UNITED AUTO GROUP INC
SC 13G, 1997-02-13
AUTO DEALERS & GASOLINE STATIONS
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                                  UNITED STATES
                       SECURITIES AND EXCHANGE COMMISSION
                             Washington, D.C. 20549


                                  SCHEDULE 13G

                    Under the Securities Exchange Act of 1934
                                (Amendment No.______)*


                             United Auto Group, Inc.
- --------------------------------------------------------------------------------
                                (Name of Issuer)

                               Voting Common Stock
- --------------------------------------------------------------------------------
                         (Title of Class of Securities)

                                     909440
- --------------------------------------------------------------------------------
                                 (CUSIP Number)


*    The  remainder  of this  cover  page  shall be filled  out for a  reporting
person's  initial  filing on this  form with  respect  to the  subject  class of
securities,  and for any subsequent amendment containing information which would
alter the disclosures provided in a prior cover page.

    The  information  required on the  remainder of this cover page shall not be
deemed to be "filed"  for the purpose of Section 18 of the  Securities  Exchange
Act of 1934 ("Act") or otherwise  subject to the  liabilities of that section of
the Act but shall be subject to all other  provisions of the Act  (however,  see
the Notes).


<PAGE>2

                                SCHEDULE 13G

- --------------------------------------------------------------------------------
  1  NAME OF REPORTING PERSON
     S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON

     Trace International Holdings, Inc.            I.D. #
- --------------------------------------------------------------------------------
  2  CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*     (a) [X]
                                                           (b) [ ]

- --------------------------------------------------------------------------------
  3  SEC USE ONLY

- --------------------------------------------------------------------------------
  4  CITIZENSHIP OR PLACE OF ORGANIZATION

     Delaware
- --------------------------------------------------------------------------------
                   5  SOLE VOTING POWER

   NUMBER OF          -0-
    SHARES            ----------------------------------------------------------
 BENEFICIALLY      6  SHARED VOTING POWER
   OWNED BY
     EACH             3,531,156 shares of Voting Common Stock
  REPORTING           ----------------------------------------------------------
 PERSON WITH       7  SOLE DISPOSITIVE POWER

                      -0-
                      ----------------------------------------------------------
                   8  SHARED DISPOSITIVE POWER

                      3,531,156 shares of Voting Common Stock
                      ----------------------------------------------------------
  9  AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

     3,531,156 shares of Voting Common Stock
- --------------------------------------------------------------------------------
  10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*[ ]

- --------------------------------------------------------------------------------
  11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9

     21.2%
- --------------------------------------------------------------------------------
  12 TYPE OF REPORTING PERSON*

     CO
- --------------------------------------------------------------------------------

                      *SEE INSTRUCTIONS BEFORE FILLING OUT!


<PAGE>3


                                  SCHEDULE 13G

- --------------------------------------------------------------------------------
  1  NAME OF REPORTING PERSON
     S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON

     Trace Auto Holdings, Inc.            I.D. #
- --------------------------------------------------------------------------------
  2  CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*     (a) [X]
                                                           (b) [ ]

- --------------------------------------------------------------------------------
  3  SEC USE ONLY

- --------------------------------------------------------------------------------
  4  CITIZENSHIP OR PLACE OF ORGANIZATION

     Delaware
- --------------------------------------------------------------------------------
                   5  SOLE VOTING POWER

   NUMBER OF          -0-
    SHARES            ----------------------------------------------------------
 BENEFICIALLY      6  SHARED VOTING POWER
   OWNED BY
     EACH             3,531,156 shares of Voting Common Stock
  REPORTING           ----------------------------------------------------------
 PERSON WITH       7  SOLE DISPOSITIVE POWER

                      -0-
                      ----------------------------------------------------------
                   8  SHARED DISPOSITIVE POWER

                      3,531,156 shares of Voting Common Stock
                      ----------------------------------------------------------
  9  AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

     3,531,156 shares of Voting Common Stock
- --------------------------------------------------------------------------------
  10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*[ ]

- --------------------------------------------------------------------------------
  11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9

     21.2%
- --------------------------------------------------------------------------------
  12 TYPE OF REPORTING PERSON*

     CO
- --------------------------------------------------------------------------------

                      *SEE INSTRUCTIONS BEFORE FILLING OUT!


<PAGE>4


                                  SCHEDULE 13G

- --------------------------------------------------------------------------------
  1  NAME OF REPORTING PERSON
     S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON

     Marshall S. Cogan                              I.D. #
- --------------------------------------------------------------------------------
  2  CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*     (a) [ ]
                                                           (b) [X]

- --------------------------------------------------------------------------------
  3  SEC USE ONLY

- --------------------------------------------------------------------------------
  4  CITIZENSHIP OR PLACE OF ORGANIZATION

     USA
- --------------------------------------------------------------------------------
                   5  SOLE VOTING POWER

   NUMBER OF          -0-
    SHARES            ----------------------------------------------------------
 BENEFICIALLY      6  SHARED VOTING POWER
   OWNED BY
     EACH             -0-
  REPORTING           ----------------------------------------------------------
 PERSON WITH       7  SOLE DISPOSITIVE POWER

                      -0-
                      ----------------------------------------------------------
                   8  SHARED DISPOSITIVE POWER

                      -0-
                      ----------------------------------------------------------
  9  AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

     -0-
- --------------------------------------------------------------------------------
  10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*[X]

- --------------------------------------------------------------------------------
  11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9

     0%
- --------------------------------------------------------------------------------
  12 TYPE OF REPORTING PERSON*

     IN
- --------------------------------------------------------------------------------

                      *SEE INSTRUCTIONS BEFORE FILLING OUT!



<PAGE>5


Item 1.

      (a)   Name of Issuer:
            United Auto Group, Inc.

      (b)   Address of Issuer's Principal  Executive  Offices:
            375 Park Avenue, 22nd Floor, New York, New York 10152

Item 2.

      (a)   Name of Person  Filing:
            This statement is filed by and on behalf of (a) Trace  International
            Holdings,  Inc.  ("TIHI");  (b) Trace Auto  Holdings,  Inc.  ("Trace
            Auto"); and (c) Marshall S. Cogan.

      (b)   Address of Principal  Business  Office or, if none,  Residence:
            The business  address of each of the  foregoing is 375 Avenue,  11th
            Floor, New York, New York, 10152

      (c)   Citizenship:
            TIHI  and  Trace  Auto are  Delaware  corporations.  Mr.  Cogan is a
            citizen of the United States.

      (d)   Title of Class of Securities:
            Voting Common Stock

      (e)   CUSIP Number:
            909440

Item 3.

            Not applicable.

Item 4.     Ownership.

            (a)   Amount Beneficially Owned: 3,531,156 Shares

            (b)   Percent of Class: 21.2%

            (c)   Number of shares as to which such person has:

                  (i)   sole power to vote or to direct the vote:
                        -0-

                  (ii)  shared power to vote or to direct the vote:
                        3,531,156 Shares


<PAGE>6



                  (iii) sole power to dispose or to direct the disposition of:
                        -0-

                  (iv)  shared power to dispose or to direct the disposition of:
                        3,531,156 Shares


Marshall S. Cogan is the principal stockholder,  Chairman of the Board and Chief
Executive  Officer of TIHI,  which is the sole  stockholder  of Trace Auto.  Mr.
Cogan,  by  virtue  of  his  relationship  with  TIHI,  may  be  deemed  to  own
beneficially  (as that term is defined in Rule  13d-3) the  3,531,156  shares of
Voting Common Stock  beneficially  owned,  directly or  indirectly,  by TIHI and
Trace Auto. Mr. Cogan disclaims beneficial ownership of such shares.

Item 5.     Ownership of Five Percent or Less of a Class

            Not applicable.

Item 6.     Ownership of More than Five Percent on Behalf of Another Person

            Not applicable.

Item 7.     Identification  and  Classification of the Subsidiary Which Acquired
            the Security Being Reported on by the Parent Holding Company.

            Not applicable.

Item  8.    Identification and Classification of Members of the Group.

            Not applicable.

Item 9.     Notice of Dissolution of Group.

            Not applicable.

Item 10.    Certification.

            Not applicable.


<PAGE>7


                                    SIGNATURE

    After  reasonable  inquiry and to the best of my  knowledge  and  belief,  I
certify that the information  set forth in this statement is true,  complete and
correct.



                                         TRACE INTERNATIONAL HOLDINGS, INC.


                                         By:  /s/ Philip N. Smith,  Jr.
                                              -------------------------
February 13, 1997                             Philip N. Smith, Jr.,
                                              Senior Vice President, Secretary
                                                   and General Counsel



                                         TRACE AUTO HOLDINGS, INC.


                                         By:  /s/ Philip N. Smith, Jr.
                                              ------------------------
February 13, 1997                             Philip N. Smith, Jr.,
                                              Vice President, Secretary and
                                                General Counsel



                                         /s/ Marshall S. Cogan
                                         ---------------------
February 13, 1997                            Marshall S. Cogan


<PAGE>8


                                  EXHIBIT INDEX
                                  -------------

Exhibit No.   Description
- -----------   -----------

1             Joint  Filing  Agreement,  dated  February  13,  1997,  among  the
              signatories to this Schedule 13G.




<PAGE>


               JOINT FILING AGREEMENT PURSUANT TO RULE 13d-1(f)(1)
               ---------------------------------------------------

    The  undersigned  acknowledge  and agree  that the  foregoing  statement  on
Schedule  13G is  filed  on  behalf  of each of the  undersigned  and  that  all
subsequent amendments to this statement on Schedule 13G shall be filed on behalf
of each of the  undersigned  without the  necessity of filing  additional  joint
filing  agreements.  The undersigned  acknowledge that each shall be responsible
for the timely filing of such amendments,  and for the completeness and accuracy
of the information concerning it contained therein, but shall not be responsible
for the  completeness  and accuracy of the  information  concerning  the others,
except to the extent it knows or has reason to believe that such  information is
inaccurate.  This  Joint  Filing  Agreement  may be  executed  in any  number of
counterparts  and all of such  counterparts  taken together shall constitute one
and the same instrument.

Dated:  February 13, 1997


                                         TRACE INTERNATIONAL HOLDINGS, INC.


                                         By:  /s/ Philip N. Smith, Jr.
                                              ------------------------
                                              Philip N. Smith, Jr.
                                              Senior Vice President, Secretary
                                                 and General Counsel


                                         TRACE AUTO HOLDINGS, INC.


                                         By:  /s/ Philip N. Smith, Jr.
                                              -----------------------
                                              Philip N. Smith, Jr.
                                              Vice President, Secretary
                                                 and General Counsel



                                         /s/ Marshall S. Cogan
                                         ---------------------
                                         Marshall S. Cogan






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