UnitedAuto Expands Presence in Texas

BLOOMFIELD HILLS, MI - United Auto Group, Inc., an international new and used automotive retailer, has expanded its presence in Texas with the acquisition of the Classic Automotive Group in Austin. The acquisition represents four new franchises anticipated to add $300 million in annualized revenue to the company's operations.

Together with UnitedAuto's existing BMW dealership in the Austin market, this acquisition serves to supplement UnitedAuto's foreign nameplate brand mix. Terms of the acquisition were not disclosed.