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Described as a "country tributary," Omaha's Farnam Street was the location of Automobile Row from the outset of car sales in Omaha. It was noted as "one of the best lots to choose from ever assembled between Chicago and San Francisco." With "five exclusive dealerships" in 1906, the strip was the prime location for car sales in Omaha. [3]
Worldwide sales in 2005 reached 2,533,695 units, an 11 percent increase over the previous year. In 2011, Hyundai sold 4.05 million cars worldwide and the Hyundai Motor Group was the world's fourth largest automaker behind GM, Volkswagen and Toyota. [38] [39] Hyundai vehicles are sold in 193 countries through some 5,000 dealerships.
New cars make up 49% of retail auto sales, with used cars making up the other 51%. [36] Additional revenues come from auto repair at the dealerships, financing, and insurance sales. [37] In 2013 Lithia was named No. 9 on Automotive News' list of the 125 largest U.S. dealership groups, with retail new-vehicle sales of 56,960 units in 2012.
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A car dealership can either be a franchised dealership selling new and used cars, or a used car dealership, selling only used cars. In most cases, dealerships provide car maintenance and repair services as well as trade-in, leasing, and financing options for customers. Used car dealers can carry cars from various different manufacturers, while ...
But railroads declined with the rise of the automobile and trucking. The Omaha's business faltered in the 1930s during the Great Depression and passenger service stopped in the 1950s. In 1957, despite resistance from the Hudson community, the Omaha line closed the shops in Hudson, consolidating maintenance to their other shop in Clinton, Iowa. [2]
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