicle descriptions and photos, before walking the SEMA Show floor to review builds in-person and selecting the Top 10 finalists in each category. The finalists are then narrowed down to the Top 3 in each category, including the Top 3 Young Guns selected via the new competition format, and these 12 finalists become the judges and select the winner of each category and the overall champion.

“The automotive aftermarket will unite at the SEMA Show to showcase the hottest parts and latest technology, making it the perfect venue to highlight these amazing builds and emerging talent within the industry,” said SEMA Trade Show Director Andy Tompkins. “The Battle of the Builders program is another example of how the SEMA Show enables attendees to stay at the forefront of recent trends shaping the aftermarket and create industry connections that will set them up for future success.”

The 2024 SEMA Show, taking place November 5-8 at the Las Vegas Convention Center, is the place to discover new products and trends, make new business connections, strengthen existing ones, and help professionals take their careers and their businesses to the next level. Attendees can maximize their ROI by registering now and taking advantage of housing and travel discounts. Registration is $60 for qualified attendees who register by September 27. To learn more or to register to attend the 2024 SEMA Show, visit http://www.semashow.com.

For more information about SEMA Battle of the Builders and the Young Guns program, visit www.semabattleofthebuilders.com.

JVC Now Shipping KW-M590BT and KW-M595BT Multimedia Receivers

LONG BEACH, CA (08.29.24) – JVC is excited to release its newest multimedia receivers, the KW-M590BT and KW-M595BT, are now available and ready to ship! These cutting-edge models are designed to enhance your in-car entertainment experience with exceptional features and versatility.

Innovative Hybrid Chassis for Flexible Mounting
Both the KW-M590BT and KW-M595BT feature JVC’s innovative 3.37″ short chassis, which is uniquely designed to support both single-DIN and double-DIN mounting options. This multi-configuration chassis is perfect for installations in vehicles with limited space, offering a flexible mounting solution for even the most challenging setups where a mounting depth of less than 3.75″ is required.

Enhanced Features with iDatalink Maestro Compatibility
The KW-M595BT takes things a step further by adding iDatalink Maestro compatibility at an incredible new entry-level price point. With iDatalink Maestro, you can enjoy seamless integration with your vehicle’s factory features, like steering wheel controls, vehicle information, and advanced vehicle settings.

Cutting-Edge Display and Connectivity
Both receivers boast a stunning new 6.8″ WSVGA 1200×600 Clear Capacitive touchscreen display, delivering crisp and vibrant visuals. Stay connected on the go with USB wired connectivity for both Apple CarPlay™ and Android Auto™, ensuring that your favorite apps and navigation tools are always within reach. Plus, with a 2.1V high-volt charging output via USB, your devices will stay powered throughout your journey.

User-Friendly Features for a Seamless Experience
JVC has also included some of its most beloved features to enhance usability. Enjoy easy navigation and control with Gesture Touch Control, allowing you to manage track selection and volume with simple finger swipes and spins. Both models also come with a single backup camera input for added safety and convenience while driving.

Don’t miss out on the opportunity to add this inflation busting Multimedia Receivers to your your product mix with the JVC KW-M590BT and KW-M595BT. Experience superior sound, seamless integration, and the flexibility of JVC’s latest multimedia receivers today!

Order now and take your driving experience to the next level!

Please contact your JVC sales rep to place your orders for the KD-M590BT and KD-M595BT

Visit us.jvc.com/car for more.

Meet the New CES Logo: Where Tech Meets Humanity

ARLINGTON, VA (08.29.24) – Refreshed. Recreated. Reimagined.

For the first time in our history, CTA and CES® are launching a shared mark — unifying the brands and the power behind them. Learn more about our new logo, a symbol that embodies the connection between technology and humanity.

About the mark: The new mark pays homage to our roots — the iconic “CES fins” — while embracing the future. The intersecting elements symbolize our industry’s connections with society, creating a frame to envision a world where technology seamlessly integrates with our lives to make it a better place. The space between the intersecting elements symbolizes the profound, yet often invisible, relationship of technology and humanity — a bond that CTA and CES have championed for decades.

A new CES.tech experience: In conjunction with a refreshed mark, we have redesigned and rebuilt CES.tech — a new hub for tech innovation, a place to showcase the people and technology that are making the world a better place.

We look forward to continuing to innovate and inspire together and hope you’ll join us at CES 2025. Registration opens in a couple of weeks!