The legendary Ford Edsel, which was only produced between 1958 and 1960, was a visionary vehicle that never really got off the ground with the American car buying public at the time. It was such a spectacular failure that it nearly drove the legendary car maker into total bankruptcy. Today, however, there are less than ten thousand of them around and one can easily fetch more than $100,000 and are highly valued by collectors.
The car was named for Henry Ford’s son Edsel, a truly gifted engineer and designer. The major factor was the enormous cost to develop and produce the Edsel. Ford ended up spending nearly $250 million to produce and advertise the car. In 1958, that was a ridiculous amount of money and did, indeed, nearly bankrupt the automaker.