UnitedAuto Begins General Motors' Hummer Operations in Three Markets
DETROIT, MI, September 4, 2002 - UnitedAuto Group, Inc. (NYSE:
UAG), a FORTUNE 500 automotive specialty retailer, announced today that
it is now operating franchises for General Motors' Hummer brand in three
U.S. markets. UAG has opened Landers Hummer in Benton, Arkansas, Landers
Hummer in Fayetteville, Arkansas, and Cerritos Hummer in the Cerritos
Auto Square, Cerritos, California.
President Sam Difeo stated, "We're excited about the prospects that
this bold new brand from General Motors offers for our customers and for
our business. Early indications are that the new H2 model is going to
be a huge success and will take the Hummer brand to a new level."
Chairman Roger Penske commented, "The award of these new points
by General Motors once again validates our strategy to work with the OEMs
as a significant partner to grow the business at retail. We are delighted
that we were presented this opportunity to increase our presence with
the Hummer brand."
UnitedAuto, which has pursued a strategy based on internal growth from
its existing dealerships, as well as from strategic acquisitions, operates
128 franchises in the United States and 69 franchises internationally,
primarily in the United Kingdom. UnitedAuto dealerships sell new and used
vehicles, and market a complete line of after-market automotive products
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