A total of 20,073 Figaros were produced by Nissan in the convertible's single year of series production,[2] all with right-hand drive;[3] at least several thousand have been grey imported to Great Britain and Ireland.

[8] In 2011, design critic Phil Patton, writing for the New York Times, called the Pike cars "the height of postmodernism"[8] and "unabashedly retro, promiscuously combining elements of the Citroën 2CV, Renault 4, Mini, and Fiat 500".

Based on the Nissan March (Micra) platform, the Figaro uses a 1.0-liter (987 cc) turbocharged engine generating 76 PS (56 kW; 75 hp) and 78 lb⋅ft (106 N⋅m) of torque through a three-speed automatic transmission, front MacPherson struts, rear four-link coil spring suspension, rack and pinion steering, and front ventilated disc and rear drum brakes.

Standard equipment on the interior included ivory leather seats with contrasting piping, air conditioning, CD player, cassette tape player, chrome and Bakelite-style knobs, soft-feel paint on the dashboard top, chrome-trimmed speedometer with smaller inset gauges for fuel and engine temperature, and chrome-trimmed tachometer with inset clock.

Exterior paint colors represented the four seasons: Topaz Mist (autumn), Emerald Green (spring), Pale Aqua (summer) and Lapis Grey (winter).