Cragar Industries, Inc.

Ticker:	CRGR
Exchange:	NASDAQ-Small Cap Market
Industry:	Manufacturing

Type of Shares:	Common Shares	Filing Date:	10/4/96
U.S. Shares:	850,000	Offer Date:	12/18/96
Non-U.S. Shares:	0	Filing Price:	$6.00
Primary Shares:	850,000	Offer Price:	$6.00
Secondary Shares:	0	Gross Spread:	$0.60
Offering Amount:	$5,100,000	Selling:	$0.30
Expenses:	-	Reallowance:	$0.05
Shares Out After:	2,290,305

Manager	Tier	Phone
Dickinson & Co.	Lead Manager	(515) 247-8100
RAS Securities Corp	Co-manager	(212) 635-9874

	Audited Income	Latest Unaudited Income	Prior Unaudited Income		Balance Sheet
	12/31/95	6/30/96	6/30/95		6/30/96
Revenue:	$22.94	$12.53	$13.79	Assets:	$15.65
Net Income:	-$0.69	$0.48	$0.26	Liabilities:	$11.52
EPS:	-$0.60	$0.41	$0.22	Equity:	$4.13
Note: Dollar amounts are in U.S. millions; Audited figures expressed as full year, unaudited figures are partial year

Business Description

CRAGAR Industries, Inc. is a leading developer, assembler, and distributer of high quality custom vehicle wheels and wheel accessories. The company possesses one of the most widely recognized and positively regarded brand names in the automotive industry. CRAGAR's products utilize unique technology and styling which enhance the individual appearance and/or performance of cars, trucks and vans. CRAGAR's wheel products are sold in the automotive aftermarket through a national distribution network of value-added resellers, including major tire and automotive performance warehouse distributors, large tire and automotive performance retailers, and mail order houses.

Use of Proceeds

The proceeds from the proposed offering will be used for repayment of debt and other general corporate purposes including but not limited to marketing, product development and enhancement, facility improvement and new ventures.

Last updated: 12/29/96