Incredibly rare world's smallest car has just sold for a record $55,380

A rare example of the world’s smallest car, just sold for $55,000.

That’s not an insignificant amount of money for such a small and, let’s face it, relatively impractical car.

It’s an icon, though.

And even though it’s obviously not ideal as an everyday car, it’s a lot more spacious than you might imagine.

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The world’s smallest car is also one of the world’s rarest

A pristine example of the Peel P50, the world’s smallest car, recently sold for 85,000 Australian dollars, equivalent to $55,300, which is a record for this car.

The P50 was unveiled in the 1960s, and it was essentially an experiment.

Powered by a minute 50CC engine with just 4.2 horsepower, the P50 was slow, but still relatively nimble and quick, mainly because it was just so small.

For reference, the Peel P50 stands at just 137cm (54in) long and 99cm (39in) wide, weighing a mere 59kg (130lbs).

This is a very rare car, too.

Fewer than 50 were built and only around 27 are still in existence.

And most of those are in terrible shape.

Still, $55,000 for a car as impractical as this one sounds like a steep price.

Or maybe it isn’t.

Maybe we should look at it from a different perspective.

Maybe $55,000 for such a rare collectible is indeed a good deal.

We’ll leave it up to you to decide.

This car is not highway legal, but it’s a lot more spacious than you think

The Peel P50 may not be highway legal in certain jurisdictions, but it has other features to make up for it.

Among other things, it is surprisingly spacious.

Olivier Richters, AKA The Dutch Giant, and Paulie in Season 3 of Reacher on Prime Video, was somehow able to drive it.

And that’s kind of shocking when you remember he’s 7 foot 2 (218CM), which means he has a hard time fitting in any car, let alone the world’s smallest.