The original Ford Model A is the first car produced by Ford Motor Company, beginning production in 1903. Dr. Ernst Pfenning of Chicago, Illinois became the first owner of a Model A on July 23, 1903. 1,750 cars were made from 1903 through 1904. The Model A was replaced by the Ford Model C during 1904 with some sales overlap. The company had spent almost its entire $28,000 initial investment funds with only $223.65 left in its bank account when the first Model A was sold. The success of this car model generated a profit for the Ford Motor Company, Henry Ford's first successful business.