[1] The XM featured around 1,500 modifications from the XL, including numerous changes to the suspension which now featured stronger ball joints, new front upper wishbones, coil-over shock units and relocated rear spring-hangers.

The vacuum operated windscreen wipers of the XL series were replaced by a two-speed electric motor unit and the seats were stronger with better quality upholstery.

[2] For higher specification models, such as the Deluxe trim, a 200 cu in (3,277 cc) version of the Falcon Six was available for the first time (often referred to as the Super Pursuit engine),[5] and produced 121 hp (90 kW; 123 PS).

[7] It was offered in Falcon Deluxe Hardtop and Falcon Futura Hardtop trim levels, with the 170 cubic inch "Pursuit 170" engine as standard equipment and the 200 cubic inch "Super Pursuit" available as an option on both models.

[8] The Falcon XM passenger car range, released in February 1964,[9] comprised three sedan and three station wagon models,[10] marketed as follows: The Falcon XM Hardtop range, released in July 1964,[7] comprised two models,[8] marketed as follows: The Falcon XM commercial vehicle range comprised four models:[11] 47,039 examples of the XM series were produced,[13] prior to its replacement by the revised XP Falcon in March 1965.