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Press Release

UnitedAuto Group to Host Conference Call with Release of Fourth Quarter and Full-Year 2002 Earnings; Call Also to be Broadcast Live Over the Internet

DETROIT, MI, January 15, 2003 - UnitedAuto Group, Inc. (NYSE: UAG), a FORTUNE 500 automotive specialty retailer, will host a conference call discussing financial results for its
fourth quarter and full-year 2002 on Wednesday, February 19, at 2 pm ET/ 1 pm CT/ 12 pm MT/ 11 pm PT. The call will follow the release that morning of fourth quarter and full-year 2002 earnings for UnitedAuto Group.

HOW TO PARTICIPATE:

Advanced registration is not required.

  • United States, please call (800) 553-0358
  • International, please call (612) 332-7515

    This call will also be simultaneously broadcast on the Internet. This simultaneous webcast may be accessed through the UnitedAuto Group website at www.unitedauto.com. We recommend you access the webcast 15-20 minutes prior to the scheduled start time. To listen to the webcast, participants will need a computer with speakers and Real Player or Windows Media Player software. Links to download the free Players software will be available on the UnitedAuto Group website.

    There will be an instant replay of the call with reverse, pause, and fast forward features available from Wednesday, February 19, at 5:30 p.m. ET, until 11:59 pm ET, Wednesday, February 26. Following are the numbers to call to listen to the playback:

  • United States, please call (800) 475-6701 (access code 671404)
  • International, please call (320) 365-3844 (access code 671404)

    A rebroadcast of the conference call will also be available on the Company's website beginning one hour after the completion of the live broadcast and for the following thirty days.

    A transcript of the call can be e-mailed. Please e-mail nvermillion@unitedauto.com with this request beginning Wednesday, February 26.

    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.