A vulcanized thermoplastic olefinic rubber composition comprising at least one vulcanizable rubber (A) selected from the group consisting of ethylene-.alpha.-olefin copolymers, which contain an ethylene unit and a unit of an .alpha.-olefin having 3 to 20 carbon atoms, and which are produced with use of a metallocene catalyst, and an olefinic resin (B), wherein X and Y as defined below of said (A) are from 1 to 40% and from 0.02 to 0.5, respectively, X=(W2/W0).times.100(%) Y=W2/W1 wherein W1 is a weight of a swollen vulcanized rubber (A), which is obtained when (A) in an amount of W0 is extracted with hot xylene, and W2 is a weight measured after drying of the above-mentioned swollen vulcanized rubber (A).