A research for application of LDSMC(Low Density Sheet Molding Compound) composite is in progress for lightening the weight. This paper has performed fatigue test and simulation of external panel for Korean commercial vehicle. Before the fatigue test, static test was carried out. From the test, the structural safety was investigated using Goodman diagram. After the static test performance, the fatigue test was conducted at a range of load frequency 5Hz, a stress ratio(R) of 0.05 and an endurance limit of $10^6$ to obtain the S-N curve. The S-N curve is applied to the fatigue analysis of the external panel assembly. The result of FEM analysis was in accord with the experimental result within 83% confidence. It showed that the process to set up the safety range of allowable error is required in process of the design and simulation verification.