| Business Summary | | United
Auto
Group,
Inc.
(UAG)
is
an
operator
of
franchised
automobile
and
light
truck
dealerships
and
related
businesses.
At
the
end
of
2000,
the
Company
operated
franchises
located
in
17
states
and
Puerto
Rico.
In
addition,
the
Company
has
an
investment
in
three
retail
automotive
dealerships
in
Brazil.
As
an
integral
part
of
its
dealership
operations,
UAG
also
sells
used
vehicles.
All
of
UAG's
franchised
dealerships
include
integrated
service
and
parts
operations,
which
are
an
important
source
of
recurring
revenues.
In
addition,
UAG
dealerships
market
a
complete
line
of
aftermarket
automotive
products
and
services.
Aftermarket
products
include
finance,
warranty,
extended
service
and
maintenance
contracts,
as
well
as
accessories
such
as
radios,
cellular
phones,
alarms,
custom
wheels,
paint
sealants
and
fabric
protectors.
In
addition,
the
Company
receives
fees
for
placing
financing
and
lease
contracts. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | UAG
is
engaged
in
the
sale
of
new
and
used
motor
vehicles
and
related
products
and
services,
including
vehicle
service
and
parts,
finance
and
other
aftermarket
products.
UAG
also
purchases,
sells
and
services
vehicle
financing
contracts.
For
the
six
months
ended
6/30/01,
revenues
rose
30%
to
$3.01
billion.
Net
income
before
extraordinary
item
rose
20%
to
$20
million.
Results
reflect
higher
sales
at
dealerships
and
acquisitions,
partially
offset
by
higher
selling
expenses. | More
from
Market Guide: Significant
Developments |
| | | | FY2000 Pay | |
| Roger Penske, 64 Chairman
and CEO | -- | Samuel DiFeo, 51 Pres,
COO | $500K | James Davidson, 55 Exec.
VP-Fin. | 500K | Robert Kurnick, Jr., 39 Exec.
VP, Gen. Counsel, Sec. | 57K | Paul Walters, 57 Exec.
VP- HR | -- | Dollar amounts are as of 31-Dec-2000 and compensation values are for the fiscal year ending on that date; "Pay" is salary, bonuses, etc.. |
| More
from
Market Guide on Officers & Directors: Expanded
List, Bios,
Compensation,
Options
|
|