United Auto Group, Inc.
Stock Symbol: UAG
2555 Telegraph Road
United Auto Group, Inc. Industry:
United Auto Group, Inc. Description:
United Auto Group is the second largest publicly traded auto retailer. The company operates dealership franchises in 16 states and Puerto Rico. These dealerships sell new and used vehicles. The company's dealerships also sell aftermarket automotive products and service.
United Auto Group, Inc. Financial Summary:
UAG is engaged in the sale of new and used motor vehicles and related products & services, including vehicle service and parts, finance and other aftermarket products. UAG also purchases, sells and services vehicle financing contracts. For the 6 months ended 6/30/05, revenues rose 17% to $5.24B. Net income from cont. ops. rose 5% to $55.2M. Results reflect sales from dealership acquisitions, partially offset by higher SG&A expenses.
United Auto Group, Inc. Business Summary:
United Auto Group, Inc. is an automotive retailer in the United States. It offers a full range of 40 vehicle brands including foreign and luxury brands, such as BMW, Honda, Volvo, Suzuki, Rolls Royce, Lexus, Mercedes, Acura, Cadillac, Genuine Chevrolet, Ferrari, Ford, Hyundai, Jaguar and Toyota. In addition to selling new and used vehicles, it also sells higher-margin products, such as finance, insurance and vehicle service contracts, maintenance repair services, replacement parts and aftermarket automotive products through dealers. During the year ended December 31, 2004, the Company owned and operated 152 franchises in the United States and 101 franchises internationally, primarily in the United Kingdom. In 2004, luxury brands represented 53% of its revenues.