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Merry-Go-Round refugee? No, it's the Smart Car

It's stylish, fun and green. Will the Smart car be the next Mini Cooper?

If you only quickly glanced at the Smart Car, you might think it is something that fell off of a ride at the state fair.

In reality, it's the Smart Car, a two-seater mini-car that's already gaining huge momentum in the U.S. The vehicles, which grew out of a joint venture between Mercedes and Swatch, get about 60 miles per gallon and are fairly zippy to drive, I'm told. But more importantly if you live in a city, you can park it almost anywhere. In person, they actually look pretty cool.

Some run on regular gas and others run on diesel. The one pictured here is a diesel. They range in price from $12,000 to $17,000 and more, depending on the models and extras, etc.

Thousands of reservations have already been booked for the car, which will start coming to the U.S. early next year. 750,000 are already driving on the roads in Europe. The Penske conglomerate is handling orders in the U.S.