
XL
It was the Fall of 1961, and with much fanfare Ford Motor Company brought to market it's new and improved 1962 full size automobiles. Several months after that introduction, there was a second introduction with just as much fanfare and excitement. It was the new Galaxie 500 XL sub-series. The new XL option featured all-vinyl front bucket seats, brightly decorated side trim panels, plus a center floor-shift console. In that mid-year season offering the XL was available only as a two-door hardtop or as a soft-top convertible.



ENGINE CODES
1962 FORD ENGINE CODES(*=High Perf. package; PD=Police)
B=406 cid, 4V, 385 hp, V-8*
G=406 cid, 6V, 405 hp, V-8*
P=390 cid, 4V, 330 hp, V-8PD
Q=390 cid, 6V, 401 hp, V-8*
V=223 cid,1V, 138 hp, I-6
W=292 cid, 2V, 170 hp, V-8
X=352 cid, 2V, 220 hp, V-8
Z=390 cid, 4V, 300 hp, V-8
1963 FORD ENGINE CODES
(*=High performance, SPD=Police,
#=Available late model year only)
B=406 cid, 385 hp, 4V, V-8*
C=289 cid, 195 hp, 2V, V-8
G=406 cid, 405 hp, 6V, V-8*
P=390 cid, 330 hp, 4V, V-8PD
Q=427 cid, 410 hp, 4V, V-8*#
R=427 cid, 8V, 425 hp, V-8*#
V=223 cid, 138 hp, 1V, V-8
X=352 cid 220 hp, 2V, V-8
Z=390 cid 300 hp, 4V, V-8
1964 FORD ENGINE CODES
(*High performance, SPD=Police)
C=289 cid, 195 hp, 2V, V-8
P=390 cid, 330 hp, 4V, V-8PD
Q=427 cid, 410 hp, 4V, V-8*
R=427 cid, 8V, 425 hp, V-8*
V=223 cid, 138 hp, 1V, V-8
X=352 cid 220 hp, 2V, V-8
Z=390 cid 300 hp, 4V, V-8




Probably one of the most widely promoted mid-year introductions by any car company was staged by Ford with their 1963-1/2 models. The Galaxie 500 and Galaxie 500-XL sported a new "fastback" roof design on the two-door hardtop. This was a marked change from the squared-off, T-bird inspired formal roof line used for years on Galaxie models. About the same time as the fastback models were being introduced, the 406 V8s were being replaced by a pair of bigger and beefier 427 cubic inch V8s. The base edition equipped with a single four-barrel intake, was rated at 410 horses. For those who wanted the ultimate in pavement shaking power, the 427 with 425 hp was the answer, equipped with dual four-barrel carbs, and plenty of torque to make Ford the king of Total Performance.
With 1964, Ford presented the Galaxie 500 XL again in three top-line body styles as a two-door hardtop, four-door hardtop and convertible. Under the hood, the big mill was still the 427 offered from the previous season.
Total Performance -- Maxxed
During the 1962 season, Ford realized that light-weight models would help those involved in the competition set, and started to produce dealer-supplied parts for those interested in quarter-mile drag racing. Fiberglass fenders, hoods, deck lids, and bumpers were available, as was a truckload of high-performance engine, transmission and suspension parts.
Along with the introduction of the 427 V8s in mid-year 1963, a very limited number of factory lightweight two-door hardtops were produced. These were all built at the Atlanta, Georgia assembly plant, and were assigned to the Galaxie 500 series. Bodies were modified with aluminum bumpers, fiberglass hood, deletion of heaters, radios, and other horsepower robbing items. The interiors were spartan, to say the least, with rubber floor mats, lightweight special bucket seats and a thinly covered rear seat pad, in addition to the deletion of any insulation or padding as well as arm rests.
This limited production full-size Ford was not continued for the 1964 model year, as the factory dragster programs switched to the lightweight Ford Fairlane series with a little something called Thunderbolt. However, many lightweight parts were offered through dealerships for Galaxie models, and Ford continued to win at the race track on a regular basis.
Other Powerplants
While the heavy-duty high-performance mills are the most desirable, most of these Fords were powered by a much tamer selection of engines. Between 1962 and 1964, the standard in all but the XL models was the 223 cid Mileage-Maker six-cylinder engine that worked well, was quite economical, but was a little anemic for performance minded drivers. In 1962 the base V8 was the Y-block 145 hp, 292 V8, standard in the XL, while the "big-block 352 or 390 V8s were offered in all models, with the mid-year 406 cid V8s being limited to just the passenger cars.
For 1963, Ford introduced its new thin-wall construction small-block 289 V8, optional in all models except the XL where it was standard. Again both 352 and 390 V8s could be ordered, as well as the 406 units in the early part of the model year and the 427s later on. This fine family of Ford engines remained unchanged for the 1964 model year.
Market Conditions
Towards the end of the 1980s, as the collector car market was seeing overly inflated prices of all vehicles, the high-performance big Fords from this era shot from the $20,000 range for a well appointed convertible upwards of the $40,000 mark. The special 1963 lightweight models were commanding prices over the $50,000 level, with prediction of seeing their value more than doubling by 1995. On this speculation a number of non-hobbyist investors jumped on the band-wagon and anted up their bets for big returns. When the bottom fell out of the market in the early 1990s, a number of these investors got burned, and that $100K level seems like a long way off. now.
Since that price-crash in 1991, the market for these has remained fairly tame, with slow, but steady appreciation. Prices of lightweight 1963 Fords today can command prices back up to the $50,000 range for prime examples, while even the more common Galaxie 500 convertibles with smaller engines can bring between $15,000 to $20,000 for excellent restorations.
Get updated values here.
Identifying Your XL
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