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Parkard served as one of the premier luxury automobile manufacturers of the 20's and 30's. During this period Packard out-sold and dueled with Cadillac for the top American product. Infact, Packard was the first company to to put a V12 into a production car.

Parkard used simple construction techinques on its production line. Until 1934 every model had drum brakes and solid axles. Emphasis during design was placed on ease of driving coupled with a smooth-running engine.

The Parkard Twelve, which featured the twin-six engine, was part of the eilte automobiles which included such cars as the Bugatti Royale. Of the some 35 000 Twelves produced, the Lebaron Speedster is one of the most elegant & desireable coachworks. For this reason the Parkard 1106 Lebaron is of the most valuable classic cars produced.