 For 1964, the Meteor name returned on a series of full-size models in the Canadian market, much as had been the case until 1961.The first step taken to make Mercury more cost effective within Ford, was to shed its higher priced Montclair and Park Lane models.The Monterey, previously the entry-level full-sized Mercury offering and priced slightly higher for the 1961 model year than comparable 1960 models, became the new top-of-the-line model.