Consumers Can Reserve a smart fortwo Before They Go On Sale in
BLOOMFIELD HILLS, Mich.--(BUSINESS WIRE)--April 2, 2007--smart
USA, a subsidiary of United Auto Group, Inc, (NYSE:UAG), has launched
its smart fortwo reservation system. The smart fortwo is expected to
go on sale in the United States in the first quarter 2008 through a
dealership network being developed by smart USA, the exclusive
distributor of the smart fortwo in the United States and Puerto Rico.
Consumers interested in owning a smart fortwo can take the first
step in the ownership process by reserving a production model,
including trim level and color preferences, for $99.00. Those
interested in reserving a smart fortwo should visit the smart USA home
page at www.smartusa.com and click on the reservation link.
"We are encouraged by the overwhelming, positive response to
smart," said Roger Penske, smart USA Chairman. "To date, our website
has received more than 800,000 unique visitors, and over 46,000 people
have registered on the website as smart 'insiders'. The reservation
system is a way for us to respond to consumer interest while we
establish our dealership network."
The reservation process is easy - prospective buyers may select
the model and color of the smart fortwo they want to reserve - either
the entry-level pure starting under $12,000(a), the well-equipped
passion coupe starting under $14,000(a), or the passion cabriolet,
starting under $17,000. ((a) These expected starting prices exclude
tax, license, registration, destination charge and options.)
Additional details on all trim levels and colors are available on the
smart USA website. To complete the reservation process, consumers
simply submit their secure, online credit card payment of $99.
Reservation holders will then receive an official confirmation
certificate by email and their $99 reservation will be applied to the
purchase of the fortwo.
"The smart fortwo is coming to the United States at the right
time," said Dave Schembri, President, smart USA. "The smart fortwo is
the answer to many urban issues facing our major cities today; it is
economical, ecologically friendly, functional and is simply a fun car
Later this year, smart USA will launch a 44-city road show tour
where interested consumers will have the chance to drive the vehicle
at various events across the country. The road show has been designed
to showcase the many features of the car including its sophisticated
safety management system, its functionality and driving performance.
The complete road show schedule will be posted on www.smartusa.com
ABOUT smart and smart USA
The smart fortwo is manufactured by the Mercedes Car Group and is
a member of the DaimlerChrysler family. smart is currently sold in 36
countries, and over 770,000 smart fortwos have been sold since 1998.
This technologically advanced vehicle has been designed to achieve 40
plus miles per gallon under normal driving conditions. The vehicle is
8.8 feet long, 5.1 feet tall, 5.1 feet wide, and comes equipped with
many functional and safety features reserved for most luxury models.
The smart dealer network will be announced during the second half of
smartUSA, headquartered in Bloomfield Hills, Michigan is the
exclusive distributor of the smart fortwo in the United States and
Puerto Rico and is a wholly-owned subsidiary of United Auto Group,
ABOUT UNITED AUTO GROUP, Inc.
United Auto Group, Inc., headquartered in Bloomfield Hills,
Michigan, operates 310 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 165 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 production delays, delays in developing a
dealership network and 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.
For additional information visit - www.smartusa.com or
CONTACT: For smart USA
Ken Kettenbeil, Director, Communications, 248-648-2582
For UnitedAuto Group
Anthony R. Pordon, Senior Vice President, 248-648-2540
SOURCE: United Auto Group, Inc.