BLOOMFIELD HILLS, Mich.--(BUSINESS WIRE)--March 14, 2007--United
Auto Group, Inc. (NYSE:UAG), an international automotive retailer,
today announced the grand opening of its newest Lexus companion point
dealership in Edison, New Jersey.
Lexus of Edison offers some of the finest amenities in automotive
retailing, including a climate-controlled service reception area and a
luxurious guest lounge and showroom. Situated on approximately five
acres on the busy Route 1 corridor in New Jersey, conveniently located
near Staten Island and the New York City Metropolitan area, the
two-story dealership offers 94,000 square feet of sales and service
facilities, including a 135-vehicle indoor storage area. In total, the
dealership can showcase over 500 new and pre-owned vehicles, providing
superior selection opportunities.
Commenting on the new facility, UnitedAuto President Roger Penske,
Jr., said, "Lexus of Edison was built to be one of the finest
automobile dealerships in the United States. Given the location of the
dealership in the greater New York/New Jersey area, the existing Lexus
units in operation will be well served by our 35-service-bay workshop.
We are excited about the outstanding opportunity to ramp up operations
at this new facility."
United Auto Group, Inc., headquartered in Bloomfield Hills,
Michigan, operates 314 retail automotive franchises, representing 41
different brands, and 26 collision repair centers. UnitedAuto, which
sells new and previously owned vehicles, finance and insurance
products and replacement parts, and offers maintenance and repair
services on all brands it represents, has 169 franchises in 19 states
and Puerto Rico and 145 franchises located outside the United States,
primarily in the United Kingdom. UnitedAuto is a member of the Fortune
500 and Russell 1000 and has nearly 16,000 employees.
Statements in this press release may involve forward-looking
statements. 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
that could affect UnitedAuto's future performance which are contained
in UnitedAuto's Form 10-K for the year ended December 31, 2006, 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 herein.
CONTACT: United Auto Group, Inc.
Bob O'Shaughnessy, 248-648-2800
Chief Financial Officer
Tony Pordon, 248-648-2540
Senior Vice President
SOURCE: United Auto Group, Inc.