On This Day, May 26th

1. 1927: The last day of production for the Ford Model T

Photo: Ford

Photo: Ford

On this day back in 1927, Henry Ford and his son Edsel drove the 15 millionth Model T off the assembly line. This would be the last Model T ever created due to the increasing popularity of other more modern cars which forced Ford to make drastic changes. The Model T had a four-cylinder engine that could pump out about 20hp and get an estimated 18mpg since it only weighed 1,200lbs. Pricing would vary quite significantly depending on what options and configuration you wanted; on the higher end it would have cost you roughly $850 back then, which is said to be the equivalent of about $20,000 in today’s economy. If you were looking for a bare bones, four wheels and a steering wheel type vehicle without all the bells and whistles, then it would only cost you about $260, or around $5,000 today.