This is the rare red colored Schuco (#1042) Micro Racer that was produced in post war Germany, in the early 1950's. It is completely in tact. Not sure if that's the correct key, but was in it when we purchased the collection this came from.

These were produced in US ZOned Germany, and they are hard to come by these days, in nice condition. This is in very nice condition, and we've priced it well below it's $1000 book price for a Mint/Boxed model. You simply will not find a nicer example at this price. It's Approx 1/32 Scale.