================================================================================
                                  UNITED STATES
                       SECURITIES AND EXCHANGE COMMISSION
                             WASHINGTON, D.C. 20549

                                    FORM 10-Q

                                   (Mark One)
          |X| QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15 (D) OF THE
                         SECURITIES EXCHANGE ACT OF 1934

                FOR THE QUARTERLY PERIOD ENDED SEPTEMBER 30, 2007

                                       OR

          |_| TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(D) OF THE
                         SECURITIES EXCHANGE ACT OF 1934

                FOR THE TRANSITION PERIOD FROM _______ TO _______

                         COMMISSION FILE NUMBER: 1-4743

                          STANDARD MOTOR PRODUCTS, INC.
                          -----------------------------
             (Exact name of registrant as specified in its charter)

         NEW YORK                                            11-1362020
         --------                                            ----------
(State or other jurisdiction of                          (I.R.S. Employer
incorporation or organization)                          Identification No.)

               37-18 NORTHERN BLVD., LONG ISLAND CITY, N.Y. 11101
               -------------------------------------------- -----
               (Address of principal executive offices) (Zip Code)


                                 (718) 392-0200
                                 --------------
              (Registrant's telephone number, including area code)

Indicate by check mark whether the registrant: (1) has filed all reports
required to be filed by Section 13 or 15(d) of the Securities Exchange Act of
1934 during the preceding 12 months (or for such shorter period that the
registrant was required to file such reports), and (2) has been subject to such
filing requirements for the past 90 days.
Yes |X|      No |_|

Indicate by check mark whether the registrant is a large accelerated filer, an
accelerated filer, or a non-accelerated filer. See definition of "accelerated
filer and large accelerated filer" in Rule 12b-2 of the Exchange Act. (Check
one):
Large Accelerated Filer |_|   Accelerated Filer |X|   Non-Accelerated Filer |_|

Indicate by check mark whether the registrant is a shell company (as defined in
Rule 12b-2 of the Exchange Act). Yes |_| No |X|

As of the close of business on October 31, 2007, there were 18,423,709
outstanding shares of the registrant's Common Stock, par value $2.00 per share.

================================================================================




                 STANDARD MOTOR PRODUCTS, INC. AND SUBSIDIARIES

                                      INDEX

                         PART I - FINANCIAL INFORMATION
                                                                        PAGE NO.
Item 1.    Consolidated Financial Statements:

           Consolidated Statements of Operations (Unaudited)
           for the Three Months and Nine Months Ended
           September 30, 2007 and 2006.........................................3

           Consolidated Balance Sheets
           as of September 30, 2007 (Unaudited) and December 31, 2006..........4

           Consolidated Statements of Cash Flows (Unaudited)
           for the Nine Months Ended September 30, 2007 and 2006...............5

           Consolidated Statements of Changes in Stockholders' Equity
           (Unaudited) for the Three Months and Nine Months Ended
           September 30, 2007..................................................6

           Notes to Consolidated Financial Statements (Unaudited)..............7

Item 2.    Management's Discussion and Analysis of Financial Condition and
           Results of Operations..............................................20

Item 3.    Quantitative and Qualitative Disclosures about Market Risk.........29

Item 4.    Controls and Procedures............................................30

                           PART II - OTHER INFORMATION

Item 1.    Legal Proceedings..................................................30

Item 2.   Unregistered Sales of Equity and Use of Proceeds....................31

Item 6.    Exhibits...........................................................31

Signatures....................................................................32

                                      -2-



PART I - FINANCIAL INFORMATION

ITEM 1.  CONSOLIDATED FINANCIAL STATEMENTS




                                      STANDARD MOTOR PRODUCTS, INC. AND SUBSIDIARIES

                                           CONSOLIDATED STATEMENTS OF OPERATIONS
                                      (In thousands, except share and per share data)

                                                                     Three Months Ended             Nine Months Ended
                                                               ----------------------------   -----------------------------
                                                                       September 30,               September 30,
                                                                   2007            2006         2007            2006
                                                                   ----            ----         ----            ----
                                                                       (Unaudited)                    (Unaudited)

                                                                                                  
Net sales ..............................................       $    206,169    $    203,755   $    622,934    $    643,005
Cost of sales ..........................................            151,527         154,423        459,728         483,736
                                                               ------------    ------------   ------------    ------------
       Gross profit ....................................             54,642          49,332        163,206         159,269
Selling, general and administrative expenses ...........             42,861          40,039        128,916         126,822
Restructuring and integration expenses .................              2,630             598          3,867             828
                                                               ------------    ------------   ------------    ------------
       Operating income ................................              9,151           8,695         30,423          31,619
Other income, net ......................................              1,864             820          2,910           1,980
Interest expense .......................................              4,605           5,118         13,941          14,826
                                                               ------------    ------------   ------------    ------------
       Earnings from continuing operations
          before taxes .................................              6,410           4,397         19,392          18,773
 Provision for income tax ..............................              1,628           1,814          6,018           8,137
                                                               ------------    ------------   ------------    ------------
       Earnings from continuing operations .............              4,782           2,583         13,374          10,636
(Loss) gain from discontinued operation,
       net of income taxes .............................             (2,148)          1,656         (2,776)            603
                                                               ------------    ------------   ------------    ------------
       Net earnings ....................................       $      2,634    $      4,239   $     10,598    $     11,239
                                                               ============    ============   ============    ============


PER SHARE DATA:
Net earnings per common share - Basic:
     Earnings from continuing operations ...............             $.0.26    $       0.14   $       0.72    $       0.58
     Discontinued operation ............................              (0.12)           0.09          (0.15)           0.03
                                                               ------------    ------------   ------------    ------------
Net earnings per common share - Basic ..................             $.0.14    $       0.23   $       0.57    $       0.61
                                                               ============    ============   ============    ============
Net earnings per common share - Diluted:
     Earnings from continuing operations ...............             $.0.26    $       0.14   $       0.72    $       0.58
     Discontinued operation ............................              (0.12)           0.09          (0.15)           0.03
                                                               ------------    ------------   ------------    ------------
Net earnings per common share - Diluted ................       $       0.14    $       0.23   $       0.57    $       0.61
                                                               ============    ============   ============    ============

Average number of common shares ........................         18,593,165      18,306,178     18,609,268      18,265,784
                                                               ============    ============   ============    ============
Average number of common shares and dilutive
     common shares .....................................         18,623,138      18,371,435     18,692,217      18,297,979
                                                               ============    ============   ============    ============


                           See accompanying notes to consolidated financial statements.



                                                           -3-






                 STANDARD MOTOR PRODUCTS, INC. AND SUBSIDIARIES
                           CONSOLIDATED BALANCE SHEETS
                 (In thousands, except share and per share data)

                                                                            September 30,  December 31,
                                                                                2007         2006
                                                                             ---------    ---------
                                                                             (Unaudited)
                                        ASSETS
CURRENT ASSETS:
                                                                                    
       Cash and cash equivalents .........................................   $  19,449    $  22,348
       Accounts receivable, less allowance for discounts and doubtful
           accounts of $10,017 and $9,465  for 2007 and 2006, respectively     234,786      183,664
       Inventories .......................................................     239,063      233,970
       Deferred income taxes .............................................      13,992       14,011
       Prepaid expenses and other current assets .........................      10,727        7,845
                                                                             ---------    ---------
           Total current assets ..........................................     518,017      461,838

Property, plant and equipment, net .......................................      76,526       80,091
Goodwill .................................................................      38,488       38,488
Other intangibles, net ...................................................      16,465       17,801
Other assets .............................................................      38,848       41,874
                                                                             ---------    ---------
           Total assets ..................................................   $ 688,344    $ 640,092
                                                                             =========    =========

                      LIABILITIES AND STOCKHOLDERS' EQUITY
CURRENT LIABILITIES:
       Notes payable .....................................................   $ 156,550    $ 139,799
       Current portion of long-term debt .................................         454          542
       Accounts payable ..................................................      60,997       53,783
       Sundry payables and accrued expenses ..............................      23,476       24,510
       Accrued customer returns ..........................................      29,904       21,705
       Restructuring accrual .............................................         673          703
       Accrued rebates ...................................................      22,503       20,769
       Payroll and commissions ...........................................      20,300       16,714
                                                                             ---------    ---------
              Total current liabilities ..................................     314,857      278,525
                                                                             ---------    ---------

Long-term debt ...........................................................      97,572       97,979
Post-retirement medical benefits and other accrued liabilities ...........      53,929       51,678
Restructuring accrual ....................................................         200          383
Accrued asbestos liabilities .............................................      22,682       20,828
                                                                             ---------    ---------
              Total liabilities ..........................................     489,240      449,393
                                                                             ---------    ---------
Commitments and contingencies
Stockholders' equity:
       Common Stock - par value $2.00 per share:
              Authorized - 30,000,000 shares; issued 20,486,036 shares ...      40,972       40,972
       Capital in excess of par value ....................................      59,158       57,429
       Retained earnings .................................................     116,110      112,481
       Accumulated other comprehensive income ............................       6,385        3,541
       Treasury stock - at cost 2,189,079 and 2,109,816 shares in
              2007 and 2006, respectively) ...............................     (23,521)     (23,724)
                                                                             ---------    ---------
                  Total stockholders' equity .............................     199,104      190,699
                                                                             ---------    ---------
                  Total liabilities and stockholders' equity .............   $ 688,344    $ 640,092
                                                                             =========    =========

                     See accompanying notes to consolidated financial statements.



                                      -4-





                 STANDARD MOTOR PRODUCTS, INC. AND SUBSIDIARIES
                      CONSOLIDATED STATEMENTS OF CASH FLOWS
                                 (In thousands)
                                                                             Nine Months Ended
                                                                                September 30,
                                                                           --------------------
                                                                             2007        2006
                                                                           --------    --------
                                                                                 (Unaudited)
CASH FLOWS FROM OPERATING ACTIVITIES:
                                                                                 
 Net earnings ..........................................................   $ 10,598    $ 11,239
 Adjustments to reconcile net earnings to net cash (used in) provided by
 operating activities:
   Depreciation and amortization .......................................     11,256      12,016
   Increase in allowance for doubtful accounts .........................      1,301         176
   Increase in inventory reserves ......................................      3,372       3,617
   (Gain) loss on disposal of property, plant and equipment ............       (646)          2
   Equity income from joint ventures ...................................       (296)       (865)
   Employee stock ownership plan allocation ............................      1,400         893
   Stock-based compensation ............................................        423         695
   Deferred income taxes ...............................................      1,439       6,931
   Loss (income) on discontinued operation, net of income tax ..........      2,776        (603)
 Change in assets and liabilities:
   Increase in accounts receivable .....................................    (52,423)    (55,554)
   (Increase) decrease in inventories ..................................     (8,465)     11,582
   Increase in prepaid expenses and other current assets ...............     (2,416)       (589)
   (Increase) decrease in other assets .................................        (23)      2,781
   Increase in accounts payable ........................................      5,790       8,193
   Increase (decrease) in sundry payables and accrued expenses .........        700      (2,768)
   Decrease in restructuring accrual ...................................       (213)       (902)
   Increase in other liabilities .......................................     13,115      12,153
                                                                           --------    --------
        Net cash (used in) provided by operating activities ............    (12,312)      8,997
                                                                           --------    --------
CASH FLOWS FROM INVESTING ACTIVITIES:
 Proceeds from the sale of property, plant and equipment ...............      4,306          14
 Capital expenditures ..................................................     (9,613)     (7,664)
                                                                           --------    --------
       Net cash used in investing activities ...........................     (5,307)     (7,650)
                                                                           --------    --------
CASH FLOWS FROM FINANCING ACTIVITIES:
 Net borrowings under line-of-credit agreements ........................     16,751       8,261
 Principal payments and retirement of long-term debt ...................       (495)       (422)
 Increase (decrease) in overdraft balances .............................      1,424      (5,314)
 Purchase of treasury stock ............................................     (4,997)       --
 Proceeds from exercise of employee stock options ......................      4,185        --
 Excess tax benefits related to the exercise of employee stock options .        454        --
 Dividends paid ........................................................     (5,043)     (4,929)
                                                                           --------    --------
       Net cash provided by (used in) financing activities .............     12,279      (2,404)
                                                                           --------    --------
Effect of exchange rate changes on cash ................................      2,441       2,030
                                                                           --------    --------
Net (decrease) increase in cash and cash equivalents ...................     (2,899)        973
CASH AND CASH EQUIVALENTS at beginning of the period ...................     22,348      14,046
                                                                           --------    --------

CASH AND CASH EQUIVALENTS at end of the period .........................   $ 19,449    $ 15,019
                                                                           ========    ========

SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION:

Cash paid during the period for:
  Interest .............................................................   $ 15,460    $ 16,169
                                                                           ========    ========
  Income taxes .........................................................   $  2,665    $  2,855
                                                                           ========    ========
Non-cash financing activity:
  Reduction of restructuring accrual applied against goodwill. .........   $   --      $ 10,453
                                                                           ========    ========



          See accompanying notes to consolidated financial statements.

                                      -5-






                                  STANDARD MOTOR PRODUCTS, INC. AND SUBSIDIARIES
                            CONSOLIDATED STATEMENTS OF CHANGES IN STOCKHOLDERS' EQUITY
                                                  (In thousands)

                                      THREE MONTHS ENDED SEPTEMBER 30, 2007
                                                   (Unaudited)
                                                                                ACCUMULATED
                                                         CAPITAL IN                OTHER
                                                COMMON    EXCESS OF    RETAINED COMPREHENSIVE TREASURY
                                                 STOCK    PAR VALUE    EARNINGS    INCOME      STOCK      TOTAL
                                               --------    --------    --------   --------   --------    --------
                                                                                     
Balance at June 30, 2007 ...................   $ 40,972    $ 59,126    $115,171   $  5,301   $(18,552)   $202,018
Comprehensive income:
    Net earnings ...........................                              2,634                             2,634
    Foreign currency translation
      adjustment ...........................                                         1,084                  1,084
    Minimum pension liability
      adjustment ...........................                                          --                     --
                                                                                                         --------
    Total comprehensive income .............                                                                3,718
Cash dividends paid ........................                             (1,695)                           (1,695)
Purchase of treasury stock .................                                                   (4,997)     (4,997)
Exercise of employee stock options .........                      2                                 8          10
Stock-based compensation ...................                     67                                20          87
 Excess tax benefits related to the exercise
   of employee stock options ...............                    (37)                                          (37)
Employee Stock Ownership Plan ..............                    --                                --           --
                                               --------    --------    --------   --------   --------    --------
Balance at September 30, 2007 ..............   $ 40,972    $ 59,158    $116,110   $  6,385   $(23,521)   $199,104
                                               ========    ========    ========   ========   ========    ========






                                       NINE MONTHS ENDED SEPTEMBER 30, 2007
                                                   (Unaudited)

                                                                                   ACCUMULATED
                                                           CAPITAL IN                 OTHER
                                                COMMON      EXCESS OF     RETAINED COMPREHENSIVE  TREASURY
                                                 STOCK      PAR VALUE     EARNINGS     INCOME      STOCK         TOTAL
                                               ---------    ---------    ---------   ---------   ---------    ---------
Balance at December 31, 2006 ...............   $  40,972    $  57,429    $ 112,481   $   3,541   $ (23,724)   $ 190,699
Comprehensive income:
    Net earnings ...........................                                10,598                               10,598
    Foreign currency translation
      adjustment ...........................                                             2,845                    2,845
      Minimum pension liability
      adjustment ...........................                                                (1)                      (1)
                                                                                                              ---------
    Total comprehensive income .............                                                                     13,442
 Impact of adopting new accounting
   pronouncement (a) .......................                                (1,926)                              (1,926)
Cash dividends paid ........................                                (5,043)                              (5,043)
Purchase of treasury stock .................                                                        (4,997)      (4,997)
Exercise of employee stock options .........                      494                                3,691        4,185
Stock-based compensation ...................                      252                                  171          423
 Excess tax benefits related to the exercise
   of employee stock options ...............                      454                                               454
Employee Stock Ownership Plan ..............                      529                                1,338        1,867
                                               ---------    ---------    ---------   ---------   ---------    ---------
Balance at September 30, 2007 ..............   $  40,972    $  59,158    $ 116,110   $   6,385   $ (23,521)   $ 199,104
                                               =========    =========    =========   =========   =========    =========


(a)  Relates to the impact of adopting the provisions of Financial Accounting Standards Board Interpretation No.
     48, Accounting for Uncertainty in Income Taxes - an Interpretation of FASB Statement No. 109 ("FIN 48").

                          See accompanying notes to consolidated financial statements.



                                                       -6-



                 STANDARD MOTOR PRODUCTS, INC. AND SUBSIDIARIES


             NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (UNAUDITED)


NOTE 1.  BASIS OF PRESENTATION

Standard Motor Products, Inc. (referred to hereinafter in these notes to
consolidated financial statements as the "Company," "we," "us," or "our") is
engaged in the manufacture and distribution of replacement parts for motor
vehicles in the automotive aftermarket industry.

The accompanying unaudited financial information should be read in conjunction
with the audited consolidated financial statements and the notes thereto
included in our Annual Report on Form 10-K for the year ended December 31, 2006.

The unaudited consolidated financial statements include our accounts and all
domestic and international companies in which we have more than a 50% equity
ownership. Our investments in unconsolidated affiliates are accounted for on the
equity method. All significant inter-company items have been eliminated.

The accompanying unaudited consolidated financial statements have been prepared
in accordance with generally accepted accounting principles for interim
financial information and with the instructions to Form 10-Q and Rule 10-01 of
Regulation S-X. Accordingly, they do not include all of the information and
footnotes required by generally accepted accounting principles for complete
financial statements. In the opinion of management, all adjustments (consisting
of normal recurring adjustments) considered necessary for a fair presentation
have been included. The results of operations for the interim periods are not
necessarily indicative of the results of operations for the entire year.

NOTE 2.  RECENTLY ISSUED ACCOUNTING PRONOUNCEMENTS

ACCOUNTING FOR UNCERTAIN TAX POSITIONS

In July 2006, the FASB issued FASB Interpretation No. 48, "Accounting for
Uncertainty in Income Taxes - an Interpretation of FASB Statement No. 109" ("FIN
48"). FIN 48 prescribes a threshold for the financial statement recognition and
measurement of a tax position taken or expected to be taken in a tax return.
Only tax positions meeting the more-likely-than-not recognition threshold at the
effective date may be recognized or continue to be recognized upon adoption of
FIN 48. FIN 48 also provides guidance on accounting for derecognition, interest
and penalties, and classification and disclosure of matters related to
uncertainty in income taxes. FIN 48 is effective for fiscal years beginning
after December 15, 2006 and, as a result, is effective for us beginning January
1, 2007.

On January 1, 2007, we adopted the provisions of FIN 48. The cumulative effect
of adoption was a $1.9 million reduction of retained earnings. At January 1,
2007, the total amount of unrecognized tax benefits was $2.3 million, all of
which would impact the effective tax rate, if recognized.

We continue the practice of recognizing interest and penalties associated with
income tax matters as components of the "provision for income taxes". Our
accrual for interest and penalties was $0.4 million upon adoption of FIN 48 and
at September 30, 2007.

We are subject to taxation in the US and various state, local and foreign
jurisdictions. We remain subject to examination by US Federal, state, local and
foreign tax authorities for tax year 2001 as well as 2003 through 2006. With a
few exceptions, we are no longer subject to US Federal, state, local or foreign
examinations by tax authorities for the tax year 2002 and for tax years prior to
2001. We do not presently anticipate that our unrecognized tax benefits will
significantly increase or decrease prior to September 30, 2008; however, actual
developments in this area could differ from those currently expected.

                                      -7-



                 STANDARD MOTOR PRODUCTS, INC. AND SUBSIDIARIES


       NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (UNAUDITED)-(CONTINUED)


FAIR VALUE MEASUREMENTS

In September 2006, the FASB issued SFAS No. 157, "Fair Value Measurements." SFAS
157 defines fair value, establishes a framework for measuring fair value in
generally accepted accounting principles, and expands disclosures about fair
value measurement. This statement applies under other accounting pronouncements
that require or permit fair value measurements and does not require any new fair
value measurements. SFAS 157 is effective for the fiscal year beginning after
November 15, 2007, which for us is the year ending December 31, 2008. We are
assessing the impact, if any, which the adoption of SFAS 157 will have on our
consolidated financial position, results of operations and cash flows.

NOTE 3.  RESTRUCTURING AND INTEGRATION COSTS

RESTRUCTURING COSTS

In connection with our acquisition of substantially all of the assets and the
assumption of substantially all of the operating liabilities of Dana
Corporation's Engine Management Group ("DEM") in June 2003, we have a
restructuring accrual of $0.9 million remaining as of September 30, 2007, and
most of this amount we expect to pay in 2007 and 2008. The restructuring accrual
relates to work force reductions, employee termination benefits and contract
termination costs. During the nine months ended September 30, 2007, termination
benefits of $0.2 million have been charged to the restructuring accrual. As of
September 30, 2007, the reserve balance for workforce reductions was at $0.3
million. The restructuring accrual also includes costs associated with exiting
certain activities, primarily related to lease and contract termination costs,
which will not have future benefits. As of September 30, 2007, we have an exit
reserve balance for other exit costs of $0.6 million.

Selected information relating to the restructuring costs included in the
allocation of the cost to acquire DEM is as follows (in thousands):

                                                   Workforce  Other Exit
                                                   Reduction    Costs    Total
                                                   -----------------------------
Restructuring liability at December 31, 2006 ...   $   472    $   614   $ 1,086
Cash payments during first nine months of 2007 .      (213)      --        (213)
                                                   -------    -------   -------
Restructuring liability as of September 30, 2007   $   259    $   614   $   873
                                                   =======    =======   =======

INTEGRATION EXPENSES

During the third quarter of 2007 and 2006, we incurred integration expenses of
approximately $2.6 million and $0.6 million, respectively. Integration expenses
incurred during the third quarter of 2007 were $1.2 million for one-time
termination benefits and $1.4 million for other exit costs. For the nine months
ended September 30, 2007 and 2006, we incurred integration expenses of $3.9
million and $0.8 million, respectively. Integration expenses incurred for the
nine months ended September 30, 2007 were $1.9 million for one-time termination
benefits and $2 million for other exit costs. The 2007 amount relates primarily
to the cost of moving and closing our Puerto Rico production operations, the
integration of operations in Mexico and the closure of our Fort Worth, Texas
production facility, while the 2006 amount relates mostly to the cost of moving
our European production operations and the divestiture of a production unit of
our Temperature Control segment.

                                      -8-



                 STANDARD MOTOR PRODUCTS, INC. AND SUBSIDIARIES


       NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (UNAUDITED)-(CONTINUED)

In October 2006, we announced plans to close our Puerto Rico manufacturing
facility related to the Engine Management Segment following the expiration of
the Internal Revenue Code Section 936 benefit and to further our efforts in
streamlining costs. These operations will be moved to other manufacturing sites.
The facility move and closure is planned to occur in a phased manner through
December 31, 2008. In connection with this closing, we will incur one-time
termination benefits to be paid to certain employees at the end of a specified
requisite service period. We estimate these termination benefits will amount to
approximately $2 million which will be recognized as expense ratably over the
requisite service period. We also expect to incur approximately $2.4 million of
various expenses to move the production assets, close the Puerto Rico facility,
and relocate some employees. These expenses will be recognized as incurred.

In July 2007, we sold our Fort Worth, Texas manufacturing facility. As a result
of the sale, we are in the process of moving operations conducted at this
facility to other manufacturing sites. In connection with these moves, we will
incur one-time termination benefits to be paid to certain employees at the end
of a specified requisite service period. We estimate these termination benefits
will amount to approximately $0.4 million, which are being recognized over the
requisite service period. In addition, we expect to incur approximately $0.5
million in various expenses to move the production assets and close the
facility. These expenses will be recognized as incurred.

Selected information relating to the closure of our Puerto Rico manufacturing
facility, integration of operations in Mexico and the closure of our Fort Worth,
Texas production facility is as follows (in thousands):




                                                   Workforce   Other Exit
                                                   Reduction    Costs       Total
                                                               
Exit activity liability at December 31, 2006 ....   $   387    $    35    $   422
Amounts expensed during first nine months of 2007     1,919      1,948      3,867
Cash payments during first nine months of 2007 ..       (90)    (1,319)    (1,409)
                                                    -------    -------    -------
Exit activity liability at September 30, 2007 ...   $ 2,216    $   664    $ 2,880
                                                    =======    =======    =======


In December 2006, we divested a majority portion of our European Temperature
Control business. The transaction involved the sale of all of our voting stock
of our subsidiaries in Italy and France. The proceeds from the divestiture were
approximately $3.1 million, and we incurred a loss on divestiture of $3.2
million. The major classes of assets and liabilities at the time of sale were as
follows: accounts receivable of $4 million, inventory of $3.9 million, accounts
payable of $1.7 million, and accrued liabilities of $0.8 million. The European
Temperature Control business was previously included in our European Segment.

NOTE 4.  SALE OF FORT WORTH FACILITY

In July 2007, we sold our Fort Worth, Texas manufacturing facility for net
proceeds of $4.2 million, with a pre-tax gain of $0.8 million. The pre-tax gain
is included in Other Income, Net in the consolidated statements of operations.
The proceeds from the sale were used to pay down debt under our revolving credit
facility.

                                      -9-




                 STANDARD MOTOR PRODUCTS, INC. AND SUBSIDIARIES


       NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (UNAUDITED)-(CONTINUED)


NOTE 5.  INVENTORIES




                                                        September 30,  December 31,
                                                             2007         2006
                                                           --------     --------
                                                              (in thousands)
                                                                  
   Finished goods, net ...............................     $164,336     $169,183
   Work in process, net ..............................        6,252        4,654
   Raw materials, net ................................       68,475       60,133
                                                           --------     --------
       Total inventories, net ........................     $239,063     $233,970
                                                           ========     ========

NOTE 6. CREDIT FACILITIES AND LONG-TERM DEBT

Total debt consists of (in thousands):

                                                       September 30,  December 31,
                                                             2007         2006
                                                           --------     --------

CURRENT
-------
Revolving credit facilities (1) ......................     $156,550     $139,799
Current portion of mortgage loan .....................          454          542
                                                           --------     --------
                                                            157,004      140,341
                                                           --------     --------
LONG-TERM DEBT
--------------
6.75% convertible subordinated debentures ............       90,000       90,000
Mortgage loan ........................................        8,026        8,416
Other ................................................         --            105
Less: current portion of long-term debt ..............          454          542
                                                           --------     --------
                                                             97,572       97,979
                                                           --------     --------

    Total debt .......................................     $254,576     $238,320
                                                           ========     ========
-------------
(1)  Consists of the revolving credit facility, the Canadian term loan and the
     European revolving credit facility.



Maturities of long-term debt during the five years ending December 31, 2007
through 2011 are $0.5 million, $0.6 million, $90.6 million, $0.6 million and
$0.7 million, respectively.

We had deferred financing costs of $2.9 million and $3 million as of December
31, 2006 and September 30, 2007, respectively. These costs related to our
revolving credit facility, the convertible subordinated debentures and a
mortgage loan agreement, and these costs are being amortized in the amount of $1
million in 2007, $0.8 million in 2008, $0.6 million in 2009, $0.4 million in
2010 and $0.7 million for the period 2011-2018.

REVOLVING CREDIT FACILITY

In March 2007, we entered into a Second Amended and Restated Credit Agreement
with General Electric Capital Corporation, as agent, and a syndicate of lenders
for a secured revolving credit facility. This restated credit agreement replaces
our prior credit facility with General Electric Capital Corporation, which prior
credit facility provided for a $305 million credit facility and which was to
expire in 2008. The restated credit agreement provides for a line of credit of
up to $275 million (inclusive of the Canadian term loan described below) and
expires in 2012. The restated credit agreement also provides a $50 million
accordion feature, which would allow us to expand the facility. Direct
borrowings under the restated credit agreement bear interest at the LIBOR rate
plus the applicable margin (as defined), or floating at the index rate plus the

                                      -10-




                 STANDARD MOTOR PRODUCTS, INC. AND SUBSIDIARIES


       NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (UNAUDITED)-(CONTINUED)


applicable margin, at our option. The interest rate may vary depending upon our
borrowing availability. The restated credit agreement is guaranteed by our same
subsidiaries and secured by our same assets as the prior $305 million credit
facility.

Borrowings under the restated credit agreement are collateralized by
substantially all of our assets, including accounts receivable, inventory and
fixed assets, and those of certain of our subsidiaries. After taking into
account outstanding borrowings under the restated credit agreement, there was an
additional $88.8 million available for us to borrow pursuant to the formula at
September 30, 2007. At December 31, 2006, the interest rate on the Company's
prior credit facility was 7.8%, and at September 30, 2007, the interest rate on
our restated credit agreement was 7.1%. Outstanding borrowings under the
restated credit agreement (inclusive of the Canadian term loan described below),
which are classified as current liabilities, were $133.3 million and $152
million at December 31, 2006 and September 30, 2007, respectively.

At any time our borrowing availability in the aggregate is less than $30 million
and until such time that we have maintained an average borrowing availability in
the aggregate of $30 million or greater for a continuous period of 90 days, the
terms of our restated credit agreement provide for, among other provisions,
financial covenants requiring us, on a consolidated basis, (1) to maintain
specified levels of fixed charge coverage at the end of each fiscal quarter
(rolling twelve months), and (2) to limit capital expenditure levels.
Availability under our restated credit agreement is based on a formula of
eligible accounts receivable, eligible inventory and eligible fixed assets. In
addition, the restated credit agreement provides that, beginning on January 15,
2008 and on a quarterly basis thereafter, an increasing amount of the Company's
borrowing availability shall be reserved for the repayment, repurchase or
redemption, as the case may be, of the aggregate outstanding amount of our
convertible debentures. Our restated credit agreement also permits dividends and
distributions by us provided specific conditions are met.

CANADIAN TERM LOAN

In March 2007, we amended our credit agreement with GE Canada Finance Holding
Company, for itself and as agent for the lenders. This credit agreement amends
our existing $7 million credit agreement which was to expire in 2008. The
amended credit agreement provides for a line of credit of up to $12 million, of
which $7 million is currently outstanding and which amount is part of the $275
million available for borrowing under our restated credit agreement with General
Electric Capital Corporation (described above). The amended credit agreement is
guaranteed and secured by us and certain of our wholly-owned subsidiaries and
expires in 2012. Direct borrowings under the amended credit agreement bear
interest at the same rate as our restated credit agreement with General Electric
Capital Corporation (described above).

REVOLVING CREDIT FACILITY--EUROPE

Our European subsidiary has a revolving credit facility which, at September 30,
2007, provides for a line of credit up to $10.2 million. The amount of
short-term bank borrowings outstanding under this facility was $6.5 million on
December 31, 2006 and $4.6 million on September 30, 2007. The weighted average
interest rate on these borrowings on December 31, 2006 and September 30, 2007
was 6.3% and 6.2%, respectively. At September 30, 2007, there was an additional
$5.6 million available for our European subsidiary to borrow.

                                      -11-



                 STANDARD MOTOR PRODUCTS, INC. AND SUBSIDIARIES


       NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (UNAUDITED)-(CONTINUED)



SUBORDINATED DEBENTURES

In July 1999, we completed a public offering of convertible subordinated
debentures amounting to $90 million. The convertible debentures carry an
interest rate of 6.75%, payable semi-annually, and will mature in July 2009. The
convertible debentures are convertible into 2,796,120 shares of our common stock
at the option of the holder. We may, at our option, redeem some or all of the
convertible debentures at any time on or after July 15, 2004, for a redemption
price equal to the issuance price plus accrued interest. In addition, if a
change in control, as defined in the agreement, occurs at the Company, we will
be required to make an offer to purchase the convertible debentures at a
purchase price equal to 101% of their aggregate principal amount, plus accrued
interest. The convertible debentures are subordinated in right of payment to all
of our existing and future senior indebtedness.

MORTGAGE LOAN AGREEMENT

In June 2003, we borrowed $10 million under a mortgage loan agreement. The loan
is payable in monthly installments. The loan bears interest at a fixed rate of
5.50% maturing in July 2018. The mortgage loan is secured by a building and
related property.

NOTE 7.  COMPREHENSIVE INCOME

Comprehensive income, net of income tax expense is as follows (in thousands):




                                                  Three Months Ended      Nine Months Ended
                                                  -------------------- ---------------------
                                                       September 30,         September 30,
                                                     2007       2006       2007        2006
                                                     ----       ----       ----        ----

                                                                       
   Net earnings as reported....................   $ 2,634    $ 4,239   $ 10,598    $ 11,239
   Foreign currency translation adjustment.....     1,084        724      2,845       2,412
   Minimum pension liability adjustment........      --          (75)        (1)       (160)
   Unrealized loss on interest rate swap
       agreements, net of tax..................       --        (110)       --         (262)
                                                  -------   --------   --------   ---------
   Total comprehensive income..................   $ 3,718    $ 4,778   $ 13,442    $ 13,229
                                                  =======   ========   ========   =========




NOTE 8.  STOCK-BASED COMPENSATION PLANS

We have five stock-based compensation plans. Under the 1994 Omnibus Stock Option
Plan, as amended, which terminated in May 2004, we were authorized to issue
options to purchase 1,500,000 shares. The options become exercisable over a
three to five year period and expire at the end of five years following the date
they become exercisable. Under the 2004 Omnibus Stock Plan, we were authorized
to issue options to purchase 500,000 shares. The options become exercisable over
a three to five year period and expire at the end of ten years following the
date of grant. Under the 1996 Independent Directors' Stock Option Plan and the
2004 Independent Directors' Stock Option Plan, we were authorized to issue
options to purchase 50,000 shares under each plan. The options become
exercisable one year after the date of grant and expire at the end of ten years
following the date of grant. Under the 2006 Omnibus Incentive Plan, we are
authorized to issue equity awards of up to 700,000 shares. Equity awards
forfeited under the previous stock option plans and incentive plan are eligible
to be granted again under the 2006 Omnibus Incentive Plan with respect to the
equity awards so forfeited.


We follow the provisions of Financial Accounting Standards Board ("FASB")
Statement of Financial Accounting Standards ("Statement") No. 123 (revised
2004), Share-Based Payment ("FAS 123R"), which requires that a company measure
the cost of employee services received in exchange for an award of equity
instruments based on the grant-date fair value of the award. That cost is
recognized in the statement of operations over the period during which an
employee is required to provide service in exchange for the award.

                                      -12-



                 STANDARD MOTOR PRODUCTS, INC. AND SUBSIDIARIES


       NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (UNAUDITED)-(CONTINUED)


On January 1, 2006, we adopted SFAS 123R using the modified prospective
transition method. Under this transition method, the financial statement amounts
for the periods before 2006 have not been restated to reflect the fair value
method of expensing the stock-based compensation. The compensation expense
recognized on or after January 1, 2006 includes the compensation cost based on
the grant-date fair value estimated in accordance with: (a) SFAS 123 for all
stock-based compensation that was granted prior to, but vested on or after,
January 1, 2006 and (b) SFAS 123R for all stock-based compensation that was
granted on or after January 1, 2006.

STOCK OPTION GRANTS

There were no stock options granted in the nine months ended September 30, 2007
and 2006. We have recognized compensation expense for prior years' grants which
vest after January 1, 2006 based on the grant-date fair value, estimated in
accordance with SFAS 123 which was used in our prior pro forma disclosure. The
expense for the nine months ended September 30, 2007 and 2006 reflects our
estimate of expected forfeitures which we determine to be immaterial, based on
history and remaining time until vesting of the remaining options.

The stock options granted prior to 2006 have been vesting gradually at annual
intervals. In our prior period SFAS 123 pro forma disclosures, our policy was to
calculate the compensation expense related to the stock-based compensation
granted to employees and directors on a straight-line basis over the full
vesting period of the grants.

The following is a summary of the changes in outstanding stock options for the
nine months ended September 30, 2007:

                                                   Weighted   Weighted Average
                                                   Average        Remaining
                                                  Exercise       Contractual
                                      Shares        Price        Term (years)
                                    -------------------------------------------
Outstanding at beginning
  of year....................        990,898        $13.61          5.1
Exercised....................        328,211        $12.75            --
Expired......................         39,999        $24.84            --
Forfeited....................         12,568        $13.71          5.4
                                     -------
Outstanding at end of
  Quarter....................        610,120        $13.34          5.2

Options exercisable at end
  of quarter.................        610,120        $13.34          5.2

At September 30, 2007, the aggregate intrinsic value of outstanding and
exercisable stock options was essentially zero. At December 31, 2006, the
aggregate intrinsic value of outstanding stock options was $1.9 million, of
which $1.4 million relates to options that were exercisable.

                                      -13-



                 STANDARD MOTOR PRODUCTS, INC. AND SUBSIDIARIES


       NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (UNAUDITED)-(CONTINUED)


The following is a summary of the changes in non-vested stock options for the
nine months ended September 30, 2007:
                                                                     WEIGHTED
                                                                   AVERAGE GRANT
                                                                     DATE FAIR
                                                     SHARES            VALUE
                                                     -------          ------
Non-vested shares at January 1,
2007...................................              129,750          $ 2.72
Forfeitures....................................        1,125          $ 2.72
Vested.........................................      128,625          $ 2.72
                                                     -------
Non-vested shares at September 30, 2007........        --
                                                     =======

Stock option-based compensation expense was $85,200 ($55,800 net of tax) and
$461,400 ($283,300 net of tax) for the nine months ended September 30, 2007 and
2006, respectively. As of September 30, 2007, we have no unrecognized
compensation cost related to stock options. Stock options to purchase 328,211
shares of common stock were exercised during the nine months ended September 30,
2007, and no stock options were exercised during the same period in 2006.

RESTRICTED AND PERFORMANCE STOCK GRANTS

Under our 2006 Omnibus Incentive Plan, the Company is authorized to issue, among
other things, shares of restricted and performance-based stock to eligible
employees and directors. Prior to the time a restricted share becomes fully
vested or a performance share is issued, the awardee cannot transfer, pledge, or
otherwise encumber such shares. Prior to the time a restricted share is fully
vested, the awardee has all other rights of a stockholder, including the right
to vote (but not receive dividends). Prior to the time a performance share is
issued, the awardee shall have no rights as a stockholder. Restricted shares
become fully vested upon the third and first anniversary of the date of grant
for employees and directors, respectively. Performance-based shares, which are
granted only to eligible employees, are subject to a three year measuring period
and the achievement of Company performance targets and, depending upon the
achievement of such performance targets, then may become vested on the third
anniversary of the date of grant. Management believes it is probable that the
performance targets associated with performance-based shares previously issued
will be achieved.

All shares and rights are subject to forfeiture if certain employment conditions
are not met. Under the plan, 700,000 shares are authorized to be issued. For the
nine months ended September 30, 2007 and 2006, 6,000 and 95,225 restricted and
performance-based shares were granted, respectively. The Company recorded
compensation expense related to restricted shares and performance-based shares
of $196,000 ($128,500 net of tax) and $98,100 ($60,200 net of tax) for the nine
months ended September 30, 2007 and 2006, respectively. The unamortized
compensation expense related to the Company's restricted and performance-based
shares was $377,200 at September 30, 2007 and is expected to be recognized as
they vest over a weighted average period of 1.8 and 0.8 years for employees and
directors, respectively. In determining the grant date fair value, we refer to
the stock price on the date of grant, as quoted on the New York Stock Exchange,
reduced by the present value of dividends expected to be paid on shares issued
and outstanding during the requisite service period, discounted at a risk-free
interest rate. The risk-free interest rate is based on the U.S. Treasury rates
at the date of grant with maturity dates approximately equal to the restriction
or vesting period at the grant date. The fair value of the shares at the date of
grant is amortized to expense ratably over the restriction period. Forfeitures
are estimated at 2% for employees and 0% for executive officers and directors,
respectively, based on evaluations of historical and expected future turnover.

                                      -14-



                 STANDARD MOTOR PRODUCTS, INC. AND SUBSIDIARIES


       NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (UNAUDITED)-(CONTINUED)


The Company's restricted and performance-based share activity was as follows for
the nine months ended September 30, 2007:

                                                            WEIGHTED
                                                          AVERAGE GRANT
                                                          DATE FAIR VALUE
                                           SHARES            PER SHARE
                                         -----------       ------------

Balance at January 1, 2007 ............    93,775              $7.21
   Granted ............................     6,000             $14.15
   Vested .............................     5,500              $7.49
   Forfeited ..........................     3,225              $7.10
                                         -----------
Balance at September 30, 2007..........     91,050             $7.66
                                         ===========

The weighted-average grant date fair value of restricted and performance based
shares granted during the nine months ended September 30, 2007 and 2006 was
$84,900 (or $14.15 per share) and $686,500 (or $7.21 per share), respectively.

NOTE 9.  EARNINGS PER SHARE

The following are reconciliations of the earnings available to common
stockholders and the shares used in calculating basic and dilutive net earnings
per common share (in thousands, except share amounts):





                                          Three Months Ended              Nine Months Ended
                                             September 30,                   September 30,
                                      ----------------------------   ----------------------------
                                         2007             2006           2007           2006
                                     ------------    ------------   ------------    ------------

                                                                         
Earnings from continuing operations   $      4,782    $      2,583   $     13,374    $     10,636
(Loss) income from discontinued
   operation ......................         (2,148)          1,656         (2,776)            603
                                      ------------    ------------   ------------    ------------
Net earnings available to
   common stockholders ............   $      2,634    $      4,239   $     10,598    $     11,239
                                      ============    ============   ============    ============

Weighted average common shares
  outstanding - basic .............     18,593,165      18,306,178     18,609,268      18,265,784
Dilutive effect of restricted stock         26,817          64,998         28,453          32,195
Dilutive effect of stock options ..          3,156             259         54,496            --
                                      ------------    ------------   ------------    ------------
Weighted average common shares ....     18,623,138      18,371,435     18,692,217      18,297,979
                                      ============    ============   ============    ============



The shares listed below were not included in the computation of diluted earnings
per share because to do so would have been anti-dilutive for the periods
presented.

                                Three Months Ended         Nine Months Ended
                                  September 30,              September 30,
                                2007        2006          2007          2006
                                ----        ----          ----          ----

 Stock options............    536,620     1,059,311      225,534      1,059,311
 Convertible debentures...  2,796,120     2,796,120    2,796,120      2,796,120

NOTE 10.  EMPLOYEE BENEFITS

In 2000, we created an employee benefits trust to which we contributed 750,000
shares of treasury stock. We are authorized to instruct the trustees to
distribute such shares toward the satisfaction of our future obligations under
employee benefit plans. The shares held in trust are not considered outstanding
for purposes of calculating earnings per share until they are committed to be
released. The trustees will vote the shares in accordance with their fiduciary
duties. During 2007, we committed 119,023 shares to be released leaving 62,977
shares remaining in the trust.

                                      -15-




                 STANDARD MOTOR PRODUCTS, INC. AND SUBSIDIARIES


       NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (UNAUDITED)-(CONTINUED)

In August 1994, we established an unfunded Supplemental Executive Retirement
Plan (SERP) for key employees. Under the plan, these employees may elect to
defer a portion of their compensation and, in addition, we may at our discretion
make contributions to the plan on behalf of the employees. In March 2007 and
2006, contributions of $83,000 and $69,000 were made related to calendar years
2006 and 2005, respectively.

In October 2001, we adopted a second unfunded SERP. The SERP is a defined
benefit plan pursuant to which we will pay supplemental pension benefits to
certain key employees upon retirement based upon the employees' years of service
and compensation. We use a January 1 measurement date for this plan.

Our UK pension plan is comprised of a defined benefit plan and a defined
contribution plan. Effective April 1, 2001, the defined benefit plan was closed
to new entrants and existing active members ceased accruing any further
benefits.

We provide certain medical and dental care benefits to eligible retired
employees. Our current policy is to fund the cost of the health care plans on a
pay-as-you-go basis. Eligibility of employees who can participate in this
program is limited to employees hired before 1996.

In December 2003, the Medicare Prescription Drug, Improvement, and Modernization
Act of 2003 (the "Medicare Reform Act") was signed into law. The Medicare Reform
Act expanded Medicare to include, for the first time, coverage for prescription
drugs. In connection with the Medicare Reform Act, the FASB issued FASB Staff
Position ("FSP") No. FAS 106-2, which provides guidance on accounting for the
effects of the new Medicare prescription drug legislation for employers whose
prescription drug benefits are actuarially equivalent to the drug benefit under
Medicare Part D and are therefore entitled to receive subsidies from the federal
government beginning in 2006. In January 2005, the Centers for Medicare and
Medicaid Services released final regulations implementing major provisions of
the Medicare Reform Act. The regulations address key concepts, such as defining
a plan, as well as the actuarial equivalence test for purposes of obtaining a
government subsidy. Pursuant to the guidance in FSP No. FAS 106-2, we have
assessed the financial impact of the regulations and concluded that our
post-retirement benefit plan will be qualified for the direct subsidies and,
consequently, our accumulated post-retirement benefit obligation decreased by
$6.1 million.

As a result of the reduced eligibility and Medicare subsidy explained above, we
are benefiting from a reduction to our post-retirement benefit costs through
negative amortization of prior service costs.





The components of net periodic benefit cost for the three months ended September
30 of our North America and UK defined benefit plans are as follows (in
thousands):
                                                  Pension        Postretirement
                                                  Benefits          Benefits
                                               --------------    --------------
                                               2007      2006      2007    2006
                                               -----    -----    -----    -----

Service cost ...............................   $  99    $  99    $ 204    $ 200
Interest cost ..............................     113      100      584      581
Amortization of prior service cost (credit)       27       28     (714)    (713)
Amortization of unrecognized loss ..........    --       --          1        1
Actuarial net (gain) loss ..................     (27)     (16)     395      480
                                               -----    -----    -----    -----
Net periodic benefit cost ..................   $ 212    $ 211    $ 470    $ 549
                                               =====    =====    =====    =====

                                      -16-



                 STANDARD MOTOR PRODUCTS, INC. AND SUBSIDIARIES


       NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (UNAUDITED)-(CONTINUED)

The components of net periodic benefit cost for the nine months ended September
30 of our North America and UK defined benefit plans are as follows (in
thousands):



                                                                    Postretirement
                                                Pension Benefits        Benefits
                                              -------------------   ------------------
                                                2007       2006       2007       2006
                                              -------    -------    -------    -------

                                                                   
Service cost ..............................   $   295    $   296    $   610    $   604
Interest cost .............................       341        301      1,666      1,536
Amortization of prior service cost (credit)        83         83     (2,140)    (2,140)
Amortization of unrecognized loss .........      --         --            3          3
Actuarial net (gain) loss .................       (83)       (48)       971      1,099
                                              -------    -------    -------    -------
Net periodic benefit cost .................   $   636    $   632    $ 1,110    $ 1,102
                                              =======    =======    =======    =======



NOTE 11.  INDUSTRY SEGMENTS

The following tables show our net sales and operating income by our operating
segments (in thousands):

                                          Three Months Ended September 30,
                               -------------------------------------------------
                                     2007                         2006
                               ----------------------    -----------------------
                                            OPERATING                  OPERATING
                                             INCOME                      INCOME
                               NET SALES     (LOSS)        NET SALES     (LOSS)
                               --------     --------      --------     --------

Engine Management ........     $130,513     $  8,334      $127,752     $  6,958
Temperature Control ......       60,124        3,288        59,917        3,986
Europe ...................       11,161          588        12,813           98
All Other ................        4,371       (3,059)        3,273       (2,347)
                               --------     --------      --------     --------
Consolidated .............     $206,169     $  9,151      $203,755     $  8,695
                               ========     ========      ========     ========

                                       Nine Months Ended September 30,
                                     2007                         2006
                               ----------------------    -----------------------
                                            OPERATING                  OPERATING
                                             INCOME                      INCOME
                               NET SALES     (LOSS)        NET SALES     (LOSS)
                               --------     --------      --------     --------

Engine Management ........     $406,039     $ 32,264      $416,462     $ 30,450
Temperature Control ......      174,262        8,914       181,289       11,585
Europe ...................       32,850        1,967        36,191          490
All Other ................        9,783      (12,722)        9,063      (10,906)
                               --------     --------      --------     --------
Consolidated .............     $622,934     $ 30,423      $643,005     $ 31,619
                               ========     ========      ========     ========

                                      -17-



                 STANDARD MOTOR PRODUCTS, INC. AND SUBSIDIARIES


       NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (UNAUDITED)-(CONTINUED)


NOTE 12.  COMMITMENTS AND CONTINGENCIES

ASBESTOS. In 1986, we acquired a brake business, which we subsequently sold in
March 1998 and which is accounted for as a discontinued operation. When we
originally acquired this brake business, we assumed future liabilities relating
to any alleged exposure to asbestos-containing products manufactured by the
seller of the acquired brake business. In accordance with the related purchase
agreement, we agreed to assume the liabilities for all new claims filed on or
after September 1, 2001. Our ultimate exposure will depend upon the number of
claims filed against us on or after September 1, 2001 and the amounts paid for
indemnity and defense thereof. At December 31, 2006 and September 30, 2007,
approximately 3,270 cases and 3,430 cases, respectively, were outstanding for
which we were responsible for any related liabilities. We expect the outstanding
cases to increase gradually due to legislation in certain states mandating
minimum medical criteria before a case can be heard. Since inception in
September 2001 through September 30, 2007, the amounts paid for settled claims
are approximately $6 million. In September 2007, we entered into an agreement
with an insurance carrier to provide us with limited insurance coverage for the
defense and indemnity costs associated with certain asbestos-related claims. We
are currently reviewing our asbestos-related claims to determine those claims
eligible for coverage under this agreement.

In evaluating our potential asbestos-related liability, we have considered
various factors including, among other things, an actuarial study performed by a
leading actuarial firm with expertise in assessing asbestos-related liabilities,
our settlement amounts and whether there are any co-defendants, the jurisdiction
in which lawsuits are filed, and the status and results of settlement
discussions. As is our accounting policy, we engage actuarial consultants with
experience in assessing asbestos-related liabilities to estimate our potential
claim liability. The methodology used to project asbestos-related liabilities
and costs in the study considered: (1) historical data available from publicly
available studies; (2) an analysis of our recent claims history to estimate
likely filing rates into the future; (3) an analysis of our currently pending
claims; and (4) an analysis of our settlements to date in order to develop
average settlement values.

The most recent actuarial study was performed as of August 31, 2007. The updated
study has estimated an undiscounted liability for settlement payments, excluding
legal costs, ranging from $23.8 million to $55.2 million for the period through
2050. As a result, in September 2007 an incremental $2.8 million provision in
our discontinued operation was added to the asbestos accrual increasing the
reserve to approximately $23.8 million. According to the updated study, legal
costs, which are expensed as incurred and are reported in loss from discontinued
operation in the accompanying statement of operations, are estimated to range
from $18.7 million to $32.6 million during the same period.

We plan to perform an annual actuarial evaluation during the third quarter of
each year for the foreseeable future. Given the uncertainties associated with
projecting such matters into the future and other factors outside our control,
we can give no assurance that additional provisions will not be required.
Management will continue to monitor the circumstances surrounding these
potential liabilities in determining whether additional provisions may be
necessary. At the present time, however, we do not believe that any additional
provisions would be reasonably likely to have a material adverse effect on our
liquidity or consolidated financial position.

ANTITRUST LITIGATION. In November 2004, we were served with a summons and
complaint in the U.S. District Court for the Southern District of New York by
The Coalition For A Level Playing Field, which is an organization comprised of a
large number of auto parts retailers. The complaint alleges antitrust violations
by the Company and a number of other auto parts manufacturers and retailers and
seeks injunctive relief and unspecified monetary damages. In August 2005, we
filed a motion to dismiss the complaint, following which the plaintiff filed an
amended complaint dropping, among other things, all claims under the Sherman

                                      -18-



                 STANDARD MOTOR PRODUCTS, INC. AND SUBSIDIARIES


       NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (UNAUDITED)-(CONTINUED)

Act. The remaining claims allege violations of the Robinson-Patman Act. Motions
to dismiss those claims were filed by us in February 2006. The plaintiff filed
opposition to our motions, and we subsequently filed replies in June 2006. Oral
arguments were originally scheduled for September 2006, however the court
adjourned these proceedings until a later date to be determined. Subsequently,
the judge initially assigned to the case recused himself, and a new judge has
been assigned before whom further preliminary proceedings have been held.
Although we cannot predict the ultimate outcome of this case or estimate the
range of any potential loss that may be incurred in the litigation, we believe
that the lawsuit is without merit, deny all of the plaintiff's allegations of
wrongdoing and believe we have meritorious defenses to the plaintiff's claims.
We intend to defend vigorously this lawsuit.

OTHER LITIGATION. We are involved in various other litigation and product
liability matters arising in the ordinary course of business. Although the final
outcome of any asbestos-related matters or any other litigation or product
liability matter cannot be determined, based on our understanding and evaluation
of the relevant facts and circumstances, it is our opinion that the final
outcome of these matters will not have a material adverse effect on our
business, financial condition or results of operations.

WARRANTIES. We generally warrant our products against certain manufacturing and
other defects. These product warranties are provided for specific periods of
time of the product depending on the nature of the product. As of September 30,
2007 and 2006, we have accrued $14.4 million and $15.1 million, respectively,
for estimated product warranty claims included in accrued customer returns. The
accrued product warranty costs are based primarily on historical experience of
actual warranty claims. Warranty expense for the three months ended September
30, 2007 and 2006 were $11.5 million and $13.7 million, respectively, and $37.9
million and $41.2 million for the nine months ended September 30, 2007 and 2006,
respectively.

The following table provides the changes in our product warranties (in
thousands):



                                             ---------------------------------------
                                             Three Months Ended    Nine Months Ended
                                                 September 30,       September 30,
                                             -------------------- ------------------
                                               2007        2006     2007      2006
                                               ----        ----     ----      ----

                                                                
Balance, beginning of period.................$ 14,715    $ 15,391 $ 11,704  $ 12,701
Liabilities accrued for current year sales...  11,472      13,674   37,870    41,211
Settlements of warranty claims............... (11,814)    (13,917) (35,201)  (38,764)
                                             --------    -------- --------  --------
Balance, end of period.......................$ 14,373    $ 15,148 $ 14,373  $ 15,148
                                             ========    ======== ========  ========




                                      -19-


ITEM 2. MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND
        RESULTS OF OPERATIONS

THIS REPORT CONTAINS FORWARD-LOOKING STATEMENTS MADE PURSUANT TO THE SAFE HARBOR
PROVISIONS OF THE PRIVATE SECURITIES LITIGATION REFORM ACT OF 1995.
FORWARD-LOOKING STATEMENTS IN THIS REPORT ARE INDICATED BY WORDS SUCH AS
"ANTICIPATES," "EXPECTS," "BELIEVES," "INTENDS," "PLANS," "ESTIMATES,"
"PROJECTS" AND SIMILAR EXPRESSIONS. THESE STATEMENTS REPRESENT OUR EXPECTATIONS
BASED ON CURRENT INFORMATION AND ASSUMPTIONS AND ARE INHERENTLY SUBJECT TO RISKS
AND UNCERTAINTIES. OUR ACTUAL RESULTS COULD DIFFER MATERIALLY FROM THOSE WHICH
ARE ANTICIPATED OR PROJECTED AS A RESULT OF CERTAIN RISKS AND UNCERTAINTIES,
INCLUDING, BUT NOT LIMITED TO, ECONOMIC AND MARKET CONDITIONS; THE PERFORMANCE
OF THE AFTERMARKET SECTOR; CHANGES IN BUSINESS RELATIONSHIPS WITH OUR CUSTOMERS
AND IN THE TIMING, SIZE AND CONTINUATION OF OUR CUSTOMERS' PROGRAMS; CHANGES IN
THE PRODUCT MIX AND DISTRIBUTION CHANNEL MIX; THE ABILITY OF OUR CUSTOMERS TO
ACHIEVE THEIR PROJECTED SALES; COMPETITIVE PRODUCT AND PRICING PRESSURES;
INCREASES IN PRODUCTION OR MATERIAL COSTS THAT CANNOT BE RECOUPED IN PRODUCT
PRICING; SUCCESSFUL INTEGRATION OF ACQUIRED BUSINESSES; PRODUCT AND
ENVIRONMENTAL LIABILITY MATTERS (INCLUDING, WITHOUT LIMITATION, THOSE RELATED TO
ASBESTOS-RELATED CONTINGENT LIABILITIES OR ENVIRONMENTAL REMEDIATION
LIABILITIES); AS WELL AS OTHER RISKS AND UNCERTAINTIES, SUCH AS THOSE DESCRIBED
UNDER RISK FACTORS, QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK
AND THOSE DETAILED HEREIN AND FROM TIME TO TIME IN THE FILINGS OF THE COMPANY
WITH THE SEC. FORWARD-LOOKING STATEMENTS ARE MADE ONLY AS OF THE DATE HEREOF,
AND THE COMPANY UNDERTAKES NO OBLIGATION TO UPDATE OR REVISE THE FORWARD-LOOKING
STATEMENTS, WHETHER AS A RESULT OF NEW INFORMATION, FUTURE EVENTS OR OTHERWISE.
IN ADDITION, HISTORICAL INFORMATION SHOULD NOT BE CONSIDERED AS AN INDICATOR OF
FUTURE PERFORMANCE. THE FOLLOWING DISCUSSION SHOULD BE READ IN CONJUNCTION WITH
THE UNAUDITED CONDENSED CONSOLIDATED FINANCIAL STATEMENTS, INCLUDING THE NOTES
THERETO, INCLUDED ELSEWHERE IN THIS REPORT.

BUSINESS OVERVIEW

We are a leading independent manufacturer and distributor of replacement parts
for motor vehicles in the automotive aftermarket industry. We are organized into
two major operating segments, each of which focuses on a specific segment of
replacement parts. Our Engine Management Segment manufactures ignition and
emission parts, on-board computers, ignition wires, battery cables and fuel
system parts. Our Temperature Control Segment manufactures and remanufactures
air conditioning compressors, and other air conditioning and heating parts. We
sell our products primarily in the United States, Canada and Latin America. We
also sell our products in Europe through our European Segment.

As part of our efforts to grow our business, as well as to achieve increased
production and distribution efficiencies, in June 2003 we acquired substantially
all of the assets and assumed substantially all of the operating liabilities of
Dana Corporation's Engine Management Group ("DEM") for $130.5 million. In
connection with our acquisition of DEM, we have a restructuring accrual of $0.9
million as of September 30, 2007, and most of this amount we expect to pay in
2007 and 2008.

SEASONALITY. Historically, our operating results have fluctuated by quarter,
with the greatest sales occurring in the second and third quarters of the year
and revenues generally being recognized at the time of shipment. It is in these
quarters that demand for our products is typically the highest, specifically in
the Temperature Control Segment of our business. In addition to this
seasonality, the demand for our Temperature Control products during the second
and third quarters of the year may vary significantly with the summer weather
and customer inventories. For example, a cool summer may lessen the demand for
our Temperature Control products, while a hot summer may increase such demand.
As a result of this seasonality and variability in demand of our Temperature
Control products, our working capital requirements usually peak near the end of
the second quarter, as the inventory build-up of air conditioning products is
converted to sales and payments on the receivables associated with such sales
have yet to be received. During this period, our working capital requirements
are typically funded by borrowing from our revolving credit facility.

                                      -20-


The seasonality of our business offers significant operational challenges in our
manufacturing and distribution functions. To limit these challenges and to
provide a rapid turnaround time of customer orders, we have traditionally
offered a pre-season selling program, known as our "Spring Promotion," in which
customers are offered longer payment terms.

INVENTORY MANAGEMENT. We face inventory management issues as a result of
warranty and overstock returns. Many of our products carry a warranty ranging
from a 90-day limited warranty to a lifetime limited warranty, which generally
covers defects in materials or workmanship and failure to meet industry
published specifications. In addition to warranty returns, we also permit our
customers to return products to us within customer-specific limits (which are
generally limited to a specified percentage of their annual purchases from us)
in the event that they have overstocked their inventories. We accrue for
overstock returns as a percentage of sales, after giving consideration to recent
returns history. In addition, the seasonality of our Temperature Control Segment
requires that we increase our inventory during the winter season in preparation
of the summer selling season and customers purchasing such inventory have the
right to make returns.

In order to better control warranty and overstock return levels, we tightened
the rules for authorized warranty returns, placed further restrictions on the
amounts customers can return and instituted a program so that our management can
better estimate potential future product returns. In addition, with respect to
our air conditioning compressors, our most significant customer product warranty
returns, we established procedures whereby a warranty will be voided if a
customer does not provide acceptable proof that complete AC system repair was
performed.

DISCOUNTS, ALLOWANCES AND INCENTIVES. In connection with our sales activities,
we offer a variety of usual customer discounts, allowances and incentives.
First, we offer cash discounts for paying invoices in accordance with the
specified discounted terms of the invoice. Second, we offer pricing discounts
based on volume and different product lines purchased from us. These discounts
are principally in the form of "off-invoice" discounts and are immediately
deducted from sales at the time of sale. For those customers that choose to
receive a payment on a quarterly basis instead of "off-invoice," we accrue for
such payments as the related sales are made and reduce sales accordingly.
Finally, rebates and discounts are provided to customers as advertising and
sales force allowances, and allowances for warranty and overstock returns are
also provided. Management analyzes historical returns, current economic trends,
and changes in customer demand when evaluating the adequacy of the sales returns
and other allowances. Significant management judgments and estimates must be
made and used in connection with establishing the sales returns and other
allowances in any accounting period. We account for these discounts and
allowances as a reduction to revenues, and record them when sales are recorded.

INTERIM RESULTS OF OPERATIONS

COMPARISON OF THREE MONTHS ENDED SEPTEMBER 30, 2007 TO THE THREE MONTHS ENDED
SEPTEMBER 30, 2006

SALES. Consolidated net sales for the three months ended September 30, 2007 were
$206.2 million, an increase of $2.4 million, or 1.2%, compared to $203.8 million
in the same period of 2006, mainly due to net sales increases in our Engine
Management Segment of $2.8 million or 2.2%, and an increase in Other Segments of
$1.1 million driven mainly by the strengthening Canadian dollar, partially
offset by a $1.7 million decrease in our European Segment. Net sales for the
three months ended September 30, 2006 included $3.3 million related to the
European Temperature Control business that was divested in December 2006.
Excluding this divested business, Europe sales increased $1.7 million, or 13.1%.

GROSS MARGINS. Gross margins, as a percentage of consolidated net sales,
increased to 26.5% in the third quarter of 2007 compared to 24.2% in the third
quarter of 2006 mainly due to margin improvements in our Engine Management and
European Segments of 4 percentage points and 2.2 percentage points,
respectively, partially offset by a 2.1 percentage point decrease in the
Temperature Control margin. In the third quarter of 2007, the margins in Engine

                                      -21-



Management and Europe benefited mainly from continued improvements in
procurement and manufacturing costs. The Europe margin also benefited from the
divestiture of its Temperature Control business in 2006 which carried lower
margins. The Temperature Control margin was primarily affected by selective
price decreases to match offshore price competition.

SELLING, GENERAL AND ADMINISTRATIVE EXPENSES. Selling, general and
administrative expenses (SG&A) increased $2.9 million to $42.9 million, or 20.8%
of consolidated net sales, for the third quarter of 2007, as compared to $40
million, or 19.7% of consolidated net sales, in the same period in 2006. The
increase was due to higher marketing expenses, a higher bad debt provision on
certain accounts receivable, and higher general and administrative expenses due
to increased professional fees.

RESTRUCTURING EXPENSES. Restructuring expenses, which include restructuring and
integration expenses, increased to $2.6 million in the third quarter of 2007,
compared to $0.6 million in the third quarter of 2006. The 2007 expenses related
mostly to charges made for the closure of our Puerto Rico production operations,
the integration of operations in Mexico and the closure of our Fort Worth, Texas
production facility. The 2006 expenses related mostly to severance costs related
to the move of our European production operations and the divestiture of a
production unit of our Temperature Control Segment.

OPERATING INCOME. Operating income was $9.2 million in the third quarter of
2007, compared to $8.7 million in the third quarter of 2006. The increase of
$0.5 million was primarily due to higher sales and improved margins in our
Engine Management Segment, partially offset by lower margins in our Temperature
Control Segment, as well as higher SG&A expenses.

OTHER INCOME, NET. Other income, net increased $1 million in the third quarter
2007 compared to the same period in 2006, primarily due to a $0.8 million gain
on the sale of the Fort Worth, Texas manufacturing facility.

INTEREST EXPENSE. Interest expense decreased by $0.5 million in the third
quarter 2007 compared to the same period in 2006 mainly due to lower borrowing
costs and lower average borrowings during the period.

INCOME TAX PROVISION. The income tax provision was $1.6 million in the third
quarter of 2007 and $1.8 million in the third quarter of 2006. The decrease of
$0.2 million on higher earnings before taxes was primarily due to a lower
effective tax rate for the third quarter for 2007, which was 25% compared to 41%
in the third quarter of 2006. The estimated tax rate for 2007 is benefiting from
pre-tax income in Europe and a capital gain on the disposal of our Fort Worth,
Texas property, where previously unrecognized losses carried forward are
offsetting taxes otherwise payable.

LOSS FROM DISCONTINUED OPERATION. Loss from discontinued operation, net of
income tax, reflects legal expenses associated with our asbestos-related
liability and adjustments thereto based on the information contained in the
August 2007 actuarial study and all other available information considered by
us. We recorded $2.1 million as a loss and $1.7 million as income from
discontinued operation for the third quarter of 2007 and 2006, respectively. The
loss for the third quarter of 2007 reflects a $2.8 million pre-tax adjustment to
increase our indemnity liability in line with the August 2007 actuarial study,
as well as legal fees incurred in litigation, whereas the income for the same
period of 2006 reflects a $3.4 million pre-tax adjustment to reduce our
indemnity liability in line with the August 2006 actuarial study, partially
offset by legal fees incurred in litigation in the third quarter of 2006. As
discussed more fully in Note 12 in the notes to our consolidated financial
statements, we are responsible for certain future liabilities relating to
alleged exposure to asbestos containing products.


                                      -22-



COMPARISON OF NINE MONTHS ENDED SEPTEMBER 30, 2007 TO THE NINE MONTHS ENDED
SEPTEMBER 30, 2006

SALES. Consolidated net sales for the nine months ended September 30, 2007 were
$622.9 million, a decrease of $20.1 million, or 3.1%, compared to $643 million
in the same period in 2006, driven by decreases in our Engine Management,
Temperature Control and European Segments of $10.4 million, $7 million and $3.3
million, respectively. The decrease in Engine Management sales was mainly due to
the expiration of an Original Equipment contract at the end of 2006. The
decrease in Temperature Control sales was primarily due to lower pricing, volume
erosion to low cost foreign imports, and lower customer demand for air
conditioning compressors due to an unusually cool and damp summer. Net sales for
the nine months ended September 30, 2006 included $11.4 million related to the
European Temperature Control business that was divested in December 2006.
Excluding this divested business, Europe sales increased $8.1 million.

GROSS MARGINS. Gross margins, as a percentage of consolidated net sales,
increased to 26.2% for the nine months ended September 30, 2007 compared to
24.8% in the same period in 2006 mainly due to margin improvements in our Engine
Management and European Segments of 2.5 percentage points and 2.7 percentage
points, respectively, partially offset by a 1.9 percentage point decrease in our
Temperature Control margin. For the nine months ended September 30, 2007, the
margins in Engine Management and Europe benefited mainly from continued
improvements in procurement and manufacturing costs. The Europe margin also
benefited from the divestiture of its Temperature Control business which carried
lower margins. The decrease in Temperature Control margin was primarily affected
by selective price decreases to match offshore price competition.

SELLING, GENERAL AND ADMINISTRATIVE EXPENSES. Selling, general and
administrative expenses (SG&A) increased by $2.1 million to $128.9 million , or
20.7% of consolidated net sales, for the nine months ended September 30, 2007,
as compared to $126.8 million, or 19.7% of consolidated net sales, in the same
period in 2006. The increase was due to a higher bad debt provision on certain
accounts receivable, and higher general and administrative expenses due to
increased professional fees, partially offset by a reduction in selling and
distribution expenses.

RESTRUCTURING EXPENSES. Restructuring expenses, which include restructuring and
integration expenses, increased to $3.9 million for the nine months ended
September 30, 2007, compared to $0.8 million in the same period in 2006. The
2007 expense related mostly to charges made for the closure of our Puerto Rico
production operations, the integration of operations in Mexico, and the closure
of our Fort Worth, Texas production facility. The restructuring expense for the
same period in 2006 related mostly to severance costs related to the move of our
European production operations and the divestiture of a production unit of our
Temperature Control unit.

OPERATING INCOME. Operating income was $30.4 million for the nine months ended
September 30, 2007, compared to $31.6 million in the same period in 2006. The
decrease of $1.2 million was due to lower consolidated net sales, as well as
higher SG&A and restructuring expenses, partially offset by improved gross
margins.

OTHER INCOME, NET. Other income, net was $2.9 million for the nine months ended
September 30, 2007, which was $0.9 million higher than the same period in 2006,
primarily due to a $0.8 million gain on the sale of the Fort Worth, Texas
manufacturing facility.

INTEREST EXPENSE. Interest expense decreased by $0.9 million for the nine months
ended September 30, 2007 compared to the same period in 2006 mainly due to lower
borrowing costs and lower average borrowings during the period.

INCOME TAX PROVISION. The income tax provision was $6 million for the nine
months ended September 30, 2007 compared to $8.1 million for the same period in
2006. The $2.1 million decrease was primarily due to a lower effective rate for
the nine months ended September 30, 2007, which was 31% compared to 43% in the
same period in 2006. The 2006 rate was higher due to the adverse impact of
discrete items attributable to changes in state tax rates, while the 2007
estimated tax rate is benefiting from pre-tax income in Europe where previously
unrecognized losses carried forward are offsetting taxes otherwise payable.

                                      -23-




LOSS FROM DISCONTINUED OPERATION. Loss from discontinued operation, net of
income tax, reflects legal expenses associated with our asbestos-related
liability and adjustments thereto based on the information contained in the
August 2007 actuarial study and all other available information considered by
us. We recorded $2.8 million as a loss and $0.6 million as income from
discontinued operation for the nine months ended September 30, 2007 and 2006,
respectively. The loss for the nine months ended September 30, 2007 reflects a
$2.8 million pre-tax adjustment to increase our indemnity liability in line with
the August 2007 actuarial study, as well as legal fees incurred in litigation,
whereas the income for the same period of 2006 reflects a $3.4 million pre-tax
adjustment to reduce our indemnity liability in line with the August 2006
actuarial study, partially offset by legal fees incurred in litigation in the
third quarter of 2006. As discussed more fully in Note 12 in the notes to our
consolidated financial statements, we are responsible for certain future
liabilities relating to alleged exposure to asbestos containing products.

LIQUIDITY AND CAPITAL RESOURCES

OPERATING ACTIVITIES. During the first nine months of 2007, cash used in
operations amounted to $12.3 million, compared to cash provided by operations of
$9 million in the same period of 2006. The $21.3 million decrease in operating
cash flow is primarily attributable to an increase in inventories in order to
bridge our requirements while we proceed with our facility integration efforts.

INVESTING ACTIVITIES. Cash used in investing activities was $5.3 million in the
first nine months of 2007, compared to $7.7 million in the same period of 2006.
The decrease was primarily due to $4.2 million in net proceeds on the sale of
the Fort Worth, Texas manufacturing facility, partially offset by higher capital
expenditures.

FINANCING ACTIVITIES. Cash provided by financing activities was $12.3 million in
the first nine months of 2007, compared to cash used in financing activities of
$2.4 million in the same period of 2006. The increase is primarily due to higher
borrowings, an increase in cash overdrafts, and proceeds received from the
exercise of employee stock options, partially offset by a $5 million purchase of
treasury stock, essentially completing our share buyback program.

In March 2007, we entered into a Second Amended and Restated Credit Agreement
with General Electric Capital Corporation, as agent, and a syndicate of lenders
for a secured revolving credit facility. This restated credit agreement replaces
our prior credit facility with General Electric Capital Corporation, which prior
credit facility provided for a $305 million credit facility and which was to
expire in 2008. The restated credit agreement provides for a line of credit of
up to $275 million (inclusive of the Canadian term loan described below) and
expires in 2012. The restated credit agreement also provides a $50 million
accordion feature, which would allow us to expand the facility. Direct
borrowings under the restated credit agreement bear interest at the LIBOR rate
plus the applicable margin (as defined), or floating at the index rate plus the
applicable margin, at our option. The interest rate may vary depending upon our
borrowing availability. The restated credit agreement is guaranteed by our same
subsidiaries and secured by our same assets as the prior $305 million credit
facility.

Borrowings under the restated credit agreement are collateralized by
substantially all of our assets, including accounts receivable, inventory and
fixed assets, and those of certain of our subsidiaries. After taking into
account outstanding borrowings under the restated credit agreement, there was an
additional $88.8 million available for us to borrow pursuant to the formula at
September 30, 2007. At December 31, 2006, the interest rate on the Company's
prior credit facility was 7.8%, and at September 30, 2007, the interest rate on
our restated credit agreement was 7.1%. Outstanding borrowings under the
restated credit agreement (inclusive of the Canadian term loan described below),
which are classified as current liabilities, were $133.3 million and $152
million at December 31, 2006 and September 30, 2007, respectively.

At any time our borrowing availability in the aggregate is less than $30 million
and until such time that we have maintained an average borrowing availability in
the aggregate of $30 million or greater for a continuous period of 90 days, the
terms of our restated credit agreement provide for, among other provisions,
financial covenants requiring us, on a consolidated basis, (1) to maintain
specified levels of fixed charge coverage at the end of each fiscal quarter

                                      -24-


(rolling twelve months), and (2) to limit capital expenditure levels.
Availability under our restated credit agreement is based on a formula of
eligible accounts receivable, eligible inventory and eligible fixed assets. In
addition, the restated credit agreement provides that, beginning on January 15,
2008 and on a quarterly basis thereafter, an increasing amount of the Company's
borrowing availability shall be reserved for the repayment, repurchase or
redemption, as the case may be, of the aggregate outstanding amount of our
convertible debentures. Our restated credit agreement also permits dividends and
distributions by us provided specific conditions are met.

Our profitability and working capital requirements are seasonal due to the sales
mix of temperature control products. Our working capital requirements usually
peak near the end of the second quarter, as the inventory build-up of air
conditioning products is converted to sales and payments on the receivables
associated with such sales begin to be received. These increased working capital
requirements are funded by borrowings from our lines of credit. We anticipate
that our present sources of funds will continue to be adequate to meet our near
term needs.

In March 2007, we amended our credit agreement with GE Canada Finance Holding
Company, for itself and as agent for the lenders. This credit agreement amends
our existing $7 million credit agreement which was to expire in 2008. The
amended credit agreement provides for a line of credit of up to $12 million, of
which $7 million is currently outstanding and which amount is part of the $275
million available for borrowing under our restated credit agreement with General
Electric Capital Corporation (described above). The amended credit agreement is
guaranteed and secured by us and certain of our wholly-owned subsidiaries and
expires in 2012. Direct borrowings under the amended credit agreement bear
interest at the same rate as our restated credit agreement with General Electric
Capital Corporation (described above).

Our European subsidiary has a revolving credit facility which, at September 30,
2007, provides for a line of credit up to $10.2 million. The amount of
short-term bank borrowings outstanding under this facility was $6.5 million on
December 31, 2006 and $4.6 million on September 30, 2007. The weighted average
interest rate on these borrowings on December 31, 2006 and September 30, 2007
was 6.3% and 6.2%, respectively. At September 30, 2007, there was an additional
$5.6 million available for our European subsidiary to borrow.

In June 2003, we borrowed $10 million under a mortgage loan agreement. The loan
is payable in equal monthly installments. The loan bears interest at a fixed
rate of 5.50% maturing in July 2018. The mortgage loan is secured by the related
building and property.

In October 2003, we entered into an interest rate swap agreement with a notional
amount of $25 million that matured in October 2006. Under this agreement, we
received a floating rate based on the LIBOR interest rate, and paid a fixed rate
of 2.45% on the notional amount of $25 million. We have not entered into a new
swap agreement to replace this agreement.

In July 1999, we issued convertible debentures, payable semi-annually, in the
aggregate principal amount of $90 million. The debentures carry an interest rate
of 6.75%, payable semi-annually. The debentures are convertible into 2,796,120
shares of our common stock, and mature on July 15, 2009.

In August 2007, our Board of Directors authorized a $3.3 million increase in our
stock repurchase program. The program is in addition to our existing program
authorizing $1.7 million of stock repurchases. During the third quarter and nine
months ended September 30, 2007, we repurchased 541,750 shares of our common
stock, essentially completing the entire $5 million repurchase program. No
shares of our common stock were repurchased in the comparable 2006 periods.


                                      -25-




The following is a summary of our contractual commitments as of December 31,
2006.





(IN THOUSANDS)                    2007       2008       2009       2010       2011    2012-2016    TOTAL
                                --------   --------   --------   --------   --------   --------   --------
                                                                            
Principal payments of long
    term debt ...............   $    542   $    570   $ 90,586   $    620   $    655   $  5,548   $ 98,521
Operating leases ............      6,657      5,614      4,446      2,059      1,913      8,582     29,271
Postretirement
    benefits ................      1,095      1,549      1,669      1,800      1,912     12,203     20,228
Severance payments related
    to integration ..........         89        383       --         --         --         --          472
                                --------   --------   --------   --------   --------   --------   --------
          Total commitments..   $  8,383   $  8,116   $ 96,701   $  4,479   $  4,480   $ 26,333   $148,492
                                ========   ========   ========   ========   ========   ========   ========



CRITICAL ACCOUNTING POLICIES

We have identified the policies below as critical to our business operations and
the understanding of our results of operations. The impact and any associated
risks related to these policies on our business operations is discussed
throughout "Management's Discussion and Analysis of Financial Condition and
Results of Operations," where such policies affect our reported and expected
financial results. For a detailed discussion on the application of these and
other accounting policies, see note 1 of the notes to our consolidated financial
statements in our Annual Report on Form 10-K for the year ended December 31,
2006. You should be aware that preparation of our consolidated quarterly
financial statements in this Report requires us to make estimates and
assumptions that affect the reported amount of assets and liabilities,
disclosure of contingent assets and liabilities at the date of our consolidated
financial statements, and the reported amounts of revenue and expenses during
the reporting periods. We can give no assurance that actual results will not
differ from those estimates.

REVENUE RECOGNITION. We derive our revenue primarily from sales of replacement
parts for motor vehicles from both our Engine Management and Temperature Control
Segments. We recognize revenues when products are shipped and title has been
transferred to a customer, the sales price is fixed and determinable, and
collection is reasonably assured. For some of our sales of remanufactured
products, we also charge our customers a deposit for the return of a used core
component which we can use in our future remanufacturing activities. Such
deposit is not recognized as revenue but rather carried as a core liability. The
liability is extinguished when a core is eventually returned to us. We estimate
and record provisions for cash discounts, quantity rebates, sales returns and
warranties in the period the sale is recorded, based upon our prior experience
and current trends. As described below, significant management judgments and
estimates must be made and used in estimating sales returns and allowances
relating to revenue recognized in any accounting period.

INVENTORY VALUATION. Inventories are valued at the lower of cost or market. Cost
is generally determined on the first-in, first-out basis. Where appropriate,
standard cost systems are utilized for purposes of determining cost; the
standards are adjusted as necessary to ensure they approximate actual costs.
Estimates of lower of cost or market value of inventory are determined at the
reporting unit level and are based upon the inventory at that location taken as
a whole. These estimates are based upon current economic conditions, historical
sales quantities and patterns and, in some cases, the specific risk of loss on
specifically identified inventories.

We also evaluate inventories on a regular basis to identify inventory on hand
that may be obsolete or in excess of current and future projected market demand.
For inventory deemed to be obsolete, we provide a reserve on the full value of
the inventory. Inventory that is in excess of current and projected use is
reduced by an allowance to a level that approximates our estimate of future
demand.

We utilize cores (used parts) in our remanufacturing processes for air
conditioning compressors. The production of air conditioning compressors
involves the rebuilding of used cores, which we acquire generally either in
outright purchases or from returns pursuant to an exchange program with
customers. Under such exchange programs, we reduce our inventory, through a
charge to cost of sales, when we sell a finished good compressor, and put back
to inventory at standard cost through a credit to cost of sales the used core
exchanged at the time it is eventually received from the customer.

                                      -26-



SALES RETURNS AND OTHER ALLOWANCES AND ALLOWANCE FOR DOUBTFUL ACCOUNTS.
Management must make estimates of potential future product returns related to
current period product revenue. Management analyzes historical returns, current
economic trends, and changes in customer demand when evaluating the adequacy of
the sales returns and other allowances. Significant management judgments and
estimates must be made and used in connection with establishing the sales
returns and other allowances in any accounting period. At September 30, 2007,
the allowance for sales returns was $29.9 million. Similarly, management must
make estimates of the uncollectability of our accounts receivable. Management
specifically analyzes accounts receivable and historical bad debts, customer
concentrations, customer credit-worthiness, current economic trends and changes
in our customer payment terms when evaluating the adequacy of the allowance for
doubtful accounts. At September 30, 2007, the allowance for doubtful accounts
and for discounts was $10 million.

NEW CUSTOMER ACQUISITION COSTS. New customer acquisition costs refer to
arrangements pursuant to which we incur change-over costs to induce a new
customer to switch from a competitor's brand. In addition, change-over costs
include the costs related to removing the new customer's inventory and replacing
it with Standard Motor Products inventory commonly referred to as a stocklift.
New customer acquisition costs are recorded as a reduction to revenue when
incurred.

ACCOUNTING FOR INCOME TAXES. As part of the process of preparing our
consolidated financial statements, we are required to estimate our income taxes
in each of the jurisdictions in which we operate. This process involves
estimating our actual current tax expense together with assessing temporary
differences resulting from differing treatment of items for tax and accounting
purposes. These differences result in deferred tax assets and liabilities, which
are included within our consolidated balance sheet. We must then assess the
likelihood that our deferred tax assets will be recovered from future taxable
income, and to the extent we believe that it is more likely than not that the
deferred tax assets will not be recovered, we must establish a valuation
allowance. To the extent we establish a valuation allowance or increase or
decrease this allowance in a period, we must include an expense or recovery,
respectively, within the tax provision in the statement of operations.

Significant management judgment is required in determining the adequacy of our
provision for income taxes, our deferred tax assets and liabilities and any
valuation allowance recorded against our net deferred tax assets. At September
30, 2007, we had a valuation allowance of $27 million, due to uncertainties
related to our ability to utilize some of our deferred tax assets. The
assessment of the adequacy of our valuation allowance is based on our estimates
of taxable income by jurisdiction in which we operate and the period over which
our deferred tax assets will be recoverable.

In the event that actual results differ from these estimates, or we adjust these
estimates in future periods for current trends or expected changes in our
estimating assumptions, we may need to modify the level of valuation allowance
which could materially impact our business, financial condition and results of
operations.

VALUATION OF LONG-LIVED AND INTANGIBLE ASSETS AND GOODWILL. We assess the
impairment of identifiable intangibles and long-lived assets whenever events or
changes in circumstances indicate that the carrying value may not be
recoverable. Factors we consider important, which could trigger an impairment
review, include the following: (a) significant underperformance relative to
expected historical or projected future operating results; (b) significant
changes in the manner of our use of the acquired assets or the strategy for our
overall business; and (c) significant negative industry or economic trends. With
respect to goodwill, if necessary, we test for potential impairment in the
fourth quarter of each year as part of our annual budgeting process. We review
the fair values of each of our reporting units using the discounted cash flows
method and market multiples.

                                      -27-




In the event our planning assumptions were modified resulting in impairment to
our assets, we would be required to include an expense in our statement of
operations, which could materially impact our business, financial condition and
results of operations.

RETIREMENT AND POST-RETIREMENT MEDICAL BENEFITS. Each year, we calculate the
costs of providing retiree benefits under the provisions of SFAS 87, Employers'
Accounting for Pensions, and SFAS 106, Employers' Accounting for Post-retirement
Benefits Other than Pensions. The key assumptions used in making these
calculations are the eligibility criteria of participants, the discount rate
used to value the future obligation, expected return on plan assets and health
care cost trend rates. We select discount rates commensurate with current market
interest rates on high-quality, fixed-rate debt securities. The expected return
on assets is based on our current review of the long-term returns on assets held
by the plans, which is influenced by historical averages. The medical cost trend
rate is based on our actual medical claims and future projections of medical
cost trends. Under FSP No. FAS 106-2, "Accounting and Disclosure Requirements
Related to the Medicare Prescription Drug, Improvement and Modernization Act of
2003," the Company has concluded that its post-retirement plan is actuarially
equivalent to the Medicare Part D benefit and accordingly recognizes subsidies
from the federal government in the measurement of the accumulated
post-retirement benefit obligation under SFAS 106, "Employers' Accounting for
Post-Retirement Benefits Other Than Pensions".

ASBESTOS RESERVE. We are responsible for certain future liabilities relating to
alleged exposure to asbestos-containing products. In accordance with our
accounting policy, our most recent actuarial study as of August 31, 2007
estimated an undiscounted liability for settlement payments, excluding legal
costs, ranging from $23.8 million to $55.2 million for the period through 2050.
As a result, in September 2007 an incremental $2.8 million provision in our
discontinued operation was added to the asbestos accrual increasing the reserve
to approximately $23.8 million. Based on the information contained in the
actuarial study and all other available information considered by us, we
concluded that no amount within the range of settlement payments was more likely
than any other and, therefore, recorded the low end of the range as the
liability associated with future settlement payments through 2050 in our
consolidated financial statements, in accordance with generally accepted
accounting principles. In addition, according to the updated study, legal costs,
which are expensed as incurred and are reported in loss from discontinued
operation in the accompanying statement of operations, are estimated to range
from $18.7 million to $32.6 million during the same period. We plan to perform
an annual actuarial analysis during the third quarter of each year for the
foreseeable future. Based on this analysis and all other available information,
we will continue to reassess the recorded liability and, if deemed necessary,
record an adjustment to the reserve, which will be reflected as a loss or gain
from discontinued operation.

OTHER LOSS RESERVES. We have numerous other loss exposures, such as
environmental claims, product liability and litigation. Establishing loss
reserves for these matters requires the use of estimates and judgment of risk
exposure and ultimate liability. We estimate losses using consistent and
appropriate methods; however, changes to our assumptions could materially affect
our recorded liabilities for loss.

RECENTLY ISSUED ACCOUNTING PRONOUNCEMENTS.

ACCOUNTING FOR UNCERTAIN TAX POSITIONS

In July 2006, the FASB issued FASB Interpretation No. 48, "Accounting for
Uncertainty in Income Taxes - an Interpretation of FASB Statement No. 109" ("FIN
48"). FIN 48 prescribes a threshold for the financial statement recognition and
measurement of a tax position taken or expected to be taken in a tax return.
Only tax positions meeting the more-likely-than-not recognition threshold at the
effective date may be recognized or continue to be recognized upon adoption of
FIN 48. FIN 48 also provides guidance on accounting for derecognition, interest
and penalties, and classification and disclosure of matters related to
uncertainty in income taxes. FIN 48 is effective for fiscal years beginning
after December 15, 2006 and, as a result, is effective for us beginning January
1, 2007.

                                      -28-



On January 1, 2007, we adopted the provisions of FIN 48. The cumulative effect
of adoption was a $1.9 million reduction of retained earnings. At January 1,
2007, the total amount of unrecognized tax benefits was $2.3 million, all of
which would impact the effective tax rate, if recognized.

We continue the practice of recognizing interest and penalties associated with
income tax matters as components of the "provision for income taxes". Our
accrual for interest and penalties was $0.4 million upon adoption of FIN 48 and
at September 30, 2007.

We are subject to taxation in the US and various state, local and foreign
jurisdictions. We remain subject to examination by US Federal, state, local and
foreign tax authorities for tax year 2001 as well as 2003 through 2006. With a
few exceptions, we are no longer subject to US Federal, state, local or foreign
examinations by tax authorities for the tax year 2002 and for tax years prior to
2001. We do not presently anticipate that our unrecognized tax benefits will
significantly increase or decrease prior to September 30, 2008; however, actual
developments in this area could differ from those currently expected.

FAIR VALUE MEASUREMENTS

In September 2006, the FASB issued SFAS No. 157, "Fair Value Measurements." SFAS
157 defines fair value, establishes a framework for measuring fair value in
generally accepted accounting principles, and expands disclosures about fair
value measurement. This statement applies under other accounting pronouncements
that require or permit fair value measurements and does not require any new fair
value measurements. SFAS 157 is effective for the fiscal year beginning after
November 15, 2007, which for us is the year ending December 31, 2008. We are
assessing the impact, if any, which the adoption of SFAS 157 will have on our
consolidated financial position, results of operations and cash flows.

ITEM 3.  QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK

We are exposed to market risk, primarily related to foreign currency exchange
and interest rates. These exposures are actively monitored by management. Our
exposure to foreign exchange rate risk is due to certain costs, revenues and
borrowings being denominated in currencies other than one of our subsidiary's
functional currency. Similarly, we are exposed to market risk as the result of
changes in interest rates, which may affect the cost of our financing. It is our
policy and practice to use derivative financial instruments only to the extent
necessary to manage exposures. We do not hold or issue derivative financial
instruments for trading or speculative purposes.

We have exchange rate exposure, primarily, with respect to the Canadian dollar,
the British pound, the Euro, the Japanese yen and the Hong Kong dollar. As of
December 31, 2006 and September 30, 2007, our monetary assets and liabilities
which are subject to this exposure are immaterial, therefore the potential
immediate loss to us that would result from a hypothetical 10% change in foreign
currency exchange rates would not be expected to have a material impact on our
earnings or cash flows. This sensitivity analysis assumes an unfavorable 10%
fluctuation in both of the exchange rates affecting both of the foreign
currencies in which the indebtedness and the financial instruments described
above are denominated and does not take into account the offsetting effect of
such a change on our foreign-currency denominated revenues.

We manage our exposure to interest rate risk through the proportion of fixed
rate debt and variable rate debt in our debt portfolio. To manage a portion of
our exposure to interest rate changes, we have in the past entered into interest
rate swap agreements. We invest our excess cash in highly liquid short-term
investments. Our percentage of variable rate debt to total debt was 58.7% at
December 31, 2006 and 61.5% at September 30, 2007.

                                      -29-



Other than the aforementioned, there have been no significant changes to the
information presented in Item 7A (Market Risk) of our Annual Report on Form 10-K
for the year ended December 31, 2006.

ITEM 4.  CONTROLS AND PROCEDURES

(a)  EVALUATION OF DISCLOSURE CONTROLS AND PROCEDURES.

We maintain disclosure controls and procedures that are designed to ensure that
information required to be disclosed in reports we file or submit under the
Exchange Act is recorded, processed, summarized and reported within the time
periods specified in the SEC's rules and forms, and that such information is
accumulated and communicated to our management, including our Chief Executive
Officer and Chief Financial Officer, as appropriate, to allow timely decisions
regarding required disclosure.

Under the supervision and with the participation of our management, including
our Chief Executive Officer and Chief Financial Officer, we conducted an
evaluation of our disclosure controls and procedures, as such term is defined
under Rule 13a-15(e) and Rule 15d-15(e) promulgated under the Exchange Act, as
of the end of the period covered by this Report. Based upon that evaluation, our
Chief Executive Officer and Chief Financial Officer concluded that our
disclosure controls and procedures were effective as of the end of the period
covered by this Report.

(b)  CHANGES IN INTERNAL CONTROL OVER FINANCIAL REPORTING.

During the quarter ended September 30, 2007, we have not made any changes in the
Company's internal control over financial reporting that have materially
affected, or are reasonably likely to materially affect, the Company's internal
control over financial reporting. We continue to review, document and test our
internal control over financial reporting, and may from time to time make
changes aimed at enhancing their effectiveness and to ensure that our systems
evolve with our business. These efforts will lead to various changes in our
internal control over financial reporting.

PART II - OTHER INFORMATION

ITEM 1.  LEGAL PROCEEDINGS

In 1986, we acquired a brake business, which we subsequently sold in March 1998
and which is accounted for as a discontinued operation. When we originally
acquired this brake business, we assumed future liabilities relating to any
alleged exposure to asbestos-containing products manufactured by the seller of
the acquired brake business. In accordance with the related purchase agreement,
we agreed to assume the liabilities for all new claims filed on or after
September 1, 2001. Our ultimate exposure will depend upon the number of claims
filed against us on or after September 1, 2001 and the amounts paid for
indemnity and defense thereof. At December 31, 2006 and September 30, 2007
approximately 3,270 cases and 3,430 cases, respectively, were outstanding for
which we were responsible for any related liabilities. We expect the outstanding
cases to increase gradually due to legislation in certain states mandating
minimum medical criteria before a case can be heard. Since inception in
September 2001 through September 30, 2007, the amounts paid for settled claims
are approximately $6 million. In September 2007, we entered into an agreement
with an insurance carrier to provide us with limited insurance coverage for the
defense and indemnity costs associated with certain asbestos-related claims. We
are currently reviewing our asbestos-related claims to determine those claims
eligible for coverage under this agreement.

In November 2004, we were served with a summons and complaint in the U.S.
District Court for the Southern District of New York by The Coalition For A
Level Playing Field, which is an organization comprised of a large number of
auto parts retailers. The complaint alleges antitrust violations by the Company
and a number of other auto parts manufacturers and retailers and seeks
injunctive relief and unspecified monetary damages. In August 2005, we filed a
motion to dismiss the complaint, following which the plaintiff filed an amended
complaint dropping, among other things, all claims under the Sherman Act. The
remaining claims allege violations of the Robinson-Patman Act. Motions to
dismiss those claims were filed by us in February 2006. The plaintiff filed
opposition to our motions, and we subsequently filed replies in June 2006. Oral
arguments were originally scheduled for September 2006, however the court

                                      -30-


adjourned these proceedings until a later date to be determined. Subsequently,
the judge initially assigned to the case recused himself, and a new judge has
been assigned before whom further preliminary proceedings have been held.
Although we cannot predict the ultimate outcome of this case or estimate the
range of any potential loss that may be incurred in the litigation, we believe
that the lawsuit is without merit, deny all of the plaintiff's allegations of
wrongdoing and believe we have meritorious defenses to the plaintiff's claims.
We intend to defend vigorously this lawsuit.

We are involved in various other litigation and product liability matters
arising in the ordinary course of business. Although the final outcome of any
asbestos-related matters or any other litigation or product liability matter
cannot be determined, based on our understanding and evaluation of the relevant
facts and circumstances, it is our opinion that the final outcome of these
matters will not have a material adverse effect on our business, financial
condition or results of operations.

ITEM 2.  UNREGISTERED SALES OF EQUITY SECURITIES AND USE OF PROCEEDS

       The following table provides information relating to the Company's
purchases of its common stock for the third quarter of 2007.




                                                                          MAXIMUM NUMBER
                                                          TOTAL NUMBER   (OR APPROXIMATE
                                                           OF SHARES      DOLLAR VALUE)
                                                            PURCHASED      OF SHARES
                                                           AS PART OF   THAT MAY YET BE
                            TOTAL NUMBER      AVERAGE       PUBLICLY    PURCHASED UNDER
                              OF SHARES     PRICE PAID   ANNOUNCED PLANS    THE PLANS
     PERIOD                 PURCHASED (1)   PER SHARE    OR PROGRAMS (2)  OR PROGRAMS
-----------------------------------------------------------------------------------------

                                                              
July 1-31, 2007........         --            --               --             --

August 1-31, 2007......       541,750       $ 9.22         541,750            -- (2)

September 1-30, 2007...         --            --               --             --

         Total.........       541,750       $ 9.22         541,750            -- (2)

(1)  All shares were purchased through the publicly announced stock repurchase
     programs in open-market transactions.

(2)  On May 18, 2000, our Board authorized the repurchase of up to $2.2 million
     shares of our common stock, of which amount only $1.7 million remained
     outstanding at December 31, 2000. On August 16, 2007, our Board of
     Directors authorized a $3.3 million increase in our stock repurchase
     program. At September 30, 2007, only approximately $141 remained available
     for future stock repurchases, which essentially completed our stock
     repurchase program. We do not anticipate engaging in any future stock
     repurchase transactions for this remaining amount.



ITEM 6.   EXHIBITS

31.1    Certification of Chief Executive Officer pursuant to Section 302 of the
        Sarbanes-Oxley Act of 2002.
31.2    Certification of Chief Financial Officer pursuant to Section 302 of the
        Sarbanes-Oxley Act of 2002.
32.1    Certification of Chief Executive Officer furnished pursuant to Section
        906 of the Sarbanes-Oxley Act of 2002.
32.2    Certification of Chief Financial Officer furnished pursuant to Section
        906 of the Sarbanes-Oxley Act of 2002.




                                      -31-


                                   SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the
Registrant has duly caused this report to be signed on its behalf by the
undersigned, thereunto duly authorized.


                                                   STANDARD MOTOR PRODUCTS, INC.
                                                            (Registrant)




Date: November 8, 2007                               /S/ JAMES J. BURKE
                                                     ------------------
                                                     James J. Burke
                                                     Vice President Finance,
                                                     Chief Financial Officer
                                                     (Principal Financial and
                                                     Accounting Officer)



                                                    /S/ LUC GREGOIRE
                                                    ----------------
                                                    Luc Gregoire
                                                    Corporate Controller and
                                                    Chief Accounting Officer


                                      -32-





                          STANDARD MOTOR PRODUCTS, INC.

                                  EXHIBIT INDEX

EXHIBIT
NUMBER
------


31.1    Certification of Chief Executive Officer pursuant to Section 302 of the
        Sarbanes-Oxley Act of 2002.
31.2    Certification of Chief Financial Officer pursuant to Section 302 of the
        Sarbanes-Oxley Act of 2002.
32.1    Certification of Chief Executive Officer furnished pursuant to Section
        906 of the Sarbanes-Oxley Act of 2002.
32.2    Certification of Chief Financial Officer furnished pursuant to Section
        906 of the Sarbanes-Oxley Act of 2002.


                                      -33-