BLOOMFIELD HILLS, Mich.--(BUSINESS WIRE)--June 2, 2005--UnitedAuto
Group, Inc. (NYSE:UAG), a FORTUNE 500 automotive specialty retailer,
is expanding its presence in Phoenix. Construction of its newest
dealership, Lexus of Chandler, is currently underway.
Located at Ray Road and the Interstate I-10 freeway, the new Lexus
dealership is a companion point to complement the Company's existing
Lexus franchise in Scottsdale, Arizona. The new facility will be
located on a 22-acre site in a campus setting adjacent to the
Company's Mercedes-Benz of Chandler dealership. The new,
66,000-square-foot Lexus of Chandler facility will be equipped with
customer-friendly attributes luxury buyers expect in today's
marketplace, including a service department with 30 service bays to
handle the expanding units in operation for Lexus in this market.
George Brochick, Executive Vice President of UnitedAuto's Western
Operations, said, "We are pleased that Lexus has recognized our
outstanding commitment to this luxury brand with a new companion point
in the rapidly growing Chandler area of metropolitan Phoenix. Lexus of
Chandler represents our 23rd franchise in the Phoenix area and will
allow us to further leverage our existing scale in UnitedAuto's
The new Lexus dealership is expected to be completed during the
fourth quarter of 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 96 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
Executive Vice President - Finance
Tony Pordon, 248-648-2540
Vice President - Investor Relations
SOURCE: UnitedAuto Group, Inc.