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
The Henry Ford each year. It was listed on the National Register of Historic Places in 1969 as Greenfield Village and Henry Ford Museum and designated a National Historic Landmark in 1981 as "Edison Institute". Named for its founder, the automobile industrialist Henry Ford, and based on his efforts to preserve items of historical interest and portray the Industrial Revolution, the property houses homes, machinery, exhibits, and Americana of historically significant items as well as common memorabilia, both of which help to capture the history of life in early America. It is one of the largest such collections in the nation. Henry Ford