MPA Announces Selwyn Joffe's Appointment as CEO

    TORRANCE, Calif.--Feb. 14, 2003--Motorcar Parts & Accessories, Inc. (Internet billboard:MPAA) announced today that its Board of Directors has appointed Selwyn Joffe, MPA's Chairman of the Board since 1999 and a director and consultant to the Company since 1995, as MPA's Chief Executive Officer.
    In addition to his service with MPA, Mr. Joffe, an attorney and CPA, brings extensive experience to his position, having served in a number of senior executive capacities, including President of Wolfgang Puck Food Company and of Palace Entertainment. Mr. Joffe stated, "I am pleased to have the opportunity to take the helm of MPA, a company I know so well, at this time of both exciting opportunities and challenges."
    At the same time, Anthony Souza, President and CEO of MPA since his appointment in December of 1999, is resigning from his current positions, including as a member of the Company's Board of Directors. Mr. Souza stated, "I am pleased with the results of the efforts of myself and the entire MPA team, and I have truly enjoyed my experience since joining MPA over three years ago. The Company is now on an even keel and Selwyn Joffe will be able to steer the Company to the next level."
    MPA is a leading remanufacturer of replacement alternators and starters for imported and domestic cars and light trucks in the United States and Canada. MPA also assembles and distributes ignition wire sets for imported and domestic cars and light trucks. MPA has facilities in the United States in Torrance, California and Nashville, Tennessee, as well as overseas in Singapore and Malaysia.

    Disclosure Regarding Private Securities Litigation Reform Act Of 1995: This press release may contain certain forward-looking statements with respect to the future performance of the Company that involve risks and uncertainties. Various factors could cause actual results to differ materially from those projected in such statements. These factors include, but are not limited to: concentration of sales to certain customers, changes in the Company's relationship with any of its customers, the potential for changes in consumer spending, consumer preferences and general economic conditions, increased competition in the automotive parts remanufacturing industry, unforeseen increases in operating costs and other factors discussed herein and in the Company's filings with the Securities and Exchange Commission.