Created to stay competitive in sports car racing, the 300 SL Alloy was made available by the factory upon special order soon after Gullwing production began. Of the 1400 coupes produced, only twenty-nine were built in the alloy body configuration, just 2% of the production. After the cancellation of the 300SLR program in late-1955, the Alloy Gullwings became the only remaining competition variant of the 300SL. The weight reduction of 200 lbs meant the alloy cars had a clear advantage on the race track. All of the windows, with the exception of the safety windshield, were made from perspex. This lighter body weight, in combination with slightly shorter competition springs and stiffer shock absorbers, allowed the car to have a lower center of gravity and roll center. Additional features included a sport camshaft, and knock-off wheels.

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