The Packard Executive was introduced on March 5, 1956 to fill a perceived price gap between the prestige Packard line and the new Clipper marque, which was in its first year as a separate marque. In previous years, Clipper models had been Packards. The most expensive Clipper, the Clipper Custom, listed at $3,065 for the 4-door sedan. The Packard Executive sedan retailed for $3,465, the Executive 2-door coupe $3,560, while the top-of-the-line Patrician sedan sold for $4,160.
The Executive was marketed with the invitation to “enter the luxury car class now—at a modest investment,” and was aimed at "the young man on the way up."
Effectively, the Packard Executive replaced the entire Clipper Custom line of vehicles, as production of the Customs was ended once the Executive was announced.
The Executive was created by combining the Clipper Custom's body, complete with its distinctive tail light design, and installing the front fenders, hood, and radiator grille assembly of the senior Packard models. It also used the Clipper Custom's 122-inch (3,100 mm) wheelbase and its 352 cu in (5.8 L) 275 hp (205 kW) overhead valve V8 engine. This contrasted with the engine used by the rest of the 1956 Packard models, which displaced 374 cu in (6.1 L) and developed 295 hp (220 kW) (310 hp (230 kW) for the Caribbean).
Beyond the senior Packard grille and front end sheet metal, Executives were further distinguished from the Clipper line by a unique side trim design that that made reference to the senior Packards, and allowed for two-toned paint schemes. However, the interior appointments and instrumentation were pure Clipper. The prototypes produced for the all new 1957 Packard and Clipper lines show an all new Executive that would become a baseline Packard. All 1957 Clippers would have an all new body which shared many inner panels with the all new large Studebaker. Body panel sharing was the new plan for Studebaker-Packard models. Unfortunately the Insurance Companies would not finance the ambitious plan, and SPC was forced to retrench and ended up sharing body panels with the mid size Studebaker models. There was a 1957 Clipper, the last year to carry that name. Originally, the plan was to call the 1957 model an Executive. It was hoped to be a bridge car until an all new big Packard could be introduced. See Facel-Vega for a 1959 proposal for a rebadged Packard.
Executives received their own series designation of 5670. It was offered in two body styles; a two-door hardtop (model 5677), and a four-door Touring Sedan (model 5672).
Although the Executive sold as fast as it was produced, it was not enough to substantially improve the financial picture for the Packard-Clipper Division. Even as the Executive was being announced, the media had already been reporting of sales and fiscal woes at the Studebaker-Packard Corporation, and rumors were flying the Packard marque might be discontinued. These rumors weighed heavily on the company’s efforts to sell any of its products. Buyers did not wish to be stuck with a so-called “orphan” car, where spare parts would no longer be available from a dealer, and resale values would be negatively impacted.
All Detroit production of Packard and Clipper models ceased 25 June 1956 with the shuttering of the Conner Avenue assembly plant. The Packard name was continued for the 1957 and 1958 model years on products based on Studebaker platforms, built on the same assembly lines in South Bend, Indiana as the Studebaker models.
- Flory, J. Kelly (2008). American Cars 1946-1959: Every Model Year by Year. McFarland. ISBN 978-0-7864-3229-5.
- Gunnell, John, ed. (1987). The Standard Catalog of American Cars 1946-1975. Krause Publications. ISBN 978-0-87341-096-0.
- Kimes, Beverly Rae, ed. (1978). Packard: A History of the Motor Car and the Company. Automobile Quarterly Publications. ISBN 978-0-915038-11-4.