The Packard Executive was an automobile produced by the Packard-Clipper Division of the Studebaker-Packard Corporation in 1956. The Packard Executive was introduced on March 5, 1956 to fill a perceived price gap between the prestige Packard Patrician 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 wheelbase and its all new, Packard designed overhead valve V8 engine. This contrasted with the engine used by the top level 1956 Packard Patrician, which displaced and developed ( 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 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 midsize 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