Major Automotive Companies Inc. (MJRC/MJRC.PK) Wrap Up:

The Major Automotive Companies, Inc. sells new and used vehicles through the Major Dealer Group, a consolidator of automobile dealerships in the New York metropolitan area. As of December 31, 2004, the company owned and operated five retail automobile franchises in Long Island City and Hempstead, New York, and in Orange, New Jersey. The company primarily sells cars, sport utility vehicles, minivans, and light trucks. It also provides related leasing and financing services, as well as sells replacement parts and provides vehicle repair and maintenance services. The company, formerly known as Fidelity Holdings, Inc., was incorporated in 1995 and is based in Long Island City, New York.