CC Video and Analysis: Optimism Before Failure, Part 1 (Packard in 1957)

Debut of the 1957 Packard Clipper.

 

YouTube is amazing – it really is!  Here is a film that I always suspected was out there, but thought I’d never see. It’s the introduction of the new Studebaker-based 1957 Packard Clipper to Packard dealers.  Studebaker and Packard had merged, Packard’s Detroit plant was gone, and so all future Packards would be based on existing Studebakers.  As a result, “1957 will be the biggest and most profitable year in our history!”  Uh huh.

The film starts with a new Packard Clipper sedan revolving on a turntable.  The narrator (who sounds like a 1930s radio announcer) enthusiastically describes all the luxurious new styling features:  the redesigned Packard cormorant, the bomb-type bumper guards (standard equipment), the full-length bright metal strip down the sides, and the “generously tailored” rear light assemblies.

The interiors are “the finest and most luxurious ever offered in its field!”

The brushed chrome and gold instrument panel is “the best expression of modern functional beauty!”  The horn ring is plated in gold.

But this splendid new car is not just about looks.  Thanks to a “Jet-Stream” supercharger, the 1957 Packard Clipper goes from 0-60 in only 10.9 seconds!  It took the 1956 Clipper 12.1 seconds to reach that speed.  The suspension is “guaranteed to turn the roughest road into a boulevard ride!”  -(It apparently does this without the fabulous 4-wheel torsion bar suspension system of 1955-56, which is never mentioned.)

There’s a station wagon too, to take advantage of the rapidly expanding station wagon market.

Next, Studebaker-Packard president Harold Churchill addresses the audience of Packard dealers.  He tells them that these new Packard Clippers represent a “new approach”.  He does not believe that this is the “end of an era” of Packard’s tradition of fine craftsmanship, but a solid new beginning.  He states that “size is not a connotation of quality.  You can have fine quality, highly crafted cars irrespective of size.”  They are now competing in the medium-priced field, which is a bigger market than the luxury car field they are used to dealing with.  Finally, he tells the dealers that they have to go out and “sell, sell, SELL!”

Then we hear from Roy Hurley, President of Curtiss-Wright Corporation.  C-W has entered into a management agreement with Studebaker-Packard.  Hurley states emphatically that C-W does not need “tax gimmicks” to be successful.  Furthermore, rumors that his company plans to just keep S-P around for a year or two and then dump it and keep the tax breaks are false.  New money is coming in which will be used in automotive development so that S-P can be successful and profitable “on its own two feet.”  Hurley does not believe in the “two drunk theory” – that you need one drunk to hold up another.  He also mentions that the entire deal was orchestrated by banks, insurance companies, “people in Europe”, the federal government and even the Federal Reserve.  Apparently, it was important to get certain defense contracts squared away.  There are details in both speeches that I have not read about previously in written histories of Packard.

Here are the dealers in the audience.  You have to wonder what they think of all of this.

Despite all the happy talk, Packard sales plunged from 28,799 in ’56 to 4,809 in ’57.  Which is bad, but not as bad as you think considering that the break-even point for the “Packardized” Studebaker was about 5,000 units.

So an updated version was released for ’58.  It now had a new hood and grille with quad headlights, big fins, a golden streak down the side, and 14″ wheels.  A two-door hardtop was added to the line.  There was new upholstery trim and the supercharger was dropped.  Everything else was approximately the same.  You have to give them credit for trying.  Sales dropped to 2,034.

New for ’58 was the Packard Hawk, which started out as a custom job for Roy Hurley.  588 copies were sold.  S-P gave up–there were no 1959 Packards.

Is there any silver lining to this?   If the Packard dealers (who I assumed would have been dualled with Studebaker) held on ’til ’59, they would be selling the all-new Studebaker Lark, which was successful way beyond expectations.  126,156 Studebakers were sold in 1959.  However,  Packard dealers (who once catered to wealthy, upscale customers) were now selling to a whole different class of people who were purchasing a car in the lowest-priced field.  That must have required some getting used to.

By this time, Curtiss-Wright had pulled out of the management agreement.

If you really want to rub salt in the wound, you can watch New Concept in Power (1955) about the new V-8 engine . . .

. . . and The Safe Road Ahead about the innovative Torsion-Level Ride (1956).

When watching these films, you get the impression that the future is so bright.  You think about all the work, effort, intelligence (and money!) that was put into designing these concepts.  Then creating all the factories, tools, supply chains, etc. needed to actually build these cars.  A couple years later and it’s all for naught–the buying public just didn’t respond in sufficient numbers.

According to the film, Packard began designing the new V-8 back in 1946.  But it took them almost nine years to bring it to market.  Had the V-8 been introduced in say, 1951, I think Packard would have fared much better in the 1950s.

My two takeaways:

  1.  Capitalism, with free market competition, is a harsh system.  It’s a rat race.  There is a lot of waste, duplication, and going down dead ends.  It does, however, seem to give the public the most choice and spur innovation and improvement.  Competition helps keep prices down.  I will say though that sometimes the best products are not the most popular or the most profitable.  Even today, I think that Jaguar, Lincoln, and Buick have made some very nice cars in recent years.  But the broader market doesn’t agree, and those makes may disappear soon just as Packard did.
  2. A sense of optimism just before failure, disaster, and loss is one of the hardest experiences humans have to face.  Just when there’s hope everything falls apart.  It makes me wonder–can you really believe what experts in the establishment (in media, advertising, government, academia, the medical profession) have to say?  When listening to anyone, you have to be wise as serpents and innocent as doves.  Or as Jean Shepherd used to say, “Don’t let ’em do it to ya!”

Here’s the film in full:

 

Coming up next:  Optimism Before Failure, Part 2 (De Soto)