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Rankin Completes Sale of Assets to Replacement Parts, Inc.

26 September 2000

Rankin Completes Sale of Assets to Replacement Parts, Inc.

    HOUSTON, Sept. 26 Rankin Automotive Group, Inc. ("Company") today announced the
completion of the sale of certain assets related to a group of stores and a
regional distribution center to Replacement Parts, Inc., parent company of
Crow-Burlingame Co., and Parts Warehouse, Inc. of Little Rock, AR.  The assets
sold include 24 stores located in Mississippi and Louisiana, one distribution
center in Monroe, Louisiana, and independent auto parts store customers
serviced from that distribution center.  The sale was effective
September 18, 2000.  Rankin continues to operate locations in
Shreveport/Bossier, and Southeast Louisiana, which will be serviced out of the
Company's Houston distribution center.  The sale price was approximately
$11.6 million.  Proceeds will be used for repayment of bank indebtedness and
working capital.
    With the completion of the transaction, Rankin will operate 41 stores in
Texas and Louisiana, serviced by its distribution center in Houston, Texas.
Randall B. Rankin, CEO stated, "The Company is now focusing on its two-step
distribution business.  We expect our operating teams in Houston, Austin, San
Antonio, and Shreveport/Bossier to improve upon their leading positions in
those markets."  Fletcher Lord, CEO of Replacement Parts Inc., said, "We are
excited about the opportunities this acquisition offers us.  We have been an
active player in most of these markets for as long as 50 years, and this
transaction represents a natural geographic fit for both our 110 store group
and our distribution company."