EX-99.1

UNITEDAUTO REPORTS FOURTH QUARTER RESULTS
____________________________________________________________

Excluding Prior Year Gain, Income from Continuing Operations
Per Share Increases 18% to $0.33
____________________________________________________________

BLOOMFIELD HILLS, MI, February 14, 2007 – United Auto Group, Inc. (NYSE: UAG), an international automotive retailer, today reported fourth quarter income from continuing operations of $31.1 million and related earnings per share of $0.33. Fourth quarter 2005 results included $5.2 million of after-tax earnings ($0.06 per share) attributable to the sale of all remaining variable profits relating to the pool of extended service contracts sold at the Company’s dealerships from 2001 through 2005. Excluding the extended service contract gain from the prior year results, adjusted income from continuing operations and related earnings per share increased 16.1% and 17.9%, respectively, over the comparable period in 2005. Fourth quarter net income amounted to $29.9 million and related earnings per share was $0.32.

Revenues in the fourth quarter increased 22.8% to $2.9 billion, including a 7.1% increase in same-store retail revenues. The increase in same-store revenue was highlighted by 14.5% growth in used vehicle revenues and a 6.2% increase in service and parts revenues.

Commenting on the Company’s results, Chairman Roger Penske said, “Our business achieved solid same-store retail revenue growth during the fourth quarter, despite a difficult comparison to last year. I am pleased with the same-store results, especially in our service and parts operations which included 13.6% same-store growth in our international markets. These results highlight the benefit of our ongoing capital investment program.” Penske continued, “Our used vehicle business was exceptionally strong in the quarter, with total used vehicle revenues growing nearly 44%. The increased level of this business, coupled with a challenging marketplace, contributed to an overall decrease in gross margin percentage during the fourth quarter.”

For the year ended December 31, 2006, revenues increased 16.4% to $11.2 billion. Full-year income from continuing operations amounted to $130.6 million and related earnings per share was $1.39. Excluding the extended service contract gain noted above from the prior year results, income from continuing operations and related earnings per share increased 14.7% and 14.9%, respectively, over the comparable period in 2005.

The Company currently estimates earnings from continuing operations to be in the range of $1.40 to $1.50 per share for the year ended December 31, 2007. This estimate includes an estimated $0.02 to $0.04 per share of costs associated with developing the distribution network for the smart product launch in the United States. First quarter 2007 earnings from continuing operations are estimated to be in the range of $0.26 to $0.30 per share. These estimates exclude a $12 million, or $0.13 per share, charge to be incurred in connection with the previously announced call of the Company’s $300 million 9.625% Senior Subordinated Notes in March 2007. Earnings per share estimates are based on an estimated average of 94.6 million shares outstanding.

UnitedAuto will host a conference call discussing financial results relating to fourth quarter 2006 on Wednesday, February 14, 2007 at 2:00 p.m. EDT. To listen to the conference call, participants must dial (800) 553-5275 [International, please dial (612) 332-1210]. The call will be simultaneously broadcast over the Internet through the UnitedAuto website at www.unitedauto.com.

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 over 15,000 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, 2005 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.

This release contains certain non-GAAP financial measures as defined under SEC rules, such as adjusted income from continuing operations and related earnings per share, which exclude certain items disclosed in the release. The Company has reconciled these measures to the most directly comparable GAAP measures in the release. The Company believes that these non-GAAP financial measures improve the transparency of the Company’s disclosure and the period-to-period comparability of the Company’s results from operations.

UNITED AUTO GROUP, INC.
Consolidated Statements of Income
(Amounts In Thousands, Except Per Share Data)
(Unaudited)


	Fourth Quarter
	2006			2005

Revenues:
New Vehicle	$	1,587,023		$	1,358,681
Used Vehicle		680,384			472,776
Finance and Insurance, Net		59,372			59,816
Service and Parts		327,644			265,625
Fleet and Wholesale Vehicle		226,594			189,432

Total Revenues		2,881,017			2,346,330

Cost of Sales:
New Vehicle		1,446,815			1,236,207
Used Vehicle		625,889			432,099
Service and Parts		147,654			119,047
Fleet and Wholesale Vehicle		227,862			190,316

Total Cost of Sales		2,448,220			1,977,669

Gross Profit		432,797			368,661
SG&A Expenses		350,939			284,097
Depreciation and Amortization		12,476			9,697

Operating Income		69,382			74,867
Floor Plan Interest Expense		(15,739	)		(12,460	)
Other Interest Expense		(14,702	)		(13,260	)
Equity in Earnings of Affiliates		2,695			1,093

Income from Continuing Operations Before Income Taxes and Minority Interests		41,636			50,240
Income Taxes		(9,930	)		(17,651	)
Minority Interests		(636	)		(564	)

Income from Continuing Operations		31,070			32,025
Loss from Discontinued Operations, Net of Tax		(1,171	)		(1,904	)

Net Income	$	29,899		$	30,121

Income from Continuing Operations Per Diluted Share	$	0.33		$	0.34

Diluted EPS	$	0.32		$	0.32

Diluted Weighted Average Shares Outstanding		94,389			94,374

UNITED AUTO GROUP, INC.
Consolidated Statements of Income
(Amounts In Thousands, Except Per Share Data)
(Unaudited)


	Twelve Months
	2006			2005

Revenues:
New Vehicle	$	6,275,916		$	5,601,187
Used Vehicle		2,546,009			2,025,532
Finance and Insurance, Net		249,581			229,575
Service and Parts		1,246,288			1,043,859
Fleet and Wholesale Vehicle		924,519			761,240

Total Revenues		11,242,313			9,661,393

Cost of Sales:
New Vehicle		5,727,135			5,106,889
Used Vehicle		2,330,694			1,845,587
Service and Parts		559,305			474,563
Fleet and Wholesale Vehicle		920,710			760,903

Cost of Sales		9,537,844			8,187,942

Gross Profit		1,704,469			1,473,451
SG&A Expenses		1,356,452			1,154,220
Depreciation and Amortization		44,863			37,551

Operating Income		303,154			281,680
Floor Plan Interest Expense		(61,565	)		(47,124	)
Other Interest Expense		(49,173	)		(49,004	)
Equity in Earnings of Affiliates		8,201			4,271

Income from Continuing Operations Before Income Taxes and Minority Interests		200,617			189,823
Income Taxes		(67,845	)		(68,870	)
Minority Interests		(2,172	)		(1,814	)

Income from Continuing Operations		130,600			119,139
Loss from Discontinued Operations, Net of Tax		(5,899	)		(166	)

Net Income	$	124,701		$	118,973

Income from Continuing Operations Per Diluted Share	$	1.39		$	1.27

Diluted EPS	$	1.32		$	1.27

Diluted Weighted Average Shares Outstanding		94,178			93,932

UNITED AUTO GROUP, INC.
Consolidated Condensed Balance Sheets
(Amounts In Thousands)
(Unaudited)


	12/31/06		12/31/05
Assets
Cash and Cash Equivalents	$	13,147	$	8,957
Accounts Receivable, Net		469,516		398,127
Inventories		1,519,506		1,144,584
Other Current Assets		71,490		50,209
Assets Held for Sale		213,030		310,467

Total Current Assets		2,286,689		1,912,344
Property and Equipment, Net		582,646		416,099
Intangibles		1,490,767		1,182,273
Other Assets		142,783		83,457

Total Assets	$	4,502,885	$	3,594,173

Liabilities and Stockholders’ Equity
Floor Plan Notes Payable	$	874,326	$	785,237
Floor Plan Notes Payable – Non-Trade		297,985		318,034
Accounts Payable and Accrued Expenses		515,111		368,874
Current Portion Long-Term Debt		3,057		3,551
Liabilities Held for Sale		52,150		189,239

Total Current Liabilities		1,742,629		1,664,935
Long-Term Debt		1,178,994		576,690
Other Long-Term Liabilities		285,609		206,816

Total Liabilities		3,207,232		2,448,441
Stockholders’ Equity		1,295,653		1,145,732

Total Liabilities and Stockholders’ Equity	$	4,502,885	$	3,594,173


	Fourth Quarter						Twelve Months
	2006			2005			2006			2005
Total Retail Units
New Retail		43,463			38,899			183,370			167,956
Used Retail		22,529			17,109			88,723			75,348

Total Retail		65,992			56,008			272,093			243,304

Same-Store Retail Units
New Same-Store Retail		39,120			38,592			163,253			163,233
Used Same-Store Retail		18,189			16,869			75,601			72,687

Total Same-Store Retail		57,309			55,461			238,854			235,920

Same-Store Retail Revenue
New Vehicles	$	1,423,041		$	1,349,041		$	5,594,172		$	5,472,566
Used Vehicles		534,728			467,101			2,154,969			1,973,780
Finance and Insurance, Net		53,733			59,412			226,399			224,594
Service and Parts		279,247			262,988			1,091,642			1,021,030

Total Same-Store Retail	$	2,290,749		$	2,138,542		$	9,067,182		$	8,691,970

Same-Store Retail Revenue Growth
New Vehicles		5.5	%		4.5	%		2.2	%		5.8	%
Used Vehicles		14.5	%		4.6	%		9.2	%		4.4	%
Finance and Insurance, Net		(9.6	%)		(2.4	%)		0.8	%		9.7	%
Service and Parts		6.2	%		6.6	%		6.9	%		7.6	%
Revenue Mix
New Vehicles		55.1	%		57.9	%		55.8	%		58.0	%
Used Vehicles		23.6	%		20.2	%		22.6	%		21.0	%
Finance and Insurance, Net		2.1	%		2.5	%		2.2	%		2.4	%
Service and Parts		11.4	%		11.3	%		11.1	%		10.8	%
Fleet and Wholesale		7.8	%		8.1	%		8.3	%		7.8	%
Average Retail Selling Price
New Vehicles	$	36,514		$	34,928		$	34,225		$	33,349
Used Vehicles	$	30,200		$	27,633		$	28,696		$	26,882
Gross Margin		15.0	%		15.7	%		15.2	%		15.3	%
Retail Gross Margin – by Product
New Vehicle		8.8	%		9.0	%		8.7	%		8.8	%
Used Vehicle		8.0	%		8.6	%		8.5	%		8.9	%
Service and Parts		54.9	%		55.2	%		55.1	%		54.5	%
Gross Profit per Retail Transaction
New Vehicles	$	3,226		$	3,149		$	2,993		$	2,943
Used Vehicles		2,419			2,378			2,427			2,388
Finance and Insurance		900			1,068			917			944


	Fourth Quarter						Twelve Months
	2006			2005			2006			2005
Brand Mix:
BMW		21	%		16	%		18	%		16	%
Toyota/Lexus		20	%		22	%		21	%		23	%
Honda/Acura		14	%		15	%		16	%		15	%
DCX		12	%		12	%		11	%		12	%
Ford		9	%		9	%		10	%		9	%
Audi		7	%		7	%		7	%		7	%
General Motors		4	%		5	%		4	%		5	%
Porsche		4	%		4	%		4	%		4	%
Nissan/Infiniti		3	%		3	%		3	%		3	%
Other		6	%		7	%		6	%		6	%

		100	%		100	%		100	%		100	%
Foreign / Premium		94	%		93	%		93	%		92	%
Domestic Big 3		6	%		7	%		7	%		8	%

		100	%		100	%		100	%		100	%
Debt to Total Capital Ratio		48	%		34	%		48	%		34	%
Rent Expense	$	36,254		$	29,492		$	135,253		$	109,715


Contact:	Bob O’Shaughnessy		Tony Pordon
	Chief Financial Officer		Senior Vice President
		248-648-2800		248-648-2540
	boshaughnessy@unitedaut		tpordon@unitedauto.com
	o.com			—