
                    CONSENT OF INDEPENDENT PUBLIC ACCOUNTANTS

As independent  public  accountants,  we hereby consent to the  incorporation by
reference in this Registration  Statement of our report dated November 25, 1996,
included in Action Performance Companies,  Inc.'s Registration Statement on Form
S-3  (333-27485) and the Rule 424(b)  Prospectus  filed  thereunder,  and to all
references to our firm included in this Registration Statement.

                                                             ARTHUR ANDERSEN LLP

Phoenix, Arizona
June 17, 1997
