At launch the W22 differed from its predecessor most notably on account of its swing rear axle, supported by lateral leaf springing, adopting a pattern established by Ferdinand Porsche during his time with the (at the time still independent) Austrian Steyr company.

The car was powered by a six-cylinder four-stroke ohv engine of 1950 cc driving the rear wheels via a four-speed gearbox.

Initially the car was offered as a “six-light” (six side window) four-door saloon and as a two-door cabriolet.

With this body the Wanderer W240 appeared streamlined beside the conservatively styled contemporary Mercedes-Benz sedans.

At the same time the cabriolet version was modified, losing its rear side windows in favour of a more extensive hood.