BLOOMFIELD HILLS, Mich.--(BUSINESS WIRE)--April 19,
2005--UnitedAuto Group, Inc. (NYSE:UAG), a FORTUNE 500 automotive
specialty retailer, today announced that its Board of Directors has
approved a quarterly dividend of $0.11 per share payable on June 1,
2005 to shareholders of record on May 10, 2005.
UnitedAuto, which has pursued a strategy based on internal growth
from its existing dealerships, as well as from strategic acquisitions,
operates 149 franchises in the United States and 100 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 involve forward-looking
statements, including forward-looking statements regarding UnitedAuto.
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, which could affect UnitedAuto's
future performance, which are contained in UnitedAuto's Form 10-K for
the year ended December 31, 2004, 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
CONTACT: UnitedAuto Group, Inc.
Jim Davidson, 201-325-3303
Tony Pordon, 248-648-2540
SOURCE: UnitedAuto Group, Inc.