First Ford Sold date

Post by **ModelT46** » Thu Jul 23, 2020 12:34 pm

It was on this day in 1903 that the Ford Motor Company sold its first car, a two-cylinder Model A. It was sold to a Chicago dentist named Ernst Pfenning, who paid $850 for it. The Model A was painted red, with a seat that fit two people, and no roof. It reached 28 mph at top speed. The Ford Motor Company had organized just a month earlier. There were 12 stockholders, including Henry Ford himself, who was also the vice president and chief engineer.

Ford had $28,000 in investment funds, but by the time the first Model A was sold, the company had just $224 left in the bank. Fewer than 2,000 Model As sold during the two years the car was manufactured, but it was enough to make the Ford Motor Company profitable.

In 1908, five years after selling the first Model A, Ford rolled out its Model T, and the company truly took off. The Model T was the first car produced on assembly lines, and Ford marketed it to the middle class.