It was equipped with a 4-cylinder engine: More than 400 were made in the Corso Dante plant in Turin.

The Fiat 24-32 HP featured some important technological innovations: it was the first sedan car to use a "Landaulet" body type and was the first car to have an accelerator pedal and a gearbox with four forward gears.

The road model could achieve a top speed of 75 kilometres per hour (47 mph).

This was the first car ever to be specially designed for racing rather than derived from a series production automobile.

The car won the Côte-Superga Sassi race, near Turin, on June 29 and July 27, 1902, with Vincenzo Lancia driving, and the Susa - Col du Mont-Cenis race at an average speed of 44.16 kilometres per hour (27.44 mph).