The Major Automotive Companies Announces Compliance With Nasdaq Rules for Continued Listing

LONG ISLAND CITY, N.Y.--March 10, 2004--The Major Automotive Companies, Inc. (Nasdaq SC: MAJR - news) today announced that the Company has received a notification from Nasdaq of its compliance with Nasdaq Marketplace Rules 4310(c)(4) relating to minimum bid price per share ($1.00), as well as compliance with all other requirements for continued listing on The Nasdaq SmallCap Market.

Accordingly, the Company's Common Stock will continue to be listed on The Nasdaq SmallCap Market.

The Major Automotive Companies, Inc. is a holding company for the Major Automotive Group, a leading consolidator of automotive dealerships in the New York Metropolitan area.

For additional information, visit the Company's website at http://www.majorworld.com/.

The information contained in this press release, including any "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, contained herein, should be reviewed in conjunction with the Company's annual report on Form 10-K and other publicly available information regarding the Company, copies of which are available from the Company upon request. Such publicly available information sets forth many risks and uncertainties related to the Company's business and such statements, including risks and uncertainties related to that are unpredictable and outside of the influence and/or control of the Company.