The World's Smallest Car Doesn't Come Cheap
Originally just a fibre glass box on wheels created for a display at a 1962 Cycle and Motorcycle Show at Earls Court, public interest led Peel to develop an actual product from the prototype. A mere 47 were built on the Isle of Man in the early 60's.
The original Peel P50 was available in three shades - Daytona White, Dragon Red, Capri Blue and Sunshine Yellow and retailed at £199. Now, only 26 of this three-wheeled single-seater micro-car are believed to survive.
It was powered by a 4.5-hp two-stroke single-cylinder engine and sports drum brakes (cable-operated!) and coil springs at the front and rear. It could reach a top speed of 38mph (61km/h).
It also used a three-speed gearbox, with no reverse gear. for turning the car around, you can make use of a handle on the rear of the car! For a detailed description, check out this video from BBC's Top Gear.
A P50 was sold on RM Sotheby's auction block at Amelia Island this week. The full restored tiny specimen witnessed a "hotly contested" bidding war before being finally sold for a remarkable $176,000. Well, in this case "less" surely was worth a lot!