EXHIBIT 99.1
[UNITED AUTO LOGO] PRESS RELEASE
United Auto Group, Inc.
2555 Telegraph Road
Bloomfield Hills, MI 48302-0954
Contact: Jim Davidson Phil Hartz Tony Pordon
Executive Vice President - Senior Vice President - Vice President -
Finance Corporate Communications Investor Relations
201-325-3303 248-648-2610 248-648-2540
jdavidson@unitedauto.com phartz@unitedauto.com tony.pordon@unitedauto.com
FOR IMMEDIATE RELEASE
UNITEDAUTO GROUP TO PARTICIPATE IN BEAR STEARNS'
NINTH ANNUAL RETAIL, RESTAURANTS AND APPAREL CONFERENCE
DETROIT, MI, February 24, 2003 - UnitedAuto Group, Inc. (NYSE: UAG), a FORTUNE
500 automotive specialty retailer, announced today that Chairman Roger Penske
will be a presenter at Bear Stearns' Ninth Annual Retail, Restaurants, and
Apparel Conference in New York, New York. The presentation is scheduled to occur
from 8:15 a.m. until 9:00 a.m. Eastern Standard Time on February 25, 2003.
UnitedAuto will simultaneously broadcast the audio portion of this presentation
over the Internet. The webcast may be accessed through a link on the UnitedAuto
Group website at www.unitedauto.com. To listen to the webcast, participants will
need a computer with speakers and Real Player or Windows Media Player software.
UnitedAuto, which has pursued a strategy based on internal growth from its
existing dealerships, as well as from strategic acquisitions, operates 129
franchises in the United States and 71 franchises internationally, primarily in
the United Kingdom. UnitedAuto dealerships sell new and used vehicles, and
market a complete line of after-market automotive products and services.
Statements in this press release may include forward-looking statements. These
forward-looking statements should be evaluated together with additional
information about UnitedAuto's business, markets, conditions and other
uncertainties which are contained in UnitedAuto's filings with the Securities
and Exchange Commission and which are incorporated into this press release by
reference.
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