Just curious ... I have a Signature L ... What does the "L" stand for ?

I have a Signature L also. It’s a Long wheel base Town Car. It has a 6” stretch in the back seat area. Next time you see a Town Car look at the back seat door and compare it to yours.
 
So the "L" stands for "Long" and Not "Limousine" Is that Correct ?
I don't know that there was ever an "official" designation either way.

The "L" models are the rarest last-generation Town Cars.

Adding a bit to what @lenmar2c said, the extra length was given to added back-seat leg room. Look up some Town Car’s for sale on Facebook Marketplace and compare their back seat pictures to your car.

In addition, the “L” models may have additional features not found on other TCs, such as rear ceiling-mounted lighted vanity mirrors, radio controls in the back console, and controls to move the front passenger seat forward. IMO those features would definitely be indicitive of a "limousine" model, whether or not it was designated as such.

Regards,
Wayne A. Pflughaupt

My 2003 Cartier
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Thanks to all who responded to my inquiry. All features described are in my towncar which I LOVE. Do not know why Lincoln decided to discontinue the Towncar , maybe because it was meant for old folks like me. I understand that there is a "concept" towncar under consideration , but I'm sure it will not compare to the 2005 towncar , especially the Signature L
 
The Town Car (and the entire Panther platform) was dropped because of ever-declining sales. By 2011 sales were a fraction of what they had been 10-15 years earlier. The Wikipedia page for the Town Car has year-to-year sales figures.

Regards,
Wayne A. Pflughaupt

My 2003 Cartier
 
Thanks to all who responded to my inquiry. All features described are in my towncar which I LOVE. Do not know why Lincoln decided to discontinue the Towncar , maybe because it was meant for old folks like me. I understand that there is a "concept" towncar under consideration , but I'm sure it will not compare to the 2005 towncar , especially the Signature L

To ad to or repeat Wayne's answer, it is always about the money. (Well 99% of the time)

Ford (or any other car company will always build, in mass production, what consumers want to buy.
When consumers change, (or stop buying) the car company has to change with the consumer or die. That pattern has been repeated many many times over last 125+ years.

Town Car had a very nice run of 30 years. Longer than the company expected. Far longer!
And the traditional full sized automobile is no longer a thing in the US, in numbers that make financial sense to build.
That consumer is now buying SUVs and trucks.

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