The third and final generation of Mercury Eight was introduced for the 1949 model year. The third generation Eight featured updated styling, and was offered as a coupe, convertible, sedan, and station wagon. The most notable variant was the Monterey coupe, which was a premium coupe that would become its own model, the Mercury Monterey. Production of the Mercury Eight ended in 1951. Canadian versions of the Mercury Eight were known as Monarchs.