In the present work a rigid-plastic finite element formulation using dynamic explicit time integration scheme is proposed for numerical analysis of auto-body panel stamping processes. The rigid-plastic finite element method based on membrane elements has long been employed as a useful numerical technique for the analysis of sheet metal forming because of its time effectiveness. A damping scheme is proposed in order to achieve a stable solution procedure in dynamic sheet forming problems. In order to improve the drawbacks of the conventional membrane elements, BEAM(abbreviated from Bending Energy Augmented Membrane) elements are employed. Rotational damping and spring about the drilling direction are introduced to prevent a zero energy mode. The lumping scheme is employed for the diagonal mass matrix and linearizing dynamic formulation. A contact scheme is developed by combining the skew boundary condition and the direct trial-and-error method. Computations are carried out for analysis of complicated auto-body panel stamping processes such as forming of an oilpan, a fuel tank and a front fender. The numerical results of explicit analysis are compared with the implicit results with good agreements and it is shown that the explicit scheme requires much shorter computational time, especially when the problem becomes more complicated. It is thus shown that the proposed dynamic explicit rigid-plastic finite element method enables an effective computation for complicated autobody panel stamping processes.