EXHIBIT 99.1
                                                                   PRESS RELEASE

[UNITED AUTO GROUP, INC. LETTERHEAD]



FOR IMMEDIATE RELEASE

          UNITEDAUTO GROUP TO PARTICIPATE IN BANC OF AMERICA SECURITIES
                              CONSUMER CONFERENCE

DETROIT, MI, March 31, 2003 - UnitedAuto Group, Inc. (NYSE: UAG), a FORTUNE 500
automotive specialty retailer, announced today that Chairman Roger Penske will
be a presenter at the Banc of America Securities 4th Annual Consumer Conference
in New York, New York.

The presentation is scheduled to occur from 1:50 p.m. until 2:30 p.m. Eastern
Standard Time on April 1, 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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