The Model T was an automobile built by the Ford Motor Company from 1908 until 1927. Conceived by Henry Ford as practical, affordable transportation for the common man, it quickly became prized for its low cost, durability, versatility, and ease of maintenance. More than 15 million Model Ts were built in Detroit and Highland Park, Mich. (The automobile was also assembled at a Ford plant in Manchester, Eng., and at plants in continental Europe.) Assembly-line production allowed the price of the touring car version to be lowered from $850 in 1908 to less than $300 in 1925. At such prices the Model T at times comprised as much as 40 percent of all cars sold in the United States. Even before it lost favour to larger, more powerful, and more luxurious cars, the Model T, known popularly as the “Tin Lizzie” or the “flivver,” had become an American folkloric symbol, essentially realizing Ford's goal to “democratize the automobile.”