The Clipper brand was created for the '56 model year. Previously, Clipper was the name of a Packard model -- for 1953-55, the entry-level Packard. I wrote about the Clipper brand here.
A fairly detailed account of the 1956 Packard Executive is here. It was a Clipper with a Packard grille and slightly different side trim. The concept was that the top of the Clipper line would be dropped (it was) and the Executive would be the entry-level for the Packard brand.
My speculation is that Packards were selling poorly, that production at the Connor Avenue (Detroit) plant would be terminated soon regardless, and that there was a supply of Packard grilles that would otherwise be excess, but might be used on a new model. Hence, the Executive as a means of using up those grille components. Otherwise, the Executive was given minimal distinction from its Clipper origin.
This is a 1956 Packard hardtop, Mecum auctions photo.
Another Mecum photo, this of a 1956 Clipper sedan. Note the differences in grills and side trim.
Rear quarter view of a Clipper hardtop to be auctioned. This shows the distinctive Clipper rear styling and a better view of its side trim.
Factory image of a Packard Executive sedan. The grille is Packard's.
1956 Packard Executive for sale. The only difference from Clippers seen here is the lower boundary of the two-tone panel -- very inexpensive to develop.
Rear quarter view, same car. As noted, essentially a Clipper: Packards had a different rear end treatment.
Finally, another view of a Packard Executive sedan from an unknown image source.
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