many vintage vehicles suffer this malady. this also includes the rear wheel "appearance" as well.
over the years of playing with vehicles, the front and rear wheels of various makes have been moved around in the fender openings just to make the side view better, if it was relatively easy to do.
parallel leaf spring suspension makes it super easy to do. buggy spring suspension systems require a little thought, and independent coil spring suspensions require quite a bit of engineering to move around just for a couple of inches of better appearance in the fender openings.
in this case, it's usually easier to just move the openings in the fender. sometimes, it requires an extra pair of fenders to use as "parts" to help complete the job.