UnitedAuto Increases Dividend to $0.11 Per Share

BLOOMFIELD HILLS, Mich.--Oct. 2, 20046, 2004--UnitedAuto Group, Inc. , a FORTUNE 500 automotive specialty retailer, today announced that its Board of Directors has approved an increase in its quarterly dividend to $0.11 per share payable on December 1, 2004 to shareholders of record on November 10, 2004. UnitedAuto initially declared a quarterly dividend of $0.10 per share in the third quarter of 2003.

About UnitedAuto

UnitedAuto, which has pursued a strategy based on internal growth from its existing dealerships, as well as from strategic acquisitions, operates 145 franchises in the United States and 101 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.