=================================================================
                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 quarter ended September 30, 1995     

                             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 0-13601 

                     DURAKON INDUSTRIES, INC.

      Incorporated under the       IRS Employer ID No.:
      laws of Michigan                38-2492342

                       2101 N. Lapeer Road
                     Lapeer, Michigan  48446

                         (810) 664-0850

     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 the number of shares outstanding of each of the
issuer's classes of common stock, as of the latest practicable
date:

     Common Stock, without par value; as of October 31, 1995: 
6,520,292



=================================================================
<PAGE>

                    DURAKON INDUSTRIES, INC.
                            INDEX

                                                           PAGE
                                                          NUMBER
                                                                  
          

PART I    Financial Information                             

          Condensed consolidated balance sheets - 
          September 30, 1995 and December 31, 1994.         3-4

          Condensed consolidated statements of 
          operations - three and nine months ended 
          September 30, 1995 and 1994.                       5

          Condensed consolidated statements of cash 
          flows - nine months ended September 30, 1995 
          and 1994.                                          6

          Notes to condensed consolidated financial 
          statements.                                        7

          Management's discussion and analysis of 
          financial condition and results of operations.    8-11

PART II   Other Information.

          Item 6(b) Exhibits and Reports on Form 8-K.        12

          Signatures                                         13

<PAGE>


<TABLE>
                  DURAKON INDUSTRIES, INC.                
           CONDENSED CONSOLIDATED BALANCE SHEETS   
                        (UNAUDITED)                            
                                  
<CAPTION>
                                September 30,      December 31,
($ in Thousands)                    1995               1994

             ASSETS                 
<S>                                   <C>               <C>
Current assets:                             
 Cash and equivalents               $13,644           $13,143
 Accounts receivable, less           
 allowances of $534 and $474         17,104            15,203

Inventories:                              
 Raw materials and work in process    6,328             5,908
 Finished goods                       7,225             7,885
 Total inventories                   13,553            13,793
                                                   
Prepaid expenses and other            1,371             1,542
Deferred income taxes                 1,513             1,426
                                                 
Total current assets                 47,185            45,107
                                                   
Property, plant and equipment, net   18,237            15,607
Goodwill                             14,557            15,078
Patents, net                            790             1,122
Other assets                            118               143
                            
                                    $80,887           $77,057

The accompanying notes are an integral part of the condensed
consolidated financial statements.
</TABLE>
<PAGE>
<TABLE>
                 DURAKON INDUSTRIES, INC.                
        CONDENSED CONSOLIDATED BALANCE SHEETS   
                      (UNAUDITED)                            

<CAPTION>
                                September 30,      December 31,
($ in Thousands)                    1995               1994
                                                   
                               
LIABILITIES AND SHAREHOLDERS' EQUITY  
<S>                                 <C>               <C>
Current liabilities:                        
 Current maturities of              
 long-term debt                     $1,694            $1,767
 Accounts payable                   10,106            10,756
 Other current liabilities           5,756             7,045
                                                   
Total current liabilities           17,556            19,568

Long-term debt                       1,772             2,641
Deferred income taxes                  397               330
Minority interest                      110               281
                                                   
Shareholders' equity:                       

Preferred stock, $1 par value - 
100,000 shares authorized; none 
issued                                  --                --

Common stock, without par value - 
15,000,000 shares authorized; 
6,520,292 shares issued and          
outstanding                         21,506            21,506

Currency translation                  (345)             (295)
Retained earnings                   39,891            33,026
                                                   
Total shareholders' equity          61,052            54,237

                                   $80,887           $77,057

The accompanying notes are an integral part of the condensed
consolidated financial statements.
</TABLE>

<PAGE>
<TABLE>
                  DURAKON INDUSTRIES, INC.   
      CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS     
                      (UNAUDITED)       
<CAPTION>
($ in Thousands, except per
 share amounts)

                          Nine months ended    Three months ended 
                            September 30,         September 30,   
                           1995       1994     1995        1994

<S>                     <C>        <C>        <C>        <C>
Net sales               $129,307   $105,183   $42,596    $38,693
Cost of products sold     98,865     74,042    34,385     27,544
Gross profit              30,442     31,141     8,211     11,149

Selling, general and                                              
administrative expenses   19,681     16,353     6,754      5,652
        
Operating income          10,761     14,788     1,457      5,497

Interest income              584        475       181        144
Interest expense            (308)      (118)     (115)       (70)
Other income (expense),
 net                        (373)       (41)       (3)       (60)

Income before income
 taxes                    10,664     15,104     1,520      5,511

Provision for income 
 taxes                     3,799      5,879       595      2,031

Net income                $6,865     $9,225      $925     $3,480

Net income per share of
 common stock              $1.03      $1.39     $0.14      $0.52
   
Weighted average shares
 (in 000's)                6,690      6,643     6,686      6,665
       
The accompanying notes are an integral part of the condensed
consolidated financial statements.
</TABLE>
<PAGE>
<TABLE>
                     DURAKON INDUSTRIES, INC.                     
         CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS          
          NINE MONTHS ENDED SEPTEMBER 30, 1995 AND 1994           
                           (UNAUDITED)                            
               
($ in Thousands)                                                  
                                          1995         1994
<S>                                      <C>         <C>
Cash flows from operating activities:                             
Net income                               $6,865      $9,225
Adjustment to reconcile net income 
to net cash provided by operating 
activities:                                     
Depreciation and amortization             3,296       2,647
Gain on sale of property, plant 
and equipment                                (9)        (69)
Net decrease (increase) of intangible 
and other assets                            (17)        104
Increase (decrease) in deferred 
income taxes                                (20)       (671)
Increase (decrease) due to changes in 
current items:                    
Accounts receivable                      (1,886)     (3,520)
Inventories                                 240      (3,510)
Prepaid expenses and other current assets   171       1,779
Accounts payable                           (658)      2,951
Accrued expenses and other current 
liabilities                              (1,281)        843
Net cash provided by operating activities 6,701       9,779
Cash flows from investing activities:                             
Purchases of property, plant and 
equipment                                (5,263)     (2,097)
Purchase of Benton Plastics, Inc. and 
G.C. Concepts, Inc.                          --     (14,631)
Proceeds from note receivable                --         836
Proceeds from retirement of property, 
plant and equipment                          24          80
Net cash used in investing activities    (5,239)    (15,812)
Cash flows from financing activities:                             
Repayment of long-term debt              (1,118)     (2,841)
Borrowings of long-term debt                176       1,841
(Increase)/decrease in minority 
interest, net                              (171)        280
Cash proceeds from exercise of stock 
options                                      --          41
Net cash used in financing activities    (1,113)       (679)
Effect of exchange rate changes on cash     152         (48)
Cash and cash equivalents:                                        
Increase (decrease) for the period          501      (6,760)
Balance, beginning of period             13,143      17,041
Balance, end of period                  $13,644     $10,281
                                                              
The accompanying notes are an integral part of the condensed
consolidated financial statements.
</TABLE>
<PAGE>
                    DURAKON INDUSTRIES, INC.
      NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS

Note 1

     The unaudited condensed consolidated financial statements
and notes should be read in conjunction with the annual
consolidated financial statements and notes thereto.  Results of
operations for interim periods should not be considered as
indicative of results to be expected for a full year.
     In the opinion of management, the accompanying unaudited
condensed consolidated financial statements contain all
adjustments (consisting only of normal recurring accruals)
necessary to present fairly the Company's financial position as
of September 30, 1995, and the results of operations and cash
flows for the three and nine month periods ended September 30,
1995 and 1994.

Note 2

     The Company is contingently liable under the terms of
agreements covering certain of its customers' financing
arrangements.  The agreements provide for the repurchase of
products sold to customers in the event of default by the
customer to the financing company.  The contingent liability
under these agreements was approximately $6.2 million at
September 30, 1995.

Note 3

     The provision for income taxes reflects effective tax rates
of 39% and 36% for the quarter and nine months ended September
30, 1995, respectively.  The 1994 effective tax rates were 37%
and 39% for the quarter and nine months ended September 30, 1994,
respectively.  The 1995 tax rates were higher than the statutory
federal income tax rate of 35% due to provision for state income
taxes.  The year-to-date rate was lower than the quarterly rate
due to the settlement of an income tax dispute in the second
quarter.

                            
<PAGE>
                    DURAKON INDUSTRIES, INC.
                  MANAGEMENT'S DISCUSSION AND
   ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS
        
     The following is management's discussion and analysis of
certain factors which have affected the Company's financial
position and operating results during the periods included in the
accompanying condensed consolidated financial statements.

Results of Operations

     Net sales increased by $3,903,000 or 10% for the three
months ended September 30, 1995 and by $24,124,000 or 23% for the
nine months ended September 30, 1995 over the corresponding
periods in 1994.

<TABLE>
($ in 000's)          Three Months Ended       Nine Months Ended 
                         September 30             September 30    
<CAPTION>
                               % Increase                  %
                  1995    1994 (Decrease)   1995   1994  Increase 
<S>          <C>        <C>      <C>      <C>      <C>      <C>
Net sales                 
Pickup access.  $19,810 $20,913  (  5%)   $63,803  $54,858  16% 
Vehicle trans.   22,786  17,780    28%     65,504   50,325  30% 
Total          $42,596 $38,693     10%   $129,307 $105,183  23%

     Net sales in the pickup truck accessories segment decreased
$1,103,000 or 5% in the third quarter 1995 compared to the
corresponding period in 1994.  Total unit volume was 2% below the
third quarter of 1994.  Unit volume through domestic aftermarket
channels was 1% below the third quarter of 1994.  Without the
addition of Benton Plastics in 1994, domestic aftermarket unit
volume was down 17% in the quarter.  An aggressive pricing
strategy was implemented in the third quarter of 1995 with the
objective of capturing additional domestic market share. 
International unit volume was strong except in Mexico, where
volume was below the 1994 third quarter due to a continuing weak
economy.  Average net prices were down in most channels from
the third quarter 1994 due to increased OE programs directed to
the aftermarket.
     For the nine months ended September 30, 1995, net sales in
the pickup truck accessories segment  increased  $8,945,000 or
16%,  with unit volume up 26%, compared to the same period in
1994.  Net sales and unit volumes would have both decreased 10%
without the volume from Benton Plastics.  International unit
volume was 56% above 1994 levels in the nine month period ended
September 30, 1995.  Average prices were down in most channels
due to continuing price pressures in the industry.
<PAGE>
     Net sales in the vehicle transportation segment increased by
$5,006,000 or 28% in the third quarter and by $15,179,000 or 30%
for the first nine months of 1995 compared to the respective
periods in 1994.  Unit volume of rollback car carriers was up 17%
in the quarter and 25% year-to-date.  Wheel lift unit sales were
below comparative periods for last year due to the withdrawal of
a previously offered wheelgrid feature.  Net sales increased at a
rate higher than unit volume in both the quarter and year-to-date
due to higher net selling prices and a larger percentage of truck
chassis sales.
     For the third quarter of 1995, the consolidated gross margin
percentage was 19% compared to 29% for the same period last year. 
The gross margin was 24% for the nine months ended September 30,
1995 versus 30% for the nine months ended September 30, 1994. The
pickup truck accessories segment margins were fourteen percentage
points lower in the quarter and eight percentage points lower in
the nine month period ended September 30, 1995 as compared to the
same periods in 1994.  The pickup truck accessories margins were
lower in the third quarter and for the nine month period due to
lower average selling prices, increased cost of raw materials, a
change to prepaid customer freight, higher spending for process
and product engineering, lower utilization of plant capacity, and
higher sales from Benton at lower margins.   
     The market price of HDPE (high density polyethylene), the
raw material from which the Company's bedliners are manufactured,
has been decreasing in recent months.  While the current
direction of resin costs appears to be favorable, there can be no
assurance that the industry will not experience future cost
increases, or that such cost increases will not adversely effect
the Company.  
     The vehicle transportation segment experienced lower margins
in the quarter due to significantly increased sales of lower
margin truck chassis as well as reduced margins on sales of
rollback car carriers due to product mix.  The vehicle transportation
segment experienced lower margins in the nine months ended
September 30, 1995 primarily due to increased sales of lower
margin truck chassis.
     Selling, general and administrative expenses increased
$1,102,000 or 20% in the third quarter and $3,328,000 or 20%
year-to-date compared to the same periods in 1994.  As a percent
of net sales, spending for the third quarter was 1% higher than
1994 and even with 1994 on a year-to-date basis.  In the quarter,
spending was $655,000 higher in the vehicle transportation
segment for legal costs, the write-down of a patent license
agreement and increased commissions on higher sales.  Spending
was also $447,000 higher in the quarter in the pickup truck
accessories segment to improve customer service in the
company-owned distribution centers, increased advertising, and
expenditures to upgrade information systems.  Year-to-date,
spending was $2,035,000 higher in the pickup truck accessories
segment primarily due to the inclusion of Benton and ZZ Wheelz,
which were acquired in the third quarter of 1994.  In addition,
there was higher spending to improve the operations of the
company-owned distribution centers.  Year-to-date spending was
$1,293,000 higher in the vehicle transportation segment due to
increased legal costs resulting from a patent dispute, ongoing
product liability litigation, the write-down of a patent, and
costs for new product development.
     For the third quarter of 1995, interest income was $181,000
compared to $144,000 for the third quarter  of 1994.  For the
nine months ended September 30, 1995, interest income was 
$584,000 compared to $475,000 for the same period in 1994,
reflecting higher cash balances.  Interest expense was $115,000
in the third quarter 1995 compared to $70,000 in the same period
in 1994.  Year-to-date, interest expense was $308,000 compared to
$118,000 in the first nine months of 1994, reflecting new debt
acquired in late 1994.
     Net other expense for the third quarter was $3,000 compared
to $60,000 in the third quarter of 1994.  Year-to-date net other
expense was $373,000 in 1995 compared to $41,000 in 1994.
Year-to-date 1995 reflects the impact of the devaluation of the
Mexican pesos and subsequent translation losses.
     The provision for income taxes reflected effective tax rates
of 39% and 36% for the quarter and nine months ended September
30, 1995, respectively, compared to 37% and 39% for the same
periods in 1994.  The effective rates were higher than the
statutory federal income tax rate of 35% due to the provision for
state income taxes.  Additionally, the rate for the nine months
ended September 30, 1995 includes the settlement of an income tax
dispute in the second quarter.
<PAGE>
LIQUIDITY AND CAPITAL RESOURCES
     Year-to-date September 1995, cash provided by operating
activities totaled $6.7 million, $3.1 million below the first
nine months of 1994.  The Company has a $20 million unsecured
revolving credit agreement with Comerica Bank which expires June
30, 1997.  Letters of credit totaling $2,200,000 reduced the
available borrowing capacity to $17,800,000 at September 30,
1995.

                   PART II - OTHER INFORMATION
Item 6 (b) - Exhibits and reports on form 8-K

                                                   Sequentially   
                                                     Numbered
Exhibit #          Description                         Page    

Exhibit 11   Calculation of earnings per share for 
             the nine and three months ended 
             September 30, 1995 and 1994.              14-15     

<PAGE>
                          SIGNATURES

Pursuant to the requirement to the Security Exchange Act of 1934,
the registrant has duly caused this report to be signed on its
behalf by the undersigned thereunto duly authorized.

 
                                    Durakon Industries, Inc.
                                    (Registrant)



Date: November 15, 1995                   /s/Thomas A. Galas      
                                    Thomas A. Galas, Senior V.P.
                                    Finance and Administration,
                                    Chief Financial Officer
                                    (Principal Financial Officer)



</TABLE>