Penske Automotive Group, Inc. – ‘10-K’ for 12/31/97 – EX-18.1

As of:  Tuesday, 4/14/98   ·   For:  12/31/97   ·   Accession #:  950136-98-682   ·   File #:  1-12297

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Annual Report   —   Form 10-K
Filing Table of Contents

Document/Exhibit                   Description                      Pages   Size 

 1: 10-K        Annual Report                                         51    250K 
 2: EX-10.3.1   Ford Sales and Service Agreement, Including           50    206K 
                          Standard Provisions                                    
 3: EX-18.1     Letter From Coopers & Lybrand LLP                      1      8K 
 4: EX-21.1     Subsidiaries of the Company                            8     21K 
 5: EX-23.1     Consent of Coopers & Lybrand LLP                       1      7K 
 6: EX-27.1     Financial Data Schedule                                2      7K 
 7: EX-27.2     Restated Financial Data Schedule                       2      8K 
 8: EX-27.3     Restated Financial Data Schedule                       2      8K 
 9: EX-27.4     Restated Financial Data Schedule                       2      8K 
10: EX-27.5     Restated Financial Data Schedule                       2      8K 
11: EX-27.6     Restated Financial Data Schedule                       2      8K 

EX-18.1   —   Letter From Coopers & Lybrand LLP

EX-18.1
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                                                              Exhibit 18.1

[Coopers & Lybrand LLP Letterhead]  

                                          April 13, 1998

United Auto Group, Inc.                                                         
375 Park Avenue                                                                 
22nd Floor                                                                      
New York, NY 10152                                                              

We are providing this letter to you for inclusion as an exhibit to your Form    
10-K filing pursuant to Item 601 of Regulation S-K.                             

We have read management's justification for the change in accounting from the   
last-in, first-out method to the specific identification method contained in    
the Company's Form 10-K for the year ended December 31, 1997. Based on our      
reading of the data and discussions with Company officials about the business   
judgment and business planning factors relating to the change, we believe       
management's change to be reasonable. Accordingly, in reliance on management's  
determination as regards elements of business judgment and business planning,   
we concur that the newly adopted accounting principle described above is        
preferable in the Company's circumstances to the method previously applied.     

                      /s/ Coopers & Lybrand L.L.P.

Dates Referenced Herein   and   Documents Incorporated by Reference

This ‘10-K’ Filing		Date		Other Filings
Filed on:		4/14/98
		4/13/98
For Period End:		12/31/97		NT 10-K
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