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Pony car
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Pony car
The pony car is a class of
automobile launched and inspired by the
Ford Mustang in 1964. It
describes an affordable, compact, highly styled car with a sporty or
performance-oriented image.
Origins of the breed
The pony car (and of course the Mustang itself) had its beginnings at Ford
Motor Company in the late 1950s following the demise of the original, two-seat
Ford Thunderbird. While the Thunderbird's transformation into a larger,
four-seat
personal luxury car, starting with the
1958 model year,
proved to be successful in sales terms, dealers and buyers alike lamented the
loss of the two-seat 'Bird, which served as an image leader for the company and
a traffic-builder in showrooms, attracting buyers who would ultimately purchase
more mundane automobiles. For several years Ford explored various plans for
reviving some equivalent of the early Thunderbird.
An added impetus came from
Chevrolet, with the popularity of the Corvair Monza late in 1960. The initial
Corvair had been positioned as an economy car, but it was much more successful
with the plusher trim and sportier image of the Monza model, which sold around
144,000 in 1961. Ford responded with sportier Futura and Futura Sprint versions
of its Ford Falcon, and Chrysler Corporation with the Plymouth Valiant Signet
and Dodge Dart GT.
Some executives, however, principally Ford's
Lee
Iacocca, believed that sporty versions of mundane
compact
cars only scratched the surface of the potential market. During this period
there was a strong influx of young buyers with disposable income and a taste for
vehicles with a younger image than a standard
sedan, and
Iacocca's marketing studies revealed that if a unique-looking sporty car could
be offered at an affordable price, it would find many buyers. Ford's response to
this demand was the Mustang, launched on
April 17, 1964, which proved
to be an enormous success, selling 680,000 cars in its first extended model
year.
Defining the class
The Mustang provided the template for the new class of automobiles. Although
it was based on the
platform of the Falcon, it had a unique body (offered as a
hardtop
coupé and a
convertible) with distinctive, "long hood, short deck" proportions. In basic
form it was mechanically mundane, with a 170 cu. in. (2.8L)
six-cylinder engine and three-speed manual transmission. It carried an
attractive base price of $2,368, and had an extensive option list offering a
range of V8 engines, Cruise-O-Matic automatic transmission or four-speed manual,
radios, air conditioning, power steering, and other accessories. A V8 Mustang with all available
options would cost about 60% more than a basic Six, which made it an extremely
profitable model for Ford.
The requirements were therefore set:
- Attractive, sporty styling
- Affordable base price
- Extensive options, including
six-cylinder and V8 engines
- Aggressive, youth-oriented
marketing and advertising.
While most of the pony cars offered more powerful engines and performance
packages, enough to qualify some as
muscle cars,
a substantial number were sold with six-cylinder engines or mundane, "cooking"
V8s, with the high-performance models largely limited to
drag racing, road racing, or racing homologation purposes.
Pony car competitors
Despite the immediate success of the Mustang, many (including some within
Ford) feared that the bubble would soon burst, and other manufacturers were
surprisingly slow to respond. The first competitor was the
Plymouth Barracuda, which actually went on sale on April 1, 1964, about two
weeks before the Mustang. The Barracuda was not a direct response to the
Mustang, which had not yet debuted (although Chrysler was certainly aware of the
upcoming model), but a low-cost way to expand the sporty appeal of the Valiant.
Chrysler's precarious financial situation meant that the Barracuda was
compromised, with insufficient distinction from the Valiant and styling that
drew mixed reactions; its sales were a fraction of the Mustang's. Some
mentionned then if the Barracuda was successeful, some could had talk of a "Fish
car" instead of the pony-car.
[1]
[2]
[3]
[4]
Initially
General Motors believed that the restyled 1965 Corvair would be an adequate
challenger for the Mustang, but when it became clear that the Corvair itself was
doomed, the more conventional Chevrolet Camaro was introduced, going on sale for
the 1967 model year, at the time the Mustang was entering its second generation.
They were presently joined by the Camaro-based Pontiac Firebird, the Mercury
Cougar, and, in 1968, the AMC Javelin. Dodge joined the party belatedly with the
1970 Dodge Challenger, an enlarged version of the Barracuda.
The pony car was primarily an
American phenomenon, but in 1969 Ford created a highly successful European
equivalent in the Ford Capri. Sharing most of its underpinnings and its four-
and six-cylinder engines with a mundane model (the Ford Cortina), it had a
combination of style and image very much in the spirit of the Mustang. The
European Ford Capri (sold in the U.S. as a Mercury Capri through 1978 at
Lincoln-Mercury dealerships) was last imported for the 1978 model year, and the
nameplate was placed on a rebadged Fox-body Mustang until it survived through
1987.
While sales were strong throughout the end of the
1960s, the greater value of the pony cars was in bringing buyers, particularly
the crucial youth market, into the fold. In 1970 Car and Driver reported that while very few pony car drivers bought a second
pony car, around 50% moved on to purchase another car of the same make.
Nevertheless, even by 1969 sales were beginning to slide, dropping to 9% of the
total market from a peak of 13% in 1967.
Expansion and decline
As with most automobile redesigns, each subsequent generation of the pony
cars grew somewhat larger, heavier, costlier, and more plush.
Big-block engines joined the option list, and both performance and comfort
options proliferated. The 1973 Mustang, for example, was 8.5 inches (215.9 mm)
longer, 5.9 inches (150 mm) wider, and over 600 lb (272 kg) heavier than the
original edition. The Dodge Challenger, meanwhile, was only slightly smaller and
lighter than Dodge's intermediate cars. The added bulk left the standard six and
V8 engines sorely pressed, while the introduction of powerful big-blocks
underscored the limitations of the pony cars' suspension, brakes, and
tires.
By 1970 buyers
were moving away from the pony cars, either toward smaller
compact
cars (domestic or imported) or toward larger, more luxurious models.
Performance of the hottest pony cars began to erode as a result of
emissions controls and the added weight of required safety features. The 1973
Arab Oil Embargo left the bulky pony cars out of step with the marketplace.
The Challenger, Barracuda, and Javelin were cancelled after
1974, and the Camaro and Firebird nearly died at the same time, although they
received last-minute stays of execution. The Cougar became an upsale personal
luxury twin to the Ford Thunderbird, while the Mustang was reinvented as a
luxury compact based on the Ford Pinto.
Later developments
Despite mediocre performance, the GM pony cars experienced a resurgence in
popularity in the late
1970s that insured their survival. The Mustang was redesigned with a renewed
sporty image in 1979, prompting Mercury to reenter the pony car market with a
Mercury Capri twin based on the new Mustang. Chrysler, beset by financial
problems, did not revive the pony car, nor did American Motors Corporation,
although Chrysler did offer other front-wheel drive performance models with a
similar spirit. The Mustang remained strong, although in the 1980s Ford gave
serious consideration to replacing it with a front-drive model (which eventually
appeared as the Ford Probe instead). Emissions and fuel economy concerns led
many of the latter-day pony cars to offer four-cylinder engines (sometimes with
turbocharging), although they were never as popular as six-cylinder and V8
models.
Declining sales and the popularity of light trucks and
sport utility vehicles led to the demise of the Camaro and Firebird after
2002. As of late 2005 only the original pony car, the Mustang, is still in
production, although its popularity following its 2005 redesign means that the
Camaro will apparently return for the 2009 model year and Dodge's Challenger
could return as soon as 2007.
The dilemma facing automakers in offering pony cars (or their spiritual
equivalent) today is that few have suitable platforms that are affordable enough
to be viable. Unlike the mid-1960s, the large majority of modern compact cars
are front-wheel drive, with four- and six-cylinder engines, and the widespread
use of monocoque construction makes engineering a specialized body an expensive
proposition. Some would argue that the true modern equivalent of the pony car is
the sporty compact, such as the performance models of the Honda Civic and Dodge
Neon, although enthusiasts of the traditional, rear-drive, V8-powered cars are
skeptical of such comparisons.
Pony cars of the 1964-1974 are highly prized collectibles today, especially
the high-performance models.
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