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Press Release

UnitedAuto Group to Participate in Bear Stearns' Tenth Annual Retail,Restaurants & Apparel Conference

BLOOMFIELD HILLS, Mich., Feb 19, 2004 (BUSINESS WIRE) -- UnitedAuto Group, Inc. (NYSE:UAG), a FORTUNE 500 automotive specialty retailer, announced today that Chairman Roger Penske will be a presenter at Bear Stearns' Tenth Annual Retail, Restaurants, and Apparel Conference in New York, New York. The presentation is scheduled to occur from 9:45 a.m. until 10:30 a.m. Eastern Standard Time on February 24, 2004.

UnitedAuto will simultaneously broadcast the audio portion of this presentation over the Internet. The webcast may be accessed through a link on the UnitedAuto Group website at www.unitedauto.com.

UnitedAuto, which has pursued a strategy based on internal growth from its existing dealerships, as well as from strategic acquisitions, operates 138 franchises in the United States and 83 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.

SOURCE: UnitedAuto Group, Inc.

CONTACT:          UnitedAuto Group, Inc.
                  Jim Davidson, 201-325-3303
                  jdavidson@unitedauto.com
                  OR
                  Tony Pordon, 248-648-2540
                  tpordon@unitedauto.com

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SOURCE: UnitedAuto Group, Inc.