Henry Ford family sole ownership of the company. By the mid-1920s, sales of the Model T began to decline due to rising competition. Other auto makers offered payment plans through which consumers could buy their cars, which usually included more modern mechanical features and styling not available with the Model T. Despite urgings from Edsel, Henry refused to incorporate new features into the Model T or to form a customer credit plan. By 1926, flagging sales of the Model T finally convinced Ford to make a new model. He pursued the project with a great deal of technical expertise in design of
Henry Ford (Tiverton MP) exists in Ilsington Church. Thomas Ford's grandfather was John Ford (d.1538) of Ashburton (the son and heir of William Ford of Chagford,) who purchased the estate of Bagtor in the parish of Ilsington, which his male heirs successively made their seat. The Elizabethan mansion of the Fords survives today at Bagtor as the service wing of a later house appended in about 1700. Sir Henry Ford was a nephew of the dramatist John Ford (1586-c.1639) Henry Ford was born in January 1617 and was baptised at Littleham on 19 January 1617, four months after his father's death in September 1616.