For 1955, the company heavily restyled its models. The Speedster was a member of the Studebaker President series, and was based on Studebaker’s President hardtop coupe. For 1955, the company heavily restyled its models to incorporate a larger front bumper and a massive chrome grille, more in keeping with American cars of the era. An initial run of twenty Speedsters was made, to be displayed at car shows for the 1955 model year. Reaction to the show cars caused Studebaker's management to put the car into production mid-year and offer it for the rest of the model year. A newer restoration, this is one of 2,215 built in 1955. It is equipped with an automatic transmission, power steering and brakes. A rebuilt engine, and 12 volt electrical system round out the features of this rare automobile.