{"id":11015,"date":"2021-01-20T00:00:00","date_gmt":"2021-01-20T00:00:00","guid":{"rendered":"https:\/\/studebaker.priemerhosting.com\/the-ford-mustang-the-right-car-at-the-right-time\/"},"modified":"2021-01-20T00:00:00","modified_gmt":"2021-01-20T00:00:00","slug":"the-ford-mustang-the-right-car-at-the-right-time","status":"publish","type":"post","link":"https:\/\/studebakermuseum.org\/the-ford-mustang-the-right-car-at-the-right-time\/","title":{"rendered":"The Ford Mustang: The Right Car at the Right Time"},"content":{"rendered":"<p>\u201cThe sporty look of a Ferrari, the economy of a Volkswagen, and the appeal of a Thunderbird.\u201d That\u2019s what Ford vice president Lee Iacocca had in mind for his \u201cyouth car.\u201d His hand-picked team refined those seemingly contradictory guidelines into more specific goals in early 1961. The new car needed a room for four and an ample trunk. It needed a long hood \u2013 to suggest power \u2013 and a short rear deck \u2013 to suggest speed. Weight had to stay below 2,500 pounds while price couldn\u2019t exceed $2,500. Most importantly, the car needed a long list of options \u2013 to encourage customer personalization and (not incidentally) boost profits.<\/p>\n<p>Company chairman Henry Ford II wasn\u2019t about to spend hundreds of millions of dollars developing an all-new car in those post-Edsel years, so Iacocca\u2019s team chose the unassuming but proven Ford Falcon compact as the platform for their new car. Two in-house styling teams were pitted against each other and, in summer 1962, produced the winning design. An outside advertising agency worked on the name, pitching everything from \u201cCheetah\u201d to \u201cTorino.\u201d But no name captured the team\u2019s imagination like \u201cMustang.\u201d It evoked open spaces, untamed freedom and \u2013 in the words of one executive \u2013 was \u201cAmerican as all hell.\u201d<\/p>\n<p>For a born salesman like Iacocca, there was only one event big enough for Mustang\u2019s launch: the 1964 New York World\u2019s Fair. The splashy venue ensured maximum press coverage. Customer appetites were further whetted by an enormous marketing blitz. Ads ran in 2,600 newspapers across the country, primetime TV commercials aired on all three networks, and Mustang (and Iacocca) made the covers of <em>Time<\/em> and <em>Newsweek<\/em>. \u201cMustang Mania\u201d followed. Ford had hoped to sell 200,000 Mustangs in the first model year. It sold 22,000 in the first <em>weekend<\/em>. By the fall of 1965, nearly 681,000 Mustangs found buyers. It was only the beginning of a run that\u2019s lasted more than 50 years and made Mustang into a lifestyle.<\/p>\n<p>What was the secret of the Mustang\u2019s success? It was the right car at the right time. Lee Iacocca\u2019s instincts were dead on. Young people wanted a car that looked sporty, carried a modest price, and could be accessorized to their individual tastes. General Motors, Chrysler and AMC had nothing to match it, giving Ford a lock on an untapped market. (To be sure, Camaro, Firebird, Challenger and Javelin were soon to come.) The splashy, media-savvy debut didn\u2019t hurt either.<\/p>\n<p>For marketers, Mustang became a textbook study in promotion done right. For gearheads, it came to rival Corvette as America\u2019s automotive icon. And for automakers, it proved once again that timing is everything, and that knowing your customers is the best business strategy of all.<\/p>\n<p><strong>About the Author<\/strong><\/p>\n<p>Matt Anderson is the John and Horace Dodge Curator of Transportation at The Henry Ford in Dearborn, Michigan. He oversees the development, care and interpretation of the museum\u2019s collection of more than 275 automobiles. Matt also curates the museum\u2019s railroad and aviation collections. He currently serves as president of the National Association of Automobile Museums. Matt has previously worked at the B&amp;O Railroad Museum in Baltimore, Maryland; the Studebaker National Museum in South Bend, Indiana; and the Minnesota Historical Society in St. Paul, Minnesota.<\/p>\n<p><strong>About the Series<\/strong><\/p>\n<p><em>This series of essays explores the vehicles that made up our <a href=\"https:\/\/www.studebakermuseum.org\/?exhibition=ten-cars-that-changed-the-world\">Ten Cars that Changed the World<\/a> exhibition.\u00a0 The exhibition was a partnership with the <a href=\"https:\/\/autohistory.org\/\">Society of Automotive Historians<\/a>.\u00a0<\/em><\/p>\n<p><img decoding=\"async\" class=\"aligncenter size-medium wp-image-2426\" src=\"https:\/\/www.studebakermuseum.org\/studebaker-main\/wp-content\/uploads\/2018\/05\/10ChangedTheWorld_RGB-300x300.jpg\" alt=\"Ten Cars that Changed the World Logo\" \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>\u201cThe sporty look of a Ferrari, the economy of a Volkswagen, and the appeal of a Thunderbird.\u201d That\u2019s what Ford vice president Lee Iacocca had in mind for his \u201cyouth [&hellip;]<\/p>\n","protected":false},"author":11,"featured_media":11016,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[10,11],"tags":[],"class_list":["post-11015","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-special-exhibitions","category-ten-cars-that-changed-the-world"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v28.3 - 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