Ah, the classic. Nothing else can really compare with this beauty. The original first-generation Ford Mustang made in the mid-1960s will forever hold a special place in our hearts as an American icon. We at Kentwood Ford often get nostalgic over the revered Ford model just by thinking about it. In fact, we ended up digging some interesting facts about the legendary car even we didn’t know!
A Triumphant Beginning
Released in 1965, the original Ford Mustang was available in both hardtop and convertible models. Each car came standard with a 2.8L inline six-cylinder engine and a three-speed transmission. Meanwhile, other amenities included a padded dashboard, bucket seats, and wheel covers to put it all together. The initial retail price? Just $2,500 USD. Created and conceived by famed Ford executive Lee Iacocca in 1964, not even he knew the eventual life the Mustang would take on its own. The Ford Motor Company sold 22,000 models on the first day, and with production moving at just 12,000 per day, they couldn’t keep up with demand which resulted in up to 400,000 units sold for the year and billions of dollars in revenue.
Pop Culture Icon
So how did the Ford Mustang get so popular? That’s easy. It became an instant icon, taking pop culture by storm throughout the late 60s and early 70s. Ford’s crown jewel made its film debut in 1964 in James Bond’s Goldfinger—long before it even hit dealerships across the Americas. By the next Bond film, Thunderball, thousands of cars already been sold out across the entire country, and the song “Mustang Sally” by Mack Rice began hitting the airwaves. But of course, it goes without saying that the Steve McQueen cop thriller, BULLITT really solidified the Mustang as an all-time superstar (click here to read more about the original 1968 Mustang BULLITT)
A Living Legend Worth $350,000
No one at Ford knew at the time how massive its pony car would become, not even Lee Iacocca himself and especially not a particular Detroit couple. Tom and Gail Wise drove their family of six inside their 1965 Mustang for 15 years, but eventually, the car broke down, leaving the two to debate whether or not they should keep their broken-down muscle car stored in the garage and fix it, or sell for parts later down the road.
But the car kept sitting and the debates kept going, and once 27 years have passed, Ford had announced that they just produced their 10 millionth Mustang. Word got to the company that the couple was looking for replacement parts for the vehicle online, and eventually, they heard about its original purchase date and price after Tom confirmed it with the invoice he saved since he bought it at the dealership: April 14, 1964, for $3,447.50. Today, that car is worth $350,000 to $450,000.
Want to keep learning about Ford’s iconic muscle car? Take a look at some of these pages to find out more!