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|UnitedAuto Opens New Lexus Dealership in Edison, New Jersey|
BLOOMFIELD HILLS, Mich.--(BUSINESS WIRE)--March 14, 2007--United Auto Group, Inc. (NYSE:UAG), an international automotive retailer, today announced the grand opening of its newest Lexus companion point dealership in Edison, New Jersey.
Lexus of Edison offers some of the finest amenities in automotive retailing, including a climate-controlled service reception area and a luxurious guest lounge and showroom. Situated on approximately five acres on the busy Route 1 corridor in New Jersey, conveniently located near Staten Island and the New York City Metropolitan area, the two-story dealership offers 94,000 square feet of sales and service facilities, including a 135-vehicle indoor storage area. In total, the dealership can showcase over 500 new and pre-owned vehicles, providing superior selection opportunities.
Commenting on the new facility, UnitedAuto President Roger Penske, Jr., said, "Lexus of Edison was built to be one of the finest automobile dealerships in the United States. Given the location of the dealership in the greater New York/New Jersey area, the existing Lexus units in operation will be well served by our 35-service-bay workshop. We are excited about the outstanding opportunity to ramp up operations at this new facility."
United Auto Group, Inc., headquartered in Bloomfield Hills, Michigan, operates 314 retail automotive franchises, representing 41 different brands, and 26 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 169 franchises in 19 states and Puerto Rico and 145 franchises located outside the United States, primarily in the United Kingdom. UnitedAuto is a member of the Fortune 500 and Russell 1000 and has nearly 16,000 employees.
Statements in this press release may involve forward-looking statements. 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 that could affect UnitedAuto's future performance which are contained in UnitedAuto's Form 10-K for the year ended December 31, 2006, 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.
CONTACT: United Auto Group, Inc.