UnitedAuto CEO and CFO Sign Financial Statements- Way to Go

    DETROIT--Aug. 7, 2002--UnitedAuto Group, Inc. , a FORTUNE 500 automotive specialty retailer, announced today that it has filed the signed and sworn statements of Chairman and Chief Executive Officer Roger S. Penske and Chief Financial Officer James R. Davidson with the Securities and Exchange Commission ("SEC") attesting to the accuracy of the filings made through today's date by the Company.
    Chairman Roger S. Penske stated, "I am pleased to report that we have certified our SEC filings. UnitedAuto is committed to providing complete, accurate and understandable information to investors in a timely manner."
    The certifications are available on the Company's website at www.unitedauto.com.

    UnitedAuto, which has pursued a strategy based on internal growth from its existing dealerships, as well as from strategic acquisitions, operates 125 franchises in the United States and 68 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 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.