In 1933 Willys-Overland went into receivership but the 77 was still released on the market.The car had a four-cylinder engine in the front with a 145-cubic-inch capacity which was produced 48hp. The wheelbase was only 100 inches and the car was sold at a price below $500, making it the cheapest American car of its era. The car was also highly economical, delivering 25 miles per gallon. The Willys 77 had a top speed of 65mph, which made it a good base for equipping a racing car. A tuned-up Willys 77 achieved an average speed of 65.2mph in the 24-hour race on the Muroc Dry Lake.