It was positioned as an alternative to the market favorite Ford Thunderbird, which offered an all-new version in 1958 as well.
As on early aircraft and custom boats, padded armrests were mounted outside the windows, a rare touch.
It was certainly the fastest Packard ever sold, since it shared the majority of its components with Studebaker's Golden Hawk.
Its rarity and status as the best-regarded of the 'Packardbaker' final-year cars have made the Packard Hawk quite collectible.
Values are roughly double those of the equivalent Studebaker, although they are still low by comparison with Corvettes and Thunderbirds.