For Immediate Release

For more information, contact:

James J. Burke

Standard Motor Products, Inc.

(718) 392-0200

Jennifer Tio

Maximum Marketing Services, Inc.

(312) 226-4111 x2449

Jennifer.tio@maxmarketing.com

Standard Motor Products, Inc. Announces

Second Quarter 2009 Results

New York, NY, August 5, 2009......Standard Motor Products, Inc. (NYSE: SMP), an automotive replacement parts manufacturer and distributor, reported today its consolidated financial results for the three months and six months ended June 30, 2009.

Consolidated net sales for the second quarter of 2009 were $197.5 million, compared to consolidated net sales of $215.3 million during the comparable quarter in 2008. Earnings from continuing operations for the second quarter of 2009 were $5.6 million or 30 cents per diluted share, compared to a loss of $772 thousand or 4 cents per diluted share in the second quarter of 2008. Excluding non-operational gains and losses identified on the attached reconciliation of GAAP and non-GAAP measures, earnings from continuing operations for the second quarter of 2009 were $5.2 million or 27 cents per diluted share, compared to essentially breakeven results in the second quarter of 2008.

Consolidated net sales for the six month period ended June 30, 2009 were $369.7 million, compared to consolidated net sales of $423.4 million during the comparable period in 2008. Earnings from continuing operations for the six month period ended June 30, 2009 were $6.4 million or 34 cents per diluted share, compared to $12.6 million or 68 cents per diluted share in the comparable period of 2008. Excluding non-operational gains and losses identified on the attached reconciliation of GAAP and non-GAAP measures, earnings from continuing operations for the six months ended 2009 and 2008 were $6.5 million or 35 cents per diluted share and $3.0 million or 16 cents per diluted share, respectively.

37-18 Northern Blvd., Long Island City, NY 11101

(718) 392-0200

www.smpcorp.com

Commenting on the results, Mr. Lawrence I. Sills, Standard Motor Products’ Chairman and Chief Executive Officer, stated, “We are pleased with our second quarter results as our earnings from continuing operations were substantially ahead of 2008, excluding one time items in both periods.

“Engine Management sales remain behind 2008 for reasons already discussed- - divestiture of Blue Streak Electronics, slow sales in the OE/OES sector, and the loss of a major portion of Carquest’s business in the latter part of 2008. However, this was more than compensated for by an increase in gross margin, from 21.7% in the second quarter of 2008 to 25.5% in the second quarter of 2009. The overhang of costs from our Long Island City and Puerto Rico facilities in 2008 are behind us, and our low cost Mexican operations continue to improve in efficiency. At the end of the third quarter, we will begin sales of the wire and cable product line acquired from Federal Mogul, with an anticipated volume of $20 - $25 million annually.

“Temperature Control sales benefited from the addition of two major retail accounts and we anticipate gross margin improvement in the future as we continue to shift production of rebuilt compressors to our facility in Reynosa, Mexico.

“Further, we achieved a substantial reduction in SG&A, with close to a $6 million improvement in the second quarter and over $13 million year to date. Salaried headcount reduction has been a major contributor to these savings.

“The most significant event of the period, of course, was redeeming the remaining 6.75% convertible bonds and reaching an agreement with our banks to extend our agreement for an additional year to March, 2013. We were able to accomplish this by reducing our total debt by 50% or $137.8 million, primarily through working capital improvement over the last 12 months - an outstanding achievement in these difficult times. We acknowledge the hard work and sacrifice of so many of our people from all areas of our Company.”

Standard Motor Products, Inc. will hold a conference call at 11:00 AM, Eastern Time, on Wednesday, August 5, 2009. The dial in number is 800-894-5910 (domestic) or 785-424-1052 (international). The playback number is 800-695-0395 (domestic) or 402-220-1388 (international). The conference ID # is STANDARD.

Under the safe harbor provisions of the Private Securities Litigation Reform Act of 1995, Standard Motor Products cautions investors that any forward-looking statements made by the company, including those that may be made in this press release, are based on management’s expectations at the time they are made, but they are subject to risks and uncertainties that may cause actual results, events or performance to differ materially from those contemplated by such forward looking statements. Among the factors that could cause actual results, events or performance to differ materially from those risks and uncertainties discussed in this press release are those detailed from time-to-time in prior press releases and in the company’s filings with the Securities and Exchange Commission, including the company’s annual report on Form 10-K and quarterly reports on Form 10-Q. By making these forward-looking statements, Standard Motor Products undertakes no obligation or intention to update these statements after the date of this release.

###

STANDARD MOTOR PRODUCTS, INC.
Consolidated Statements of Operations


(In thousands, except per share amounts)


	THREE MONTHS ENDED						SIX MONTHS ENDED
	JUNE 30,						JUNE 30,
	2009			2008			2009			2008
	(Unaudited)						(Unaudited)
NET SALES	$	197,498		$	215,343		$	369,720		$	423,427

COST OF SALES		151,092			166,714			282,421			323,574

GROSS PROFIT		46,406			48,629			87,299			99,853

SELLING, GENERAL & ADMINISTRATIVE EXPENSES		36,813			42,530			72,832			86,389
RESTRUCTURING AND INTEGRATION EXPENSES		1,210			1,376			2,373			4,212

OPERATING INCOME		8,383			4,723			12,094			9,252

OTHER INCOME, NET		3,422			10			3,527			20,372

INTEREST EXPENSE		2,325			3,582			4,802			7,716

EARNINGS FROM CONTINUING OPERATIONS BEFORE TAXES		9,480			1,151			10,819			21,908

INCOME TAX EXPENSE		3,842			1,923			4,394			9,333

EARNINGS (LOSS) FROM CONTINUING OPERATIONS		5,638			(772	)		6,425			12,575

LOSS FROM DISCONTINUED OPERATION, NET OF TAX		(322	)		(323	)		(582	)		(649	)

NET EARNINGS (LOSS)	$	5,316		$	(1,095	)	$	5,843		$	11,926





NET EARNINGS (LOSS) PER COMMON SHARE:

BASIC EARNINGS (LOSS) FROM CONTINUING OPERATIONS	$	0.30		$	(0.04	)	$	0.34		$	0.69
DISCONTINUED OPERATION		(0.02	)		(0.02	)		(0.03	)		(0.04	)
NET EARNINGS (LOSS) PER COMMON SHARE - BASIC	$	0.28		$	(0.06	)	$	0.31		$	0.65


DILUTED EARNINGS (LOSS) FROM CONTINUING OPERATIONS	$	0.30		$	(0.04	)	$	0.34		$	0.68
DISCONTINUED OPERATION		(0.02	)		(0.02	)		(0.03	)		(0.03	)
NET EARNINGS (LOSS) PER COMMON SHARE - DILUTED	$	0.28		$	(0.06	)	$	0.31		$	0.65


WEIGHTED AVERAGE NUMBER OF COMMON SHARES		18,814,723			18,332,273			18,705,997			18,319,979
WEIGHTED AVERAGE NUMBER OF COMMON AND DILUTIVE SHARES		20,014,439			18,384,840			18,720,479			21,157,672

STANDARD MOTOR PRODUCTS, INC.
Reconciliation of GAAP and Non-GAAP Measures




(In thousands, except per share amounts)
	THREE MONTHS ENDED						SIX MONTHS ENDED
	JUNE 30,						JUNE 30,
EARNINGS (LOSS) FROM CONTINUING OPERATIONS	2009			2008			2009			2008
							(Unaudited)

GAAP EARNINGS (LOSS) FROM CONTINUING OPERATIONS	$	5,638		$	(772	)		6,425			12,575

RESTRUCTURING AND INTEGRATION EXPENSES (NET OF TAX)		1,122			829			1,829			2,530
GAIN FROM SALE OF PREFERRED STOCK INVESTMENT (NET OF TAX)		(1,402	)		-			(1,402	)		-
LOSS FROM EXTINGUISHMENT OF DEBT (NET OF TAX)		-			-			-			882
GAIN FROM SALE OF BUILDING (NET OF TAX)		(157	)		(145	)		(315	)		(13,020	)
GAIN FROM DEBENTURE REPURCHASE (NET OF TAX)		(24	)		-			(24	)		-
NON-GAAP EARNINGS (LOSS) FROM CONTINUING OPERATIONS	$	5,177		$	(88	)	$	6,513		$	2,967


DILUTED EARNINGS (LOSS) PER SHARE FROM CONTINUING OPERATIONS
GAAP DILUTED EARNINGS (LOSS) PER SHARE FROM CONTINUING OPERATIONS	$	0.30		$	(0.04	)	$	0.34		$	0.68
RESTRUCTURING AND INTEGRATION EXPENSES (NET OF TAX)		0.05			0.05			0.10			0.14
GAIN FROM SALE OF PREFERRED STOCK INVESTMENT (NET OF TAX)		(0.07	)		-			(0.07	)		-
LOSS FROM EXTINGUISHMENT OF DEBT (NET OF TAX)		-			-			-			0.05
GAIN FROM SALE OF BUILDING (NET OF TAX)		(0.01	)		(0.01	)		(0.02	)		(0.71	)
GAIN FROM DEBENTURE REPURCHASE (NET OF TAX)		-			-			-			-

NON-GAAP DILUTED EARNINGS (LOSS) PER SHARE FROM CONTINUING OPERATIONS	$	0.27		$	0.00		$	0.35		$	0.16

MANAGEMENT BELIEVES THAT EARNINGS FROM CONTINUING OPERATIONS AND DILUTED EARNINGS PER SHARE FROM CONTINUING OPERATIONS BEFORE SPECIAL ITEMS, WHICH ARE NON-GAAP MEASUREMENTS, ARE MEANINGFUL TO INVESTORS BECAUSE THEY PROVIDE A VIEW OF THE COMPANY WITH RESPECT TO ONGOING OPERATING RESULTS. SPECIAL ITEMS REPRESENT SIGNIFICANT CHARGES OR CREDITS THAT ARE IMPORTANT TO AN UNDERSTANDING OF THE COMPANY'S OVERALL OPERATING RESULTS IN THE PERIODS PRESENTED. SUCH NON-GAAP MEASUREMENTS ARE NOT RECOGNIZED IN ACCORDANCE WITH GENERALLY ACCEPTED ACCOUNTING PRINCIPLES AND SHOULD NOT BE VIEWED AS AN ALTERNATIVE TO GAAP MEASURES OF PERFORMANCE.

STANDARD MOTOR PRODUCTS, INC.
Condensed Consolidated Balance Sheets



(In thousands)


	June 30,		December 31,
	2009		2008
	(Unaudited)

ASSETS

CASH	$	14,450	$	6,608

ACCOUNTS RECEIVABLE, GROSS		180,903		184,422
ALLOWANCE FOR DOUBTFUL ACCOUNTS		11,099		10,021
ACCOUNTS RECEIVABLE, NET		169,804		174,401

INVENTORIES		197,989		232,435
ASSETS HELD FOR SALE		762		1,654
OTHER CURRENT ASSETS		26,557		32,497

TOTAL CURRENT ASSETS		409,562		447,595

PROPERTY, PLANT AND EQUIPMENT, NET		65,581		66,901
GOODWILL AND OTHER INTANGIBLES		15,418		16,285
OTHER ASSETS		47,891		44,246

TOTAL ASSETS	$	538,452	$	575,027


LIABILITIES AND STOCKHOLDERS' EQUITY


NOTES PAYABLE	$	90,930	$	148,931
CURRENT PORTION OF LONG TERM DEBT		32,241		44,953
ACCOUNTS PAYABLE TRADE		63,519		68,312
ACCRUED CUSTOMER RETURNS		26,644		19,664
OTHER CURRENT LIABILITIES		75,172		61,136

TOTAL CURRENT LIABILITIES		288,506		342,996

LONG-TERM DEBT		12,859		273
ACCRUED ASBESTOS LIABILITY		24,399		23,758
OTHER LIABILITIES		42,892		44,455

TOTAL LIABILITIES		368,656		411,482

TOTAL STOCKHOLDERS' EQUITY		169,796		163,545

TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY	$	538,452	$	575,027

STANDARD MOTOR PRODUCTS, INC.
Segment Revenues and Operating Profit


(In thousands)


	THREE MONTHS ENDED										SIX MONTHS ENDED
	June 30,										June 30,
	2009					2008					2009					2008
				(Unaudited)										(Unaudited)
Revenues
Engine Management	$	121,870				$	138,482				$	244,757				$	281,844
Temperature Control		65,661					61,489					105,921					111,062
Europe		7,877					12,563					15,417					23,807
All Other		2,090					2,809					3,625					6,714
	$	197,498				$	215,343				$	369,720				$	423,427

Gross Margin
Engine Management	$	31,105		25.5	%	$	30,005		21.7	%	$	61,603		25.2	%	$	66,390		23.6	%
Temperature Control		11,462		17.5	%		12,185		19.8	%		17,708		16.7	%		19,897		17.9	%
Europe		1,843		23.4	%		3,049		24.3	%		3,698		24.0	%		6,243		26.2	%
All Other		1,996					3,390					4,290					7,323
	$	46,406		23.5	%	$	48,629		22.6	%	$	87,299		23.6	%	$	99,853		23.6	%

Selling, General & Administrative
Engine Management	$	21,956		18.0	%	$	25,086		18.1	%	$	43,868		17.9	%	$	49,496		17.6	%
Temperature Control		8,443		12.9	%		8,539		13.9	%		15,827		14.9	%		16,994		15.3	%
Europe		1,899		24.1	%		2,669		21.2	%		3,571		23.2	%		5,367		22.5	%
All Other		4,515					6,236					9,566					14,532
		36,813		18.6	%		42,530		19.7	%		72,832		19.7	%		86,389		20.4	%
Restructuring & Integration		1,210		0.7	%		1,376		0.6	%		2,373		0.6	%		4,212		1.0	%
	$	38,023		19.3	%	$	43,906		20.3	%	$	75,205		20.3	%	$	90,601		21.4	%


Operating Profit
Engine Management	$	9,149		7.5	%	$	4,919		3.6	%	$	17,735		7.2	%	$	16,893		6.0	%
Temperature Control		3,019		4.6	%		3,646		5.9	%		1,881		1.8	%		2,902		2.6	%
Europe		(56	)	-0.7	%		380		3.0	%		127		0.8	%		876		3.7	%
All Other		(2,519	)				(2,846	)				(5,276	)				(7,207	)
		9,593		4.9	%		6,099		2.8	%		14,467		3.9	%		13,464		3.2	%
Restructuring & Integration		1,210		0.7	%		1,376		0.6	%		2,373		0.6	%		4,212		1.0	%
	$	8,383		4.2	%	$	4,723		2.2	%	$	12,094		3.3	%	$	9,252		2.2	%