---

CRAGAR Names Michael R. Miller to the Board of Directors

6 July 1998

CRAGAR Names Michael R. Miller to the Board of Directors

    PHOENIX, July 6 -- CRAGAR Industries, Inc. has
announced that Michael R. Miller, Chief Operating Officer of Cragar
Industries, Inc., has been named to the Board of Directors.
    Michael L. Hartzmark, President and CEO of CRAGAR, remarked, "We
interviewed many exceptional people and decided the most qualified individual
was inside the Company.  With Mr. Miller's automotive and consulting
background, as well as his understanding of strategic planning and operations,
he will add greatly to the Board and assist in implementing our strategic
goals."

    Some of Mr. Miller's credentials are listed below:
    -- Former Vice President of Engineering and Sales for Siebe Fluid Systems,
a large manufacturer of Automotive Parts to Ford, GM,. Chrysler, Nissan and
TRW
    -- Former Vice President of Operations of Mr. Gasket Co., responsible for
CRAGAR Operations through 1992
    -- Over 17 years Manufacturing, Engineering and Consulting Experience at
both turnaround and high growth companies, including four years at the
Deloitte & Touche consulting practice where he specialized in Re-Engineering
Programs designed to improve product flows, lower product costs, increase
throughput and decrease inventory
    -- MBA in Operations Management from Rochester Institute of Technology and
B.S. in Business Administration from University of Albany

    CRAGAR Industries, Inc. is an international designer, producer, and seller
of custom wheels and wheel accessories for cars, trucks, vans, sport utility
vehicles, racing vehicles, and motorcycles.
    For additional information, contact Michael L. Hartzmark, President and
CEO, 602-247-1300.  Internet address:  http://www.prnewswire.com/cnoc.  To
obtain hard copies, call Fax-On-Demand at 800-758-5804.
    This release includes statements which may constitute forward-looking
statements made pursuant to the safe harbor provisions of the Private
Securities Litigation Reform Act of 1995.  Forward-looking statements are
inherently subject to risks and uncertainties, some of which cannot be
predicted or quantified.  Future events and actual results could differ
materially from those set forth in, contemplated by, or underlying the
forward-looking statements.  Please refer to the Risk Factors in the Company's
filings with the Securities and Exchange Commission which identify certain
important factors that could cause the actual results to differ materially
from those contained in our forward-looking statements.  These factors
include, but are not limited to, the bankruptcy of the Company's primary
customer, dependence on external financing, product availability, market
conditions, as well as general economic conditions.