It’s the small car with the big price tag.
A tiny Peel P50 vehicle, which originally cost less than £200 when it was built in the 1960s, has sold at auction for a record-breaking £120,000.
The world’s smallest production car is just 52 inches long – a third of the length of a new Ford Fiesta.
It is so small that when it was built, its manufacturers didn’t give it a reverse gear as its driver could get out and simply turn it by hand.
Only 47 were built by the Peel Engineering on the Isle of Man between 1963 and 1964, and just 26 models are said to remain in existence.
The red Peel P50, from 1964, fetched £120,000 at an RM Sotheby’s auction on Amelia Island in Florida, despite having a guide price of £52,000 to £70,000.
That amazing sale price is the same as a second-hand Ferrari 458 Italia.