OCTOBER 29, 2002 - In response to investors' inquiries, United Auto Group,
Inc. (NYSE: UAG), a FORTUNE 500 automotive specialty retailer, said today
that it is comfortable with analyst consensus expectations of $2.08 per
share in 2003. UnitedAuto is comfortable with analysts' estimates of earnings
per share in the range of $2.00 to $2.15 per share for the calendar year
UnitedAuto, which has pursued a strategy based on internal growth from its
existing dealerships, as well as from strategic acquisitions, operates 126
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 aftermarket automotive products and services.
Statements in this press release may involve forward-looking statements,
including forward-looking statements regarding UnitedAuto's future reportable
sales and earnings growth potential. Actual results may vary materially
because of external factors such as interest rate fluctuations, changes
in consumer spending and other factors over which managements 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 filings with the Securities and Exchange Commission and
which are incorporated into this press release by reference.
Phillip M. Hartz
Senior VP - Corporate Communications