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1975-1985 Domestics---the Doomed Decade?
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But to answer your question, even though the underpinnings are all Mustang, they are not a Mustang, and I'm a Mustang nut.
I do know one person who almost achieved this in an American car with original engine and transmission. It was a 1982 Pontiac 6000 LE. My friend's father bought it new in 1982, used it for commuting, and gave it to his daughter in about 1996. She used it to drive long-distance to college for several years. It was finally junked in 1998 with 282,000 actual miles. It was still running; the problem was that the floor had rusted out so completely that the driver's seat had detached and there was no good metal left to bolt it to. It's a wonder the car didn't break in half first!
As for Mustang IIs, I love them! I think they're easily the second-best-looking Mustang style, surpassed only by the original '65 type. I much prefer the "notchback" Mustang II over the "liftback", as the latter looks too much like a Pinto.
-Andrew L
Now I'm probably the only person that would use "lightweight" in conjunction to a late '70's DeVille, but compared to some of the earlier 70's cars, they WERE light. I think a full-size '77 DeVille weighed about as much as a '77 Seville, which was considered a compact! The weakest points on a late '70's Caddy would probably be the electrical system, and the transmission if they ended up slipping in a TH200 behind one of those 425's. Also, some of them had fuel injection, which bumped the 425's hp from 180 to 195 hp, but I'd guess it was more troubleprone than the standard 4-bbl carb.
Also, an older guy most likely isn't going to take it out and flog it like some younger guys might. That's probably part of the reason that guy's '79 went for so long. He probably kept it, partly out of necessity as well! I could see someone like that turning up their nose at the shrunken '85 DeVilles, yet at the same time being scared off by the sticker shock of the remaining RWD Brougham: "Whaddya mean it's $25,000?! Why that's over twice what I paid for mah '79!!"
GM-Ford product has been shoddy overall compared to import-nameplate competition since 1972 or so... that's thirty years. At least Chrysler figured out some styling and reliability clues in the 1990s.