






                                  UNITED STATES

                       SECURITIES AND EXCHANGE COMMISSION

                             WASHINGTONWashington, D.C. 20549


                                    FORM 8-K

                                 CURRENTCurrent REPORTReport

                                            Pursuant to Section 13 or 15(d) of the
                                                the Securities Exchange Act of 1934

                                                          May 24, 2005
                Date of Report: September 7, 2004
                        (Date of Earliestearliest Eventevent Reportedreported)


                      THE MAJOR AUTOMOTIVE COMPANIES, INC.
             (Exact name of Registrantregistrant as specified in its charter)


                         Nevada                                          000-29182                              11-3292094
         ------------            ---------------            --------------
       (State or other jurisdiction of                 (Commission File Number)                 (I.R.S.IRS Employer
       jurisdiction incorporationof             File or organizationNumber)                                         Identification No.)
        incorporation)


              43-40 NORTHERNNorthern BOULEVARDBoulevard, LONGLong ISLANDIsland CITYCity, NY 11101
               (Address of principal executive offices) (Zip Code)


             (Registrant's telephone number, including area code): (718) 937-3700

                                       N/A
              -----------------------------------------------------
          (Former name or former address, if changed since last report)

Check the appropriate box below if the Form 8-K filing is intended to
simultaneously satisfy the filing obligation of the registrant under any of the
following provisions:

[ ] Written communications pursuant to Rule 425 under the Securities Act (17
    (17 CFR 230.425)

[ ] Soliciting material pursuant to Rule 14a-12 under the Exchange Act 
    (17 CFR
     240.14a-12)

[ ] Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange
    Act (17 CFR 240.14d-2(b))

[ ] Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange
    Act (17 CFR 240.13e-4(c))




ITEM
Item 2.06 - Material Impairments.

See disclosure provided in Item 8.01 below.

Item OTHER8.01 EVENTS- Other Information.

         OnThe SeptemberMajor 7,Automotive 2004Companies, Inc. (the proposal"Company") letterwas datedunable Juneto 9,file 2004,its
contemplatingQuarterly aReport transactionon pursuantForm to10-Q whichfor anthe entityfiscal toquarter beended formedMarch 31, 2005 with
the Securities and Exchange Commission (the "SEC") by Brucethe extension due date of
BendellMay 23, the2005.

On Company'sMay Chairman17, President2005, Chiefthe ExecutiveCompany Officerfiled andfor Actinga 5-day extension with the SEC. At such
Chieftime, Financialthe OfficerCompany and its auditors were still evaluating, wouldamong beother mergedthings,
the intoamount of impairment to the Company's forgoodwill. cashA consideration
valuation of approximatelygoodwill $0was
prepared by an independent valuation firm based upon certain assumptions.70 perSuch
assumptions share,were asupdated extendedbased on Juneactual 17results and trends and, 2004accordingly,
the Julyvaluation 6,was 2004revised. The Company's auditors are examining the current
valuation. The Company and its auditors are working diligently to resolve this
Julymatter 23and complete the Company's audited financial statements for the year
ended December 31, 2004 and its unaudited financial statements for the quarter
ended March 31, expired2005 so that the Company's Form 10-Q can be filed as
expeditiously as possible.














                                       2





                                    SIGNATURE

         Pursuant to the requirements of the Securities Exchange Act of 1934, as
amended, the Registrant has duly caused this report to be signed on its behalf
by the undersigned hereunto duly authorized.

Dated: SeptemberMay 1024, 20042005

                                                                           THE MAJOR AUTOMOTIVE COMPANIES, INC.



                                                                           By: /s/ BruceBRUCE BendellBENDELL
                                                                                   -----------------------------------------
                                                                                   Name:   Bruce Bendell
                                                                                   Title: President, Chief Executive
                                                     Officer and Acting Chief
                                                     Financial Officer




















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