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For 1948, the Series 62 was moved to the same 126 in (3,200 mm) chassis as the Series 61, making the vehicles virtually identical. The main difference, apart from extra chrome, was the availability of a convertible model. Distinguishing features included grooved bright metal front fender gravel guards, rocker panel brightwork, chevron style chrome slashes below taillights and slightly richer interior trim. Also in 1948 the first tail fins were added. Sales fell to 34,213, nevertheless accounting for a record 68% of all Cadillacs sold. Its appearance is similar to cross-town rival Chrysler Imperial and the Chrysler New Yorker initially in 1949, and less so with yearly appearance changes.
The new Cadillac OHV V8 was the big news for 1949, with minor trim differences otherwise. This 331 cu in (5.4 L) engine produced 160 hp (119 kW).The major difference between Series 61 and Series 62 models of similar body style was minor trim variations. The higher-priced series again had grooved, front fender stone shields and bright rocker panel moldings. Chevrons below the taillights were no longer seen. The convertible was an exclusive offering. A heater was optional. Sales reached a record 55,643.