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|UnitedAuto Group Completes Inskip Acura Acquisition|
DETROIT, MI, May 15, 2003 – UnitedAuto Group, Inc. (NYSE: UAG), a FORTUNE 500 automotive specialty retailer, today announced that it has completed the Acura portion of the Inskip Autocenter acquisition. The Inskip Autocenter acquisition is now complete for all 9 brands, including Acura, Audi, Bentley, BMW, Infiniti, Lexus, Mercedes-Benz, Porsche and Volvo.
UnitedAuto, which has pursued a strategy based on internal growth from its existing dealerships, as well as from strategic acquisitions, operates 138 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.