LKQ Corporation Increases Borrowing Capacity

CHICAGO--June 2, 2005--LKQ Corporation reported that it has entered into the Second Amendment to its Credit Agreement with Bank of America, N.A., LaSalle Bank National Association, JP Morgan Chase Bank, NA, and National City Bank of the Midwest. The Second Amendment increased the aggregate commitment available for borrowing by LKQ under the Credit Agreement from $100 million to $135 million, extended the maturity date of the Credit Agreement from February 17, 2007 to June 1, 2010, and modified certain other terms.

"The increased capacity under our credit facility gives us more flexibility to expand through acquisitions and internally," said Mark Spears, Senior Vice President and Chief Financial Officer of LKQ. "We have enjoyed a beneficial relationship with our lending group, and we are pleased that they have the confidence in us to continue that relationship."

About LKQ Corporation

LKQ Corporation is the largest nationwide provider of recycled OEM automotive replacement parts and related services, with 47 sales and processing facilities, 9 self-service retail automotive parts facilities and 12 redistribution centers that reach most major markets in the United States. In addition, we have 3 recycled OEM facilities in Central America. We also are one of the largest suppliers of aftermarket collision automotive replacement parts, operating in approximately 30 locations, primarily east of the Mississippi River.

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 availability and cost of inventory;
--  pricing of new OEM replacement parts;
--  variations in vehicle accident rates;
--  changes in state or federal laws or regulations affecting our
    business;
--  fluctuations in fuel prices;
--  changes in the demand for our products and the supply of our
    inventory due to severity of weather and seasonality of
    weather patterns;
--  changes in the types of replacement parts that insurance
    carriers will accept in the repair process;
--  the amount and timing of operating costs and capital
    expenditures relating to the maintenance and expansion of our
    business, operations and infrastructure;
--  declines in asset values;
--  uncertainty as to changes in U.S. general economic activity
    and the impact of these changes on the demand for our
    products;
--  uncertainty as to our future profitability;
--  increasing competition in the automotive parts industry;
--  our ability to increase or maintain revenue and profitability
    at our facilities;
--  uncertainty as to the impact on our industry of any terrorist
    attacks or responses to terrorist attacks;
--  our ability to operate within the limitations imposed by
    financing arrangements;
--  our ability to obtain financing on acceptable terms to finance
    our growth;
--  our ability to integrate and successfully operate recently
    acquired companies and any companies acquired in the future
    and the risks associated with these companies;
--  our ability to develop and implement the operational and
    financial systems needed to manage our growing operations; and
--  other risks that are described in our Form 10-K filed March 8,
    2005 and in other reports filed by us from time to time with
    the Securities and Exchange Commission.

You should not place undue reliance on the forward looking statements. We assume no obligation to update any forward looking statement to reflect events or circumstances arising after the date on which it was made.