History Of The Ford Mustang
The original Ford Mustang debuted on April 17, 1964, at the attractive price of $2,368. Dealers were inundated with requests for the sleekly-styled new vehicle. In Garland, Texas, 15 customers thronged to bid on the same Mustang. The winning bidder resorted to sleeping overnight in his new car so that it wouldn’t be sold out from under him before his check could clear.
Ford initially forecasted annual sales of about 100,000 units. On the first day alone, dealers took 22,000 Mustang orders. Shortly after its introduction, the fledgling vehicle’s success was official when it was featured on the racetrack as the pace car for the 1964 Indianapolis 500. During the Mustang’s first 12 months on the market, sales grew to an astounding 417,000. Within two years, sales had catapulted to one million.