LKQ Corporation Acquires Metro East Salvage, Inc.

CHICAGO--Jan. 2, 20048, 2004--LKQ Corporation today announced that it has acquired Metro East Salvage, Inc., a privately held company that operates a recycled OEM automotive replacement parts facility. Terms of the transaction were not disclosed.

Located approximately ten miles east of St. Louis on ten acres of land in Caseyville, IL, Metro East will service the greater St. Louis, MO area, and provide a strategic link within LKQ's network of facilities.

"Once fully incorporated into our network, our investment in Metro East is expected to enhance our ability to move product more efficiently across several of our regions," said Joe Holsten, LKQ's President and Chief Executive Officer. "In the first full year of operation, we expect Metro East to contribute revenue in the range of $3.5 to $4.0 million."

About LKQ Corporation

LKQ Corporation is the largest nationwide provider of recycled OEM automotive replacement parts and related services, with 39 sales and processing facilities and 12 redistribution centers that reach most major markets in the United States.

Forward Looking Statements

The statements in this press release that are not historical are forward looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, including statements regarding our expectations, beliefs, hopes, intentions or strategies. Forward looking statements involve risks and uncertainties, some of which are not currently known to us. Actual events or results may differ materially from those expressed or implied in the forward looking statements as a result of various factors. These factors include the uncertainty involved in acquiring the outstanding stock of a corporation and the risk factors and other risks that are described in our Registration Statement on Form S-1 as declared effective on October 2, 2003 and in other reports filed by us from time to time with the Securities and Exchange Commission. We assume no obligation to update any forward looking statement to reflect events or circumstances arising after the date on which it was made.