Good points all, will be instructive as we march forward.
Let's throw some data at the question.
Table 1 is comparison of Cadillac 60 Special sedan versus Packard top-line "3-box" sedan. Note that Cadillac's Series 62 has been included beginning in 1951 because Patrician more closely competed with it in price and size if not in interior appointments.
Table 2 is comparison of engine power and key features.
EDIT: Updated the tables per RogerD's and Mahoning's notes ahead.
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