1922
- The Rolls-Royce Twenty was built between 1922 and 1929.
1925
- Phantom was produced by Rolls-Royce as a replacement for the original Silver Ghost and second 40/50 hp model. It was introduced as the New Phantom in 1925 and had a larger engine than the Silver Ghost.
- To differentiate between the 40/50 hp models, Rolls-Royce named the new model "New Phantom" and renamed the old model "Silver Ghost", which was the name given to their demonstration example, with Registration No. AX201.
- Further, when the New Phantom was replaced by another 40/50 hp model in 1929, the replacement was named Phantom II and the New Phantom was renamed Phantom I.
- Unlike the Silver Ghost, with side valves, it used pushrod-operated overhead valves. The Phantom was built in Derby in England and in Springfield, Massachusetts in the United States. The US factory produced Phantom I model from 1926 to 1931.
- There were several differences in specification between the English and American Phantoms.
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