MPA Secures New $15 Million Line of Credit

LOS ANGELES--June 7, 2004--Motorcar Parts of America, Inc. ("MPA") (OTC:MPAA), a leading provider of remanufactured starters and alternators for the automotive aftermarket, today announced that it has secured a new $15 million credit facility with Union Bank of California. The new revolving credit line, which will replace the Company's existing asset-based facility, bears interest either at the LIBOR rate plus 2% or the bank's reference rate, at MPA's option. The loan matures on October 2, 2006.

Selwyn Joffe, Chief Executive Officer of MPA, commented, "We are pleased to secure this new credit facility, which should provide us with the financial flexibility to grow our relationships with existing customers, enter new markets, and continue to improve our financial position. The new facility reflects the progress MPA has made in strengthening its balance sheet and improving its operating cash flows."

About MPA

Motorcar Parts of America, Inc. (MPA) is a leading manufacturer 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, Nashville, Tennessee, and Charlotte, North Carolina, as well as overseas in Singapore and Malaysia. The company websites are located at www.motorcarparts.com and www.quality-built.com.

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, changes in the Company's liquidity needs, 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.