PRIDE AUTOMOTIVE GROUP INC
8-K, 1998-02-27
AUTO RENTAL & LEASING (NO DRIVERS)
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                       SECURITIES AND EXCHANGE COMMISSION

                             Washington, D.C. 20549


                                    FORM 8-K


                                 CURRENT REPORT


                     Pursuant to Section 13 or 15(d) of the
                        Securities Exchange Act of 1934.



                Date of Report (Date of Earliest event reported):
                                February 25, 1998


                          PRIDE AUTOMOTIVE GROUP, INC.
             (Exact name of registrant as specified in its charter)


Delaware                   0-24742                   13-3704059
State of                   Commission File           IRS Employer
Incorporation              Number.                   Identification No.



                Pride House, Watford Metro Centre, Tolpits Lane,
                     Watford Hertfordshire, England WD1 8SB

                     Address of principal executive offices

        Registrant's telephone number, including area code (800) 698-6590


                                      None
          (Former name or former address, if changed since last report)



<PAGE>
Item 6. Resignation of Director

On February 25, 1998, Ivan Averbuch tendered his resignation as a director to
the Company.  Notwithstanding, Mr. Averbuch will continue to serve as the
Chief Financial Officer of the Company


<PAGE>
                                   SIGNATURES



         Pursuant to the  requirements  of the Securities  Exchange Act of 1934,
the  Registrant  has duly  caused  this Report to be signed on its behalf by the
Undersigned hereunto duly authorized on the 25th of February, 1998.



                                         PRIDE AUTOMOTIVE GROUP, INC.



                                    By:  /s/ Alan Lubinsky
                                         Alan Lubinsky, President



                                  IVAN AVERBUCH







                                                  February 25, 1998



To the Board of Directors
  of Pride Automotive Group, Inc.

                  Re:      Resignation

Gentlemen:

                  This  letter  will serve as my  resignation  from the Board of
Directors as a Director of Pride Automotive Group, Inc.  effective  February 25,
1998.

                                                  Very truly yours,


                                                  /s/ Ivan Averbuch
                                                  Ivan Averbuch




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