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|UnitedAuto Announces Reopening of Acura, Chevrolet and Honda Dealerships in Turnersville Automall|
BLOOMFIELD HILLS, Mich., Nov 17, 2005 (BUSINESS WIRE) -- United Auto Group, Inc. (NYSE:UAG), a worldwide automotive retailer, is pleased to announce the reopening of its newly renovated Acura, Chevrolet and Honda franchises in Turnersville, New Jersey. The reopening of these dealerships completes the first stage of the redevelopment of the Turnersville Automall, which is located approximately 20 minutes from downtown Philadelphia.
Upon completion of this multi-stage renovation project in late 2006, the 60-acre site will offer nearly 300,000 square feet of facilities for the Acura, BMW, Chevrolet, Toyota, Honda, Nissan, Hyundai and HUMMER franchises with the capacity to display approximately 3,000 new and pre-owned vehicles. Other features will include a 3/8th mile on-road test track, a HUMMER off-road test track, a collision repair center and many other amenities to foster outstanding customer service. Once complete, the Turnersville Automall will increase its number of productive service bays from 77 to 180, increasing the automall's ability to provide same-day and next-day service.
United Auto Group, Inc., headquartered in Bloomfield Hills, Michigan, operates 268 retail automotive franchises, representing 40 different brands, and 29 collision repair centers. UnitedAuto, which sells new and previously owned vehicles, finance and insurance products and replacement parts, and offers maintenance and repair services on all brands it represents, has 165 franchises in 19 states and Puerto Rico and 103 franchises located internationally, primarily in the United Kingdom. UnitedAuto is a member of the Fortune 500 and Russell 2000 and has approximately 14,000 employees.
Statements in this press release may involve forward-looking statements, including forward-looking statements regarding UnitedAuto and it future sales potential. Actual results may vary materially because of risks and uncertainties, including external factors such as interest rate fluctuations, changes in consumer spending and other factors over which management has no control. These forward-looking statements should be evaluated together with additional information about UnitedAuto's business, markets, conditions and other uncertainties, which could affect UnitedAuto's future performance, which are contained in UnitedAuto's Form 10-K for the year ended December 31, 2004, and its other filings with the Securities and Exchange Commission and which are incorporated into this press release by reference. This press release speaks only as of its date, and UnitedAuto disclaims any duty to update the information herein.
SOURCE: United Auto Group, Inc.
United Auto Group, Inc.