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Mustang History
Intensive market research in 1960 revealed that the
postwar population boom would expand by 40 percent before the decade was
over and this category would account for more than half of the new car
sales in the time period. These demographics established that there was a sizable, young,
affluent market ready and waiting for something distinctively new,
sporty and exciting, but not too radical or expensive. Lee Iaccoca is
reputed to have described the climate in 1961 as that of "a market in
search of a car." The T-5 (Mustang 1) was introduced in October, 1962 at Watkins Glen
for those attending the U.S. Grand Prix. Dan Gurney and Sterling Moss
each piloted the model for several demonstration laps around the
raceway. Capable of 115 mph and covering a quarter-mile in 18.2
seconds, it enjoyed an immediate, enthusiastic reception from the
racing fraternity. At this point, management realized their breakthrough car needed
identification. Throughout its development phase, the car was
variously called the T-5, the Cougar, the Aventura, Allegro, Stiletto,
Turino, Torino, even XT-Bird. What better image for a new, rugged breed of car than that of a wild,
free roaming spirit. And the distinctive Mustang logo -- the pony with
is mane and tail flying, galloping across vertical red, white and blue
bars left no doubt concerning its American roots. Of interest is the
fact that the original sketch had the pony running to the left. When
the artwork was converted into a metal die for stamping, it was
inadvertently reversed and the pony would forever gallop from right to
left. Armed with the success accorded both the 1962 and 1963 prototypes; the
commitment from top management approving production, and market
studies and all forecasts indicating an enthusiastic reception, a
Spring '64 launch date was targeted. And the rest ... as the popular expression goes ... is history! When it was finally released to the public on April 17, 1964, the
Mustang touched a nerve in the American psyche. Its appeal was
universal -- to young and old, men and women, Republicans and
Democrats. Overnight it became the most popular car ever, selling over
one-half million in that first year and 3 million in its first decade.
At its inception, It became a talisman for the youthful idealism and
exuberance of the early 1960's. Its classic styling, coupled with its
unpretentiousness and dependability, have made it a favorite over the
past 35 years. In that time, it has taken on its own aura, a radiance,
a certain magic, for want of a better description ... the MUSTANG
mystique.
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