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
Ford Piquette Avenue Plant Avenue Plant, a leased factory off of Bellevue Avenue in Detroit. The Bellevue Avenue Plant was used until 1908, by which time almost all manufacturing of major components for Ford Motor Company cars was taking place at the Piquette Avenue Plant. Model N production began at the Piquette Avenue Plant in July 1906. That same month, Henry Ford bought the Ford Motor Company shares owned by fellow company co-founder Alexander Malcomson. While Malcomson was with the company, he and Henry Ford disagreed over the type of car that the company should produce. Malcomson preferred expensive cars, like the Ford Model