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A British built Caterham Seven R500 (pictured right) has smashed the production car world record for sprinting to 100mph and back again.

It left Ferraris and Porsches trailing in its wake along a 2-mile runway at Bruntingthorpe Proving Ground, Leicestershire and set a new world record time of 10.73-seconds during Autocar Magazine's annual 0-100mph-0 test.

The two-seater Seven raced to 60mph from a standing start in 3.21secs, having hit the 30mph mark in just 1.45secs. With 100mph reached in 6.92secs, the Caterham stopped a mere 3.6secs later.

The Surrey built model out paced cars worth 10 times its £42,000 price tag with the £425,000 Ferrari Enzo securing a time of 10.98 seconds.