A revolution in transportation began on July 23, 1903, when Henry Ford sold his first automobile. The two-cylinder Model A, which cost all of $750, was delivered to Dr. Ernst Pfenning of Chicago.
Unlike later versions of his famous assembly-line vehicles, which came in “any color you want, as long as it’s black,” the first Model A was a bright shiny red. The car weighed 1,240 pounds and could reach a top speed of 45 miles per hour. Options included a rear tonneau with two seats and a rear door for $100, a rubber roof for $30, or a leather roof for $50. In his first year of production Ford sold 1,750 versions of the Model A.
The Ford Motor Company had spent virtually all of its original investment funds when Dr. Pfenning picked up his car. The company had only $223.65 left in the bank at the time. But the rest, as they say, is history.