In a move to spread the tooling costs of the Valiant over more cars sold, Chrysler added a facelifted Valiant to its product line in the form of the 1961 Dodge Lancer (Wikipedia entry here). Valiants and Lancers using the Virgil Exner influenced styling continued through the 1962 model year.
All things considered, the Valiant was a quirky design. The Lancer, on net, was a reasonable clean-up job. The grille area relates better to the rest of the front. Eliminating the spare tire cover motif on the trunk was an important improvement. The tiny blades/fins detailing atop the aft part of the rear fenders was a minus: the Valiant's treatment here was cleaner and better.