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
Car model oldest North American car nameplate. "Nameplate" is also sometimes used more loosely, however, to refer to a brand or division of larger company (e.g., GMC), rather than a specific model. Without any equipment, upholstery and exterior trim is usually determined by the trim level, the car model often defines the styling theme and platform that is used. The model also defines the body style(s) and engine choice(s). Some models have only one body style (e.g. the Mazda 2 hatchback), while other models are produced in several body styles (e.g. the Audi A3, which has been produced in hatchback, sedan and