News

Peel P50 sells at auction for £120,000

It’s always exciting when certain vehicles appear at auction. Collectors can hang on to cars for decades, meaning if a car is rare and valuable it is likely to do quite well once it becomes available to buy. Currently, the brand with most vehicles on the list of the world’s most expensive vehicles is Ferrari, with 9 out of 10 spots on the list occupied by the brand.

It has just emerged that the Peel P50 microcar has sold at a recent auction for a staggering £120,000.

The Peel P50 is an intriguing vehicle to say the least so it’s no surprise it proved quite popular at auction.

It is one of the smallest production vehicles on the planet and the only production car ever built on the Isle of Man.

Out of the 50 P50’s that were produced back in the 1960’s, only 27 are believed to remain in existence today. The Peel P50 sold at the recent auction is one of those 27 cars.

Introduced in 1962, the vehicle was capable of producing around 37 mph (60 km/h). It weighed a mere 59 kilograms, which in part was responsible for the P50 getting into the Guinness World Book of Records in 2010 as the smallest production car in the world.

The P50 was unlike anything else. It was unique and quirky, which is why so many people liked. It wasn’t a vehicle that was meant to be powerful or great-looking. It was quite charming so it’s not surprising it proved popular at auction.

Are you a fan of the Peel P50? Let us know your thoughts. Feel free to leave a comment or alternatively you can always drop us a quick line. Come back soon for more articles about cars and be sure to check out the rest of our blog, where hopefully you’ll find something you’ll enjoy.