Aftermarket Technology Corp. Announces Increase of Stock Repurchase Program

    WESTMONT, Ill., May 17 Aftermarket Technology Corp.
today announced that the share repurchase program, commenced on
January 8, 2001 by the Company, certain members of management and directors of
the Company, certain principals and affiliates of the Aurora Capital Group and
certain other shareholders of the Company, is being increased so that up to
100,000 more shares can be purchased by an affiliate of Aurora Capital Group.
This brings the total repurchase program to approximately 1,850,000 shares.
As of May 16, 2001, approximately 1,240,000 shares of the Company's common
stock have been purchased under the program, with approximately 315,000 of
those shares purchased by ATC.
    Such purchases may be made from time to time in the open market, through
privately negotiated transactions or through block purchases.  The program
will be conducted in accordance with the Securities and Exchange Commission's
Rule 10b-18, subject to market conditions, applicable legal requirements and
other factors.
    Investment partnerships managed by Aurora currently own approximately 48%
of the Company's common shares outstanding and collectively hold approximately
65% of the voting power through their direct ownership and certain voting
arrangements.
    ATC is headquartered in Westmont, Illinois.  The Company's continuing
operations include drivetrain remanufacturing, third party logistics and
material recovery services. ATC also remanufactures electronic control
modules, instrument and display clusters and radios.

    The preceding paragraphs contain statements that are not related to
historical results and are "forward-looking" statements within the meaning of
the Private Securities Litigation Reform Act of 1995.  Forward-looking
statements include those that are predictive or express expectations, that
depend upon or refer to future events or conditions, or that concern future
financial performance (including future revenues, earnings or growth rates),
ongoing business strategies or prospects, or possible future Company actions.
Forward-looking statements involve risks and uncertainties because such
statements are based on current expectations, projections and assumptions
regarding future events that may not prove to be accurate.  Actual results may
differ materially from those projected or implied in the forward-looking
statements.  The factors that could cause actual results to differ are
discussed in the Company's Annual Report on Form 10-K for the year ended
December 31, 2000 and other filings made by the Company with the Securities
and Exchange Commission.

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