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 Model 48 Ford Model 48 The Model 48 was an update on Ford's V8-powered Model 40A, the company's main product. Introduced in 1935, the Model 48 was given a cosmetic refresh annually, begetting the 1937 Ford before being thoroughly redesigned for 1941. The 1935 Ford's combination of price, practicality, and looks vaulted the company ahead of rival Chevrolet for the sales crown that year, with 820,000 sold. The 1935 Ford was a thorough refresh on the popular V8-powered Ford. The four-cylinder Model A engine was no longer offered, leaving just the 221 CID (3.6 L) V8 to power every Ford car and