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|UnitedAuto Opens New Location in Southaven, Mississippi|
|DETROIT, MI, August 14, 2001 - UnitedAuto Group, Inc. (NYSE: UAG), a FORTUNE 500 automotive specialty retailer, is pleased to announce the opening of a Nissan dealership in Southaven, Mississippi, a suburb of Memphis, Tennessee. Nissan Motor Corporation awarded a new dealership to UnitedAuto to represent Nissan as they expand their presence in the greater Memphis area. With the addition of this Nissan dealership, which will be called Landers Nissan, UnitedAuto operates 124 franchises.
President Sam DiFeo, commenting on the new Nissan dealership, stated, "We are extremely pleased that our partners at Nissan chose UnitedAuto for this new opportunity to represent their brand."
UnitedAuto, which has pursued a strategy based on internal growth from its existing dealerships, as well as from strategic acquisitions, operates 124 franchises in 19 states, Puerto Rico and Brazil. 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.