UnitedAuto Group to Host Conference Call With Release of Second Quarter 2001 Earnings; Call Also to be Broadcast Live Over the Internet

    DETROIT--July 12, 2001--UnitedAuto Group, Inc. , a leading publicly traded automobile retailer and member of the FORTUNE 500, will host a conference call discussing financial results for its second quarter 2001 on Tuesday, July 24th, at 2 pm ET/ 1 pm CT/ 12 pm MT/ 11 am PT. The call will follow the release earlier that morning of second quarter 2001 earnings for UnitedAuto Group.

    HOW TO PARTICIPATE:

    Advanced registration is not required.

-	Domestic, please call (877) 601-4491
-	International, please call (630) 395-0447

    Calls need to be made shortly before 2 pm ET on the 24th of July. Please provide the leader's name - Roger Penske - as well as the code UAG2Q. The call cannot be accessed without this information.
    This call will also be simultaneously broadcast on the Internet. This simultaneous webcast may be accessed through the UnitedAuto Group website at www.unitedauto.com. We recommend you access the webcast 15-20 minutes prior to the scheduled start time. To listen to the webcast, participants will need a computer with speakers and Real Player or Windows Media Player software. Links to download the free Players software will be available on the UnitedAuto Group website.
    There will be an instant replay of the call with reverse, pause, and fast forward features available from Tuesday, July 24th, directly after the call, until 11:59 pm ET, Friday, July 27th. Following are the numbers to call to listen to the playback:

- Domestic, please call (800) 944-3681

- International, please call (402) 998-1742

    A rebroadcast of the conference call will also be available on the company's website beginning one hour after the completion of the live broadcast and for the following thirty days.
    A copy of the transcript of the call can be e-mailed. Please e-mail nvermillion@unitedauto.com with this request beginning Tuesday, July 31st.

    UnitedAuto, which has pursued a strategy based on internal growth from its existing dealerships, as well as from strategic acquisitions, operates 123 franchises in 19 states, Puerto Rico and Brazil. 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.