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

Third Quarter 2010 Results and a Quarterly Dividend

New York, NY, November 2, 2010......Standard Motor Products, Inc. (NYSE: SMP), an automotive replacement parts manufacturer and distributor, reported today its consolidated financial results for the three months and nine months ended September 30, 2010.

Consolidated net sales for the third quarter of 2010 were $227.5 million, compared to consolidated net sales of $205.6 million during the comparable quarter in 2009. Earnings from continuing operations for the third quarter of 2010 were $11.1 million or 48 cents per diluted share, compared to $4.7 million or 25 cents per diluted share in the third quarter of 2009. Excluding non-operational gains and losses identified on the attached reconciliation of GAAP and non-GAAP measures, earnings from continuing operations for the third quarter of 2010 were $9.8 million or 43 cents, compared to $6.6 million or 35 cents per diluted share in the third quarter of 2009.

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

(718) 392-0200

www.smpcorp.com

Consolidated net sales for the nine month period ended September 30, 2010 were $637.9 million, compared to consolidated net sales of $575.3 million during the comparable period in 2009. Earnings from continuing operations for the nine month period ended September 30, 2010 were $22 million or 97 cents per diluted share, compared to $11.1 million or 59 cents per diluted share in the comparable period of 2009. Excluding non-operational gains and losses identified on the attached reconciliation of GAAP and non-GAAP measures, earnings from continuing operations for the nine months ended 2010 and 2009 were $21.6 million or 96 cents per diluted share and $13.1 million or 70 cents per diluted share, respectively.

Commenting on the results, Mr. Lawrence I. Sills, Standard Motor Products’ Chairman and Chief Executive Officer, stated, “We are pleased to see that our excellent results continued through the third quarter. Our third quarter sales increase of $22 million or 10.7% and year-to-date increase of $62.6 million or 10.9% are supported by ongoing positive demographic trends: ageing car population, closing down of car dealers, and a certain amount of pent-up demand. In addition, temperature control sales benefited from a hotter than normal summer, and OE/OES volume continued to increase, though the volume remains slightly below 2008 levels.

“We saw further improvements in gross margin. Our 2010 pricing is now fully implemented, and we continue to increase production and improve efficiency in our low cost factories in Mexico and Poland. Gross margins reached 25.9% in Engine Management and 23.9% in Temperature Control in the third quarter.”

The Board of Directors has approved payment of a quarterly dividend of five cents per share on the common stock outstanding. The dividend will be paid on December 1, 2010 to stockholders of record on November 15, 2010.

Standard Motor Products, Inc. will hold a conference call at 11:00 AM, Eastern Time, on Tuesday, November 2, 2010. The dial in number is 800-895-0198 (domestic) or 785-424-1053 (international). The playback number is 800-388-6509 (domestic) or 402-220-1111 (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						NINE MONTHS ENDED
	SEPTEMBER 30,						SEPTEMBER 30,
	2010			2009			2010			2009
	(Unaudited)						(Unaudited)
NET SALES	$	227,540		$	205,577		$	637,939		$	575,297

COST OF SALES		167,526			155,774			475,718			438,195

GROSS PROFIT		60,014			49,803			162,221			137,102

SELLING, GENERAL & ADMINISTRATIVE EXPENSES		41,991			36,775			120,459			109,607
RESTRUCTURING AND INTEGRATION EXPENSES		1,388			3,304			3,430			5,677

OPERATING INCOME		16,635			9,724			38,332			21,818

OTHER INCOME, NET		1,736			783			2,432			4,310

INTEREST EXPENSE		1,844			2,423			5,710			7,225

EARNINGS FROM CONTINUING OPERATIONS BEFORE TAXES		16,527			8,084			35,054			18,903

INCOME TAX EXPENSE		5,430			3,360			13,029			7,754

EARNINGS FROM CONTINUING OPERATIONS		11,097			4,724			22,025			11,149

DISCONTINUED OPERATION, NET OF TAX		(1,441	)		(1,639	)		(2,309	)		(2,221	)

NET EARNINGS	$	9,656		$	3,085		$	19,716		$	8,928






NET EARNINGS PER COMMON SHARE:

BASIC EARNINGS FROM CONTINUING OPERATIONS	$	0.49		$	0.25		$	0.98		$	0.59
DISCONTINUED OPERATION		(0.06	)		(0.09	)		(0.10	)		(0.11	)
NET EARNINGS PER COMMON SHARE - BASIC	$	0.43		$	0.16		$	0.88		$	0.48


DILUTED EARNINGS FROM CONTINUING OPERATIONS	$	0.48		$	0.25		$	0.97		$	0.59
DISCONTINUED OPERATION		(0.06	)		(0.09	)		(0.10	)		(0.11	)
NET EARNINGS PER COMMON SHARE - DILUTED	$	0.42		$	0.16		$	0.87		$	0.48


WEIGHTED AVERAGE NUMBER OF COMMON SHARES		22,597,117			18,895,299			22,528,108			18,769,791
WEIGHTED AVERAGE NUMBER OF COMMON AND DILUTIVE SHARES		23,472,411			19,088,673			22,604,344			18,790,155

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




(In thousands, except per share amounts)
	THREE MONTHS ENDED						NINE MONTHS ENDED
	September 30,						September 30,
	2010			2009			2010			2009
	(Unaudited)						(Unaudited)
EARNINGS FROM CONTINUING OPERATIONS
GAAP EARNINGS FROM CONTINUING OPERATIONS	$	11,097		$	4,724			22,025			11,149

RESTRUCTURING AND INTEGRATION EXPENSES (NET OF TAX)		832			2,042			2,058			3,871
LOSS FROM EUROPE DIVESTITURE (NET OF TAX)		-			-			47			-
GAIN FROM SALE OF PREFERRED STOCK INVESTMENT (NET OF TAX)		-			-			-			(1,402	)
REVERSAL OF LT TAX LIABILITY		(1,084	)		-			(1,084	)		-
GAIN FROM SALE OF BUILDINGS (NET OF TAX)		(1,033	)		(157	)		(1,431	)		(472	)
GAIN FROM DEBENTURE REPURCHASE (NET OF TAX)		-			-			-			(24	)
NON-GAAP EARNINGS FROM CONTINUING OPERATIONS	$	9,812		$	6,609		$	21,615		$	13,122


DILUTED EARNINGS PER SHARE FROM CONTINUING OPERATIONS
GAAP DILUTED EARNINGS PER SHARE FROM CONTINUING OPERATIONS		0.48		$	0.25			0.97		$	0.59
RESTRUCTURING AND INTEGRATION EXPENSES (NET OF TAX)		0.03			0.11			0.09			0.21
LOSS FROM EUROPE DIVESTITURE (NET OF TAX)		-			-			-			-
GAIN FROM SALE OF PREFERRED STOCK INVESTMENT (NET OF TAX)		-			-			-			(0.07	)
REVERSAL OF LT TAX LIABILITY		(0.04	)		-			(0.04	)		-
GAIN FROM SALE OF BUILDINGS (NET OF TAX)		(0.04	)		(0.01	)		(0.06	)		(0.03	)
GAIN FROM DEBENTURE REPURCHASE (NET OF TAX)		-			-			-			-

NON-GAAP DILUTED EARNINGS PER SHARE FROM CONTINUING OPERATIONS		0.43		$	0.35			0.96		$	0.70

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)


	September 30,		December 31,
	2010		2009
	(Unaudited)

ASSETS

CASH	$	13,407	$	10,618

ACCOUNTS RECEIVABLE, GROSS		179,238		131,785
ALLOWANCE FOR DOUBTFUL ACCOUNTS		8,026		6,962
ACCOUNTS RECEIVABLE, NET		171,212		124,823

INVENTORIES		231,578		199,752
ASSETS HELD FOR SALE		216		1,405
OTHER CURRENT ASSETS		26,021		27,616

TOTAL CURRENT ASSETS		442,434		364,214

PROPERTY, PLANT AND EQUIPMENT, NET		62,104		61,478
GOODWILL AND OTHER INTANGIBLES		12,937		13,805
OTHER ASSETS		38,877		44,962

TOTAL ASSETS	$	556,352	$	484,459


LIABILITIES AND STOCKHOLDERS' EQUITY


NOTES PAYABLE	$	61,657	$	58,430
CURRENT PORTION OF LONG TERM DEBT		12,385		67
ACCOUNTS PAYABLE TRADE		85,690		54,381
ACCRUED CUSTOMER RETURNS		35,419		20,442
OTHER CURRENT LIABILITIES		83,161		71,303

TOTAL CURRENT LIABILITIES		278,312		204,623

LONG-TERM DEBT		262		17,908
ACCRUED ASBESTOS LIABILITY		24,722		24,874
OTHER LIABILITIES		43,797		43,176

TOTAL LIABILITIES		347,093		290,581

TOTAL STOCKHOLDERS' EQUITY		209,259		193,878

TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY	$	556,352	$	484,459

STANDARD MOTOR PRODUCTS, INC.
Segment Revenues and Operating Profit


(In thousands)


	THREE MONTHS ENDED										NINE MONTHS ENDED
	SEPTEMBER 30,										SEPTEMBER 30,
	2010					2009					2010					2009
	(unaudited)					(unaudited)					(unaudited)					(unaudited)
Revenues
Engine Management	$	153,577				$	136,971				$	443,489				$	384,270
Temperature Control		71,774					59,505					185,714					165,426
Europe		-					7,213					-					21,259
All Other		2,189					1,888					8,736					4,342
	$	227,540				$	205,577				$	637,939				$	575,297

Gross Margin
Engine Management	$	39,785		25.9	%	$	32,770		23.9	%	$	110,407		24.9	%	$	94,372		24.6	%
Temperature Control		17,157		23.9	%		13,056		21.9	%		43,117		23.2	%		30,765		18.6	%
Europe		-					1,802		25.0	%		-					5,501		25.9	%
All Other		3,072					2,175					8,697					6,464
	$	60,014		26.4	%	$	49,803		24.2	%	$	162,221		25.4	%	$	137,102		23.8	%

Selling, General & Administrative
Engine Management	$	25,468		16.6	%	$	22,619		16.5	%	$	74,905		16.9	%	$	66,726		17.4	%
Temperature Control		10,799		15.0	%		8,211		13.8	%		28,709		15.5	%		24,038		14.5	%
Europe		-					1,734		24.0	%		-					5,066		23.8	%
All Other		5,724					4,211					16,845					13,777
		41,991		18.5	%		36,775		17.9	%		120,459		18.9	%		109,607		19.1	%
Restructuring & Integration		1,388		0.6	%		3,304		1.5	%		3,430		0.5	%		5,677		0.9	%
	$	43,379		19.1	%	$	40,079		19.4	%	$	123,889		19.4	%	$	115,284		20.0	%


Operating Profit
Engine Management	$	14,317		9.3	%	$	10,151		7.4	%	$	35,502		8.0	%	$	27,646		7.2	%
Temperature Control		6,358		8.9	%		4,845		8.1	%		14,408		7.8	%		6,727		4.1	%
Europe		-					68		0.9	%		-					435		2.0	%
All Other		(2,652	)				(2,036	)				(8,148	)				(7,313	)
		18,023		7.9	%		13,028		6.3	%		41,762		6.5	%		27,495		4.8	%
Restructuring & Integration		1,388		0.6	%		3,304		1.6	%		3,430		0.5	%		5,677		1.0	%
	$	16,635		7.3	%	$	9,724		4.7	%	$	38,332		6.0	%	$	21,818		3.8	%