In case you were wondering about the power of 1970s nostalgia at the moment, consider that someone just paid $47,500 for this 1972 Ford Gran Torino Squire station wagon ...

The standard V8 of the Gran Torino Sport was the venerable 302-ci (49-liter) Windsor that, due to emission restrictions, had a low compression ratio and a two-barrel carb, so it could only deliver ...

This particular '72 model had more than just '70s fever working for it, however. It also had rarity. Although tens of thousands were produced, nearly all were used up and thrown away. This example ...

A 1972 Ford Gran Torino that spent its entire life with only two owners, the second of which bought it only a few years after it left the factory, is back on the market to fight for another chance.

The Gran Torino sedan, in fact, was the most popular mid-size Ford for 1976. The cheapest 1976 Torino was the base two-door hardtop, at $4172 (about $23,450 in today’s dollars). 34,518 were built.

With the Gran Torino being Gunny's first car, his father, Ron, decided that while the choked down two-barrel Windsor had to go, his son didn't need to boil the back tires.

In case you were wondering about the power of 1970s nostalgia at the moment, consider that someone just paid $47,500 for this 1972 Ford Gran Torino Squire station wagon on the vintage-car auction site ...