Vehicle Description
Available now is this rare 1958 Packard 4 Door Sedan finished in
all black with white top and chrome accents all around. The car
rides on wide white wall tires with chrome Packard hubcaps on steel
wheels. Interior of this car is in very good condition for its age
and being an unrestored example. The Packard is powered by a 289 V8
engine mated to an automatic transmission featuring power steering
and power brakes. The car is a barn find but it does run and drive
and would take very little tlc to make completely roadworthy. The
car was last registered and driven daily back in 2011 and passed
its last NY state safety inspection in 2009. This is an excellent
opportunity to own one of the final production Packards. Packard
ceased production of cars in 1958 due to financial difficulties.
The company had been struggling for several years and was unable to
compete with the Big Three automakers (General Motors, Ford, and
Chrysler). Here are some of the factors that led to Packard's
demise: High production costs: Packard's cars were built to a
higher standard than those of the Big Three automakers, which made
them more expensive to produce. Changing consumer tastes: In the
late 1950s, American consumers were shifting their preference
towards smaller, more fuel-efficient cars. Packard's large, luxury
cars were no longer in high demand. Poor management: Packard's
management made a number of decisions that contributed to the
company's downfall. For example, they decided to merge with
Studebaker in 1954, which proved to be a disaster. The last Packard
rolled off the assembly line on July 25, 1958. The company's assets
were sold to Studebaker, which continued to produce cars under the
Packard name for a few more years. However, Packard's legacy as a
luxury automaker came to an end in 1962. The demise of Packard is a
cautionary tale about the dangers of complacency and the importance
of adapting to changing market conditions. It is also a reminder of
the rich history of American automotive manufacturing.
