For 1955, the company heavily restyled its models to incorporate a larger front bumper and a massive chrome grille more in keeping with American cars of the era.

[5] An initial run of twenty Speedsters was made to be displayed at car shows for the 1955 model year.

The reason was the 1955 President Speedster was loaded with standard equipment including: choice of Studebaker Automatic Drive or overdrive transmissions, power steering, power brakes, four-barrel carburetor, dual exhaust, "Shoemaker-stitched" diamond-quilted genuine top-grain leather seating, carpeting front and rear, a map pocket (but no glove box) an eight-tube push-button radio, a machine turned instrument panel with a Stewart-Warner 160 mph (260 km/h) speedometer and an 8,000 rpm tachometer, turn signals, electric clock, tinted glass, cigarette lighter, oil filter and oil bath air cleaner, dual backup lamps, triple horns, two-speed electric wipers,[3] tubeless whitewall tires, simulated wire wheel covers[5][3] and fog-light bumperettes.

[3][4] There was also Speedster-specific trim including a hood-length hood ornament,[3] stainless roof band,[1] Speedster nameplates and checkered emblems as well as chrome-plated ashtrays, rear-view mirror, moldings and tailpipe extensions.

[3] They also came in 2- and 3-tone paint jobs,[6] the most famous of which was Hialeah Green & Sun Valley Yellow, called "lemon/lime" by the public.