1950s Niche market The initial luxury cars of this category during the 1950s in the United States were expensive,
niche market, low-volume vehicles. Described as "quasi-custom" models, marketers at the time promoted them as "sports cars." This connoted "anything with a convertible top, lots of performance, a few unique styling touches, and a top-of-the-line price tag. These included the
Cadillac Eldorado,
Buick Roadmaster Skylark,
Oldsmobile 98 Fiesta,
Imperial Newport,
Chrysler New Yorker,
Chrysler 300 and
Chrysler Windsor,
Packard Hawk, and
Packard Caribbean. All models had two-door convertible or
hardtop body styles, built on a platform shared with far less expensive models. The Eldorado represented 0.5% of Cadillac's total sales in 1953, with 1,690 Buick Skylarks, 458 Oldsmobile 98 Fiestas, and 750 Packard Caribbeans sold. An example is the
Continental Mark II introduced for the 1956 model year. With a price of approximately , the cost was comparable to a
Rolls-Royce Silver Cloud, and 3,012 Mark IIs were sold from 1955 until 1957. It was produced in the two-door hardtop body style with extensive standard equipment for the time that included power steering, power brakes, power windows, power seats, power vent windows,
leather interior, and a tachometer. The only option was
air conditioning for $595. and is often credited with playing a key role in the creation of the personal luxury car segment. In the early 1950s, both
Ford and
General Motors were developing competitors to address what they perceived as the growing popularity of the European sports car niche in the North American market. The result was the
Ford Thunderbird,
Studebaker Speedster, and the
Chevrolet Corvette. and 2,200 Studebaker Speedsters. The convertible/roadster body style was replaced by two models, a fixed hardtop and convertible. over three model years, approximately four times that of the earlier two-seat model. The Thunderbird received the 1958
Motor Trend Car of the Year award. Both followed the close coupled four-seater coupe with powerful engine formula, laid down by the 1958 Thunderbird. The first was the
Studebaker Avanti. The Avanti featured a
fiberglass body, an optional supercharged engine, and front
disc brakes. It was marketed as "America's only four-passenger high-performance personal car". The company built 4,647 Avantis before
Studebaker ended Avanti Production for the 1964 model year. The second was the 1963
Buick Riviera, which began life as the Cadillac LaSalle XP-715 concept car. Total sales for the 1963–1965 model years were 112,244. Its design feature is the fastback roofline that terminates at the rear bumper. It was renamed as the AMC Marlin for 1966 to focus it on the personal luxury market. The Dodge Charger was introduced in 1966 and is similar in size to the AMC Marlin. The models like the Charger were still classified as "specialty cars" as they were not muscle cars but included premium trim and special features. The 1966
Oldsmobile Toronado became the first
front-wheel drive personal luxury car. The Toronado provided the platform for the
Cadillac Eldorado (eighth generation) to switch to a smaller sized, high-volume front-wheel drive layout the following year. Up until 1967, personal luxury cars were grouped with
muscle cars and
pony cars as the "specialty cars" classification. Rather than marketing to broad income classes as with their standard models, each of these car classes was targeted by the automakers to smaller and more specific market niches while offering long lists of options to satisfy consumer demands for individuality. For 1967, the
AMC Marlin was increased in size but still considered an intermediate, a "larger 3+3 family coupe designed to appeal to the market's trend toward bigger cars with more appointments." The
Continental Mark III two-door coupe was introduced for the 1969 model year as the flagship vehicle of Ford Motor Company and as a successor to the 1956 and 1957
Continental Mark II. The Mark III was based on the chassis of the Ford Thunderbird (fifth generation) to lower development costs. Styling features of the Mark III included hidden headlamps (with retractable body-colored covers), a Rolls-Royce-style grille, and a
simulated spare tire on the trunk lid. The Mark III was the first American-made vehicle with
radial tires as standard equipment. In what would become a three-decade rivalry, the 1969 model year Mark III sold 30,858 cars for the extended 1969 model year (although 7,770 were built in 1968), while Eldorado sold 23,333 units that year. The
Mercury Marauder (second generation) was available for 1969 and 1970 as its model line of personal luxury cars in base and X-100 trim. The Marauder utilized Ford's redesigned XL hardtop's wheelbase that was shorter than other full-sized Mercury models and included a V8 engine. It featured hidden headlamps, a flying buttress-style roofline with available matte-black rear and trunk lid finish, rear fender skirts as well as five-spoke aluminum wheels with white wall bias-ply tires. Additionally, for the 1969 model year, the
Pontiac Grand Prix (third generation) was downsized from a full-size to a mid-size coupe in an attempt to reverse the declining sales of the Grand Prix model. Smaller than the Cadillac Eldorado and Oldsmobile Toronado, it was nimbler and more performance-oriented than the Ford Thunderbird and Buick Riviera. Sales reached over 112,000 units, almost quadruple the 32,000 full-sized models built in 1968.
1970s Due to rising insurance costs and emissions standards in the early 1970s, the muscle car's decline coincided with a strong upswing in the personal luxury segment as American buyers shifted emphasis from performance to comfort. Offsetting this, the
1973 and
1979 oil crises impacted upon demand for cars with relatively poor fuel economy. The 1970s personal luxury models were marketed based on luxury, not performance. They were conventional in design and shared many parts with lesser models. The Monte Carlo was marketed as providing "elegance and prestige", however, some reviewers found it more similar to Chevrolet's more utilitarian models. The coupe model of the downsized
Oldsmobile Cutlass Supreme was introduced for 1970 and was sold alongside the larger Oldsmobile Toronado. The base prices of the Monte Carlo and Cutlass Supreme were lower than that of the Grand Prix. However, all three models were priced similarly when ordered with the same level of equipment. Nonetheless, it is claimed that Chevrolet and Pontiac "took personal luxury cars to the masses". The introduction of the Monte Carlo and Cutlass Supreme did cut into the Grand Prix's dominance, and sales dropped 40%. The 1972
Ford Thunderbird (sixth generation) was redesigned with a significant increase in size over its predecessor, becoming larger than most other personal luxury cars. The 1974
Mercury Cougar XR-7 was upsized to an intermediate platform (shared with the Ford Torino and Mercury Montego). This was because the Mustang had been downsized to become the subcompact Mustang II for 1974, leaving the Cougar XR-7 without a platform-mate. The Cougar XR-7 was marketed from 1974 through 1976 alongside the
Ford Elite, styled to resemble the Thunderbird, and marketed at a lower price. The Cougar XR-7 was priced higher than the Elite and included more standard features, but sold about 60,000 units compared to almost 125,000 Elites during the 1975 model year. Total production was 237,287 (SL) and 62,888 (SLC), and North America was the key market for these models, with 2/3 of production officially sold there - before additional cars from the
grey market. Mercedes-Benz were coy in their American ad copy about the car being a sports car, advising potential buyers "Spoil Yourself" and asking "How can a 2-seater weighing 3,500 pounds loaded down with an automatic transmission and luxury power amenities be considered a sports car?." The 450SL addressed the same market niche as the 1955-57 two-seat Ford Thunderbird
personal car, which had similar categorization issues. The mid-size
Chrysler Cordoba was introduced in 1975 as the company's first coupe explicitly produced for the personal luxury market (despite the company declaring earlier that there would "never be a smaller Chrysler"). The Cordoba used vintage styling cues such as
Rolls-Royce-style
radiator grilles,
opera windows, and
vinyl roofs. By 1975, other models that had entered the personal luxury car segment included the
AMC Matador (second generation),
Buick Regal, and
Dodge Charger (fourth generation). The two highest-selling personal luxury cars for 1975 were the Chevrolet Monte Carlo and the Chrysler Cordoba. During the mid-1970s, luxury features became more common in compact and subcompact cars. The 1978
Plymouth Sapporo coupe (a rebadged Mitsubishi Galant Lambda built in
Japan) was marketed as a personal luxury car, featuring a vinyl roof with stainless steel
targa band, velour interior, "luxury" wheel covers with whitewall tires, and various power accessories. For the 1977 model year, the
Ford Thunderbird (seventh generation) was downsized to an intermediate-size platform (based on the Ford LTD II), shedding nearly of length and of weight. It was repositioned as the replacement for the Ford Elite and sold alongside the closely related
Mercury Cougar (fourth generation). The Thunderbird was assembled using a mix of body, interior, and trim parts from the previous year's Ford Elite, Mercury Montego, and Mercury Cougar, plus unique styling for the rear bodywork. This generation became the best-selling in the history of the Ford Thunderbird. Helped by a $2,700 price reduction from 1976, over 318,000 sold in 1977 and 352,000 in 1978 (the best single sales year in Thunderbird history), followed by 295,000 in 1979. The 1978
Buick Regal, Chevrolet Monte Carlo, Oldsmobile Cutlass Supreme, and the Pontiac Grand Prix were among the first of the personal luxury cars to be radically downsized, resulting in weight reductions of more than and exterior dimensions similar to
compact cars (e.g., the Chevrolet Nova, Ford Granada, and Dodge Dart). For 1979,
Cadillac Eldorado (tenth generation),
Buick Riviera (sixth generation), and
Oldsmobile Toronado (third generation) were downsized to an intermediate-sized front-wheel-drive platform, resulting in a reduction in length in the case of the Eldorado. Engines were also downsized, with V6 engines available in the Riviera and Toronado models for the first time. The Riviera was named the 1979
Motor Trend Car of the Year. Sales more than doubled to 52,181 for 1979 and reached 48,621 units for the similar 1980 models.
1980s Throughout the 1970s, American-built personal luxury cars had grown larger and more luxurious, resulting in heavier cars. However, engine power output decreased because of the use of six-cylinder engines or detuning the V8 engines to comply with increasingly strict
vehicle emissions standards. Along with the reduced straight-line performance, the cars also had poor fuel economy. They also needed to meet the rising
corporate average fuel economy (CAFE) regulations set by the
United States Secretary of Transportation through the
National Highway Traffic Safety Administration. The 1981
Imperial (sixth generation) by
Chrysler Corporation marked a key milestone in the decline of the personal luxury car. The V8 engine produced only , Reaction in the motoring press was especially vicious, with
Car and Driver referring to this Imperial as an outmoded
all-frosting automobile. Sales were poor. The Imperial was built on the
Chrysler Cordoba (second generation) chassis, a car with declining sales that was discontinued in 1983. The 1980 model year
Ford Thunderbird (eighth generation) and
Mercury Cougar (fifth generation) were downsized to a mid-size car and described by some as "stodgy-looking". Sales fell, resulting in extensive revisions for the 1983 model year. In 1981, sales of the
Continental Mark VI were down 50%. For the 1984 model year, the
Continental Mark VII was downsized to a mid-size classification, with aerodynamic styling based on the
Ford Fox platform shared with the Ford Thunderbird and Mercury Cougar. For 1986, General Motors drastically downsized the
Cadillac Eldorado (eleventh generation),
Buick Riviera (seventh generation), and
Oldsmobile Toronado (fourth generation) by . With an Eldorado Coupe unit sales drop of 72% in 1986, an unusual case for such a decline in annual sales. The base price of the 1986 Eldorado increased by approximately 16% to $24,251, and production was reduced to about a quarter of what it had been just two years earlier. The Riviera and Toronado used Buick's V6 engine, while Cadillac continued to use their V8 engine. Similarly, the 1986 Riviera's base price increased substantially to $19,831, and sales plummeted to 22,138 for 1986, only 15,223 for 1987, and 8,625 for 1988 (although the 1988 introduction of the
Buick Reatta coupe may have cannibalized some Riviera sales that year). The final year of production for the rear-wheel-drive
Oldsmobile Cutlass Supreme (fourth generation) was 1988, during which 27,678 were built. For the 1988 model year, GM moved the Buick Regal, Oldsmobile Cutlass Supreme, and Pontiac Grand Prix to versions based on its front-wheel-drive
W-body platform. The Chevrolet Monte Carlo was discontinued after a short 1988 model year run (replaced by the 1990
Chevrolet Lumina mid-size coupe). With the discontinuation of the
Chevrolet Celebrity and
Pontiac 6000, the Regal, Cutlass Supreme, and Grand Prix moved from the personal luxury segment to the conventional mid-size segment and were also offered in the four-door sedan body style.
1990s In the early 1990s, the trend towards four-door
sedans and
SUVs caused the market for personal luxury cars to decline even more. The Oldsmobile Toronado was discontinued in 1992. The Ford Thunderbird and Mercury Cougar were discontinued after the 1997 model year (although the Cougar nameplate was revived for 1999 as a mid-size
sport compact). The
Lincoln Mark VIII, introduced for 1993, was discontinued in 1998, thereby ending the Mark series. The total production of Mark VIII was slightly more than 126,000 units. General Motors ended production of the Buick Riviera in 1998, with 1,956 cars produced in the final model year.
Toyota launched the
Lexus luxury brand in North America in 1989. A key product was the uniquely designed 1991
Lexus SC personal luxury coupe, to compete with the Cadillac Eldorado and Lincoln Mark. In 2001, the model was replaced by a smaller convertible. For the 1995 model year, the Chevrolet Monte Carlo was re-introduced and built on the front-wheel drive GM W-body platform. It was the two-door coupe version of the updated Lumina four-door sedan replacing the previous year's Lumina two-door coupe. The
Lansing Craft Centre was retooled to build the
Chevrolet SSR. The
Ford Thunderbird (eleventh generation) was introduced for the 2002 model year. It retained the traditional rear-wheel drive layout and was based on the
Ford DEW platform. With styling cues from the original 1955 through 1957 Thunderbirds, it was part of an early-2000s
retro styling trend that included the
Volkswagen New Beetle,
Chrysler PT Cruiser,
Plymouth/Chrysler Prowler and
Mini Hatch. It was initially well received by the automotive press, garnering accolades such as the
Motor Trend Car of the Year and a nomination for the
North American Car of the Year in its first year. However, many publications did not regard the Thunderbird's revival that highly. It garnered a place on
Car and Driver magazine's 2009 list of "The 10 Most Embarrassing Award Winners in Automotive History". Sales did not meet Ford's expectations and the Thunderbird was discontinued in 2005. The 2000
Chevrolet Monte Carlo (sixth generation) was also influenced by the retro trend, incorporating styling cues from its 1970s and 1980s predecessors. The Monte Carlo was the final American personal luxury car in production when it was discontinued at the end of the 2007 model year. Among the few luxury coupes available in mid-2020 that qualify under the classic definition are the Rolls-Royce Spectre and the Dodge Charger. The Dodge “is a huge two-door with a leather-lined interior, spread-out room, and a choice of 500-plus-hp powerplants—one electric, the other a twin-turbo inline-six—both of which offer the kind of smooth, effortless power that luxo-coupes were always known for.” ==See also==