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 Y Ford Model Y The Ford Model Y is an automobile that was produced by Ford Britain, Ford SAF and Ford Germany from 1932 to 1937. It was the first Ford automobile specifically designed for markets outside the United States, replacing the Model A in Europe. It was in production in England, where it is sometimes remembered as the "Ford Eight", reflecting its fiscal horsepower rating, from 1932 until September 1937, The car was also produced in France (where it was known as the Ford 6 CV, despite actually falling within the 5CV French car tax band) from 1932 to 1934,