Major Automotive Companies Reports Nine Month Results

LONG ISLAND CITY, NY - Jan 30, 2006: The Major Automotive Companies, Inc. (Other OTC:MAJR.PK - News) today reported its results for the first nine months of 2005.

Revenues for the first nine months of the year ended September 30, 2005 increased to $366,756,150 from $292,912,584 for the comparable 2004 period. Gross profits for the first nine months of 2005 increased to $60,418,913 from $47,096,844 for the corresponding 2004 period. Net income for the nine months ended September 30, 2005 was $3,487,634, or $.38 per diluted share, versus $1,647,191, or $.17 per diluted share, for the nine months ended September 30, 2004. The average number of shares used in the computation in the 2005 period was 9,235,497, compared with 9,494,217 shares in the corresponding prior period.

For the quarter ended September 30, 2005, revenues were $130,471,213 compared with $104,117,742 for the quarter ended September 30, 2004. Gross profits for the current quarter were $21,384,255 compared with $15,993,280 for the second quarter in 2004. Net income was $1,155,595, or $0.13 per diluted share, for the quarter ended September 30, 2005 versus net income of $591,953, or $0.06 per diluted share, for the comparable quarter in the prior year. The average number of shares used in the computations was 9,244,708 and 9,505,551 in the 2005 and 2004 quarters, respectively.

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.