Tiny 1960s Peel P50 car with top speed of 38mph sells at auction for £111,000

THIS tiny 1960s car — which does 100 miles per gallon with a top speed of 38mph — has sold at auction for £111,000.

The Peel P50 micro-motor only has room for the driver and no reverse gear, so you have to get out and drag it backwards.

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This red model from 1963 is thought to be the earliest of its kind and may be a prototype.

Car and Classics online auctioneers said it was taken up Blackpool Tower in 1963 in the lift and driven round as a stunt.

A spokesperson for the “niche vehicle website” said the model was the subject of a “brisk bidding” war.

The spokesperson added: “Its compact and cheeky looks make it a striking choice as a city car.

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“Partly because of its glamorous history and totally unique features as well as its rarity as a model, the Peel was the object of brisk bidding until the winning £111,000.”

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