updated 3/7/2011 10:16:04 PM ET 2011-03-08T03:16:04

CHICAGO, March 7, 2011 (GLOBE NEWSWIRE) -- LKQ Corporation (Nasdaq:LKQX) is confirming reports that the Company is engaging in discussions with J.P. Morgan, Merrill Lynch, RBS Securities and Wells Fargo concerning syndication of a proposed new senior secured credit facility for the Company. No definitive documentation or final terms have been agreed upon and there can be no assurance that a final agreement will be reached. The Company intends to announce further details if and when a transaction is completed.

About LKQ Corporation

LKQ Corporation is the largest nationwide provider of aftermarket collision replacement products, recycled products and refurbished collision replacement products such as wheels, bumper covers and lights. LKQ operates more than 325 facilities offering its customers a broad range of replacement systems, components, and parts to repair automobiles and light, medium and heavy-duty trucks.

Forward Looking Statements

The statements in this press release that are not historical in nature are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These include statements regarding our expectations, beliefs, hopes, intentions or strategies. Forward-looking statements involve risks and uncertainties, some of which are not currently known to us. Actual events or results may differ materially from those expressed or implied in the forward looking statements as a result of various factors. You should not place undue reliance on these forward-looking statements. All of these forward-looking statements are based on our expectations as of the date of this press release. We undertake no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by law.

CONTACT: LKQ Corporation
         Investor Relations Department
         (312) 621-1950

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