Business
Six Decades, One Icon: Looking Back to the Birth of Mustang
Dearborn, MI – The Ford Mustang continues its reign as the world’s best-selling sports car, marking over a decade of dominance in the automotive market. Since its global launch in 2015, the Mustang has achieved more than one million sales, adding to its historic total of over 10 million units sold since its debut on April 17, 1964, at the New York World’s Fair.
The Iconic 1964 Ford Mustang Unveiling
When the 1964 Ford Mustang was introduced, it captivated consumers with its sleek design, featuring a long bonnet, short deck, and sporty attributes. Priced at USD$2,368, the vehicle weighed 1,166 kg and was equipped with a 170-cubic-inch six-cylinder engine, a three-speed, floor-mounted automatic transmission, and seating for four. The car's immediate popularity was evident as dealers received 22,000 orders on the first day of sales. In a remarkable anecdote from Texas, 15 buyers bid on the same car, with the winner opting to sleep in it overnight to prevent it from being sold before his cheque cleared.
Ford had initially predicted sales of around 100,000 Mustangs in its first year. However, the vehicle far surpassed expectations, selling 417,000 units within the first 12 months and reaching one million sales by 1966. The Mustang's appeal extended beyond adult buyers, as evidenced by the sale of 93,000 pedal-powered children’s Mustangs during the 1964 Christmas season.
Capturing the Spirit of a Generation
The Mustang's success can be attributed to its appeal to the 15-29 age group, which was projected to grow by 40 percent in the US and globally between 1960 and 1970. Ford envisioned a new type of vehicle that would attract younger consumers who were uninterested in the conservative cars their parents drove. The Mustang offered features like bucket seats, floor-mounted stick shifts, and high-performance engines.
Ford designed the Mustang to be small (no longer than 180 inches), light (no heavier than 1,100 kg), and affordable (no more than USD$2,500, compared to the average vehicle price of USD$3,500). Its styling paid homage to the low profile of the Ford Thunderbird, with a design that was both fun to drive and capable of seating four people. The Mustang I and II prototypes were named after the legendary P-51 Mustang fighter plane from World War II, but the car soon became synonymous with the wild horse, earning the moniker "pony car."
Unmatched Customization
The Ford Mustang's enduring popularity is partly due to its versatility. Buyers could customize the car to suit their preferences, choosing from a basic model to a high-performance or even a luxury version. The Mustang offered the longest list of options Ford had ever provided, allowing it to cater to a wide range of tastes and needs.
Over the decades, the Ford Mustang has evolved, becoming longer, lower, wider, and more powerful. It has undergone significant styling changes, weathered oil crises, faced numerous competitors, and transformed from a US-only model to a global icon available in over 140 markets, including Europe, Australia, the Middle East, and Asia. Despite these changes, the Mustang has maintained its universal appeal and continues to top sports car sales charts worldwide.
With over a million global sales since 2015 and approximately 10 million since 1964, the Ford Mustang remains a symbol of performance, customization, and enduring popularity. As it celebrates 60 years on the market, the Mustang continues to capture the hearts of car enthusiasts around the world.