Ushered in a new class of automobile known as the pony car. Its revolutionary design featuring the long hood and short deck proved wildly popular and according to Ford, 22,000 orders were taken the day it debuted. The Mustang featured a base 170-cubic inch six-cylinder engine with a three-speed floor shift transmission, full wheel covers, bucket seats, carpeting, and a padded dash all for a base retail price of $2,320. An optional 260-cubic inch V-8 engine was also available.
This was Packard’s flagship. It was the car positioned to take on the best from Cadillac and Lincoln throughout the depths of the Great Depression. It was named for its 12 cylinder engine, which was ideal to power Packard’s top model.