The British brothers who created the car — which is actually a modified Daewoo — listed an asking price of £21,500 for the car on eBay, but the highest bid they received was £15,000.
“We’ve taken it off the market for the time being,” one of the brothers told the BBC. “We’ve had a couple of people make sensible bids on it and we’re in conversation with them in regards to selling it.”
It cost them £30,000 (about $50,800) to build the vehicle, which includes an airbag, headlights and mirrors, runs on gas and can reach speeds of up to 70 mph. The brothers thought once they had the car it would be an easy moneymaker, but it hasn’t quite worked out that way.
“We were hoping it would be out on a regular basis, create some revenue and recoup the money used to build it,” one of the brothers told the BBC previously. “But in real life it ended up going out four or five times in two years. So we thought we might as well sell it and if anyone’s interested in buying it that will bring back some money for us.”
Real life ‘Little Tike Cozy Coupe’ fails to sell [BBC]
by Mary Beth Quirk via Consumerist