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SpeedSource Ceases Operations; Equipment Up for Auction

SpeedSource cars, equipment to go up for auction later this month as team ceases activity…

Photo: Key Auctioneers

SpeedSource has ceased operations as a race team, with the Florida-based organization placing its equipment, including five race cars, up for auction later this month.

The Sylvain Tremblay-owned team, which celebrated its 20th anniversary in 2015, lost its factory Mazda prototype contract to Joest Racing earlier this year, leading to the discontinuation of its championship-winning operation.

It comes after a lengthy partnership with the Japanese manufacturer that delivered wins and championships, mostly in Grand-Am competition.

A Dec. 19 auction at its shop in Coral Springs, Fla. will liquidate its remaining assets, including two Lola LMP2 chassis, without engines, three Mazda6 GX cars, as well as well as a wide range of racing tools and equipment.

Click Here to view the complete selection of items, as well as additional information from Indianapolis-based Key Auctioneers, which is conducting the auction.

Photo: Key Auctioneers

John Dagys is the founder and Editor-in-Chief of Sportscar365 as well as the recently launched e-racing365 Web site for electric racing. Dagys spent eight years as a motorsports correspondent for FOXSports.com/SPEED Channel, and contributes to other publications worldwide. Contact John

22 Comments

22 Comments

  1. Curtis

    December 4, 2017 at 8:28 am

    That’s a shame. I know they had their struggles with the Prototype but, their contribution to Grand Am GT racing was unbelievable. Not to mention, all of the work and development they did for Mazda throughout their history.

  2. Mark - Toronto

    December 4, 2017 at 8:31 am

    It’s always a shame to see a long standing team close, particularly one with such a history. I had hoped that they would have been able to find another program, but it seems that is not to be. I note the story indicates they have “…ceased operations as a race team…”. I believe they also managed the Pro Mazda engines, so I’m not sure if they’re continuing as an enterprise in other respects.

    Merci M. Tremblay! I wish everyone associated with the team the best. Thank you for representing the brand with passion.

  3. JD

    December 4, 2017 at 11:00 am

    Stevenson, SpeedSource, Alex Job. Lots of longstanding names bowing out.

    • John Dagys

      December 4, 2017 at 12:06 pm

      GAINSCO/BSR as well…

      • Slicks in the wet

        December 5, 2017 at 5:00 pm

        Starworks..Oh wait..nevermind, those clowns keep threatening to field a car

  4. Jenner

    December 4, 2017 at 11:34 am

    Guess they didn’t want to run a Spec Gibson after losing Mazda to Team Joest.

    I wonder if teams ceasing operations is a concern to IMSA.

    • Kirk

      December 4, 2017 at 1:38 pm

      I think losing teams/cars is always a concern to a sanctioning body, but in all honesty teams come and go all the time. In fact I’d dare say it’s far rarer for teams such as Penske or Ganassi to stick around for 20 or 30 or 40 years than it is for teams to pop up, run for a period of time, and then vanish.

      • Curtis

        December 4, 2017 at 1:58 pm

        The disheartening thing is, the teams we’re losing right now are all long term teams. To think that Bob Stallings, Alex Job, Speed Source and Stevenson have all called it quits this off-season is almost depressing.

        • Kirk

          December 4, 2017 at 3:02 pm

          It’s never good when a team or teams you’ve gotten accustomed to seeing in the paddock year after year calls it quits. I remember being really down when Dyson stopped racing prototypes because I had been watching the #16 and #20 prototypes race for most of my adult life. I still find it hard to watch a sports car race and not see the Dyson cars out there.

          • Mark Thurygill

            December 4, 2017 at 5:42 pm

            Apparently they’ve kept the core staff and are working on a return next year. They were not specific about the program or series (other than a vague indication it may be more than one series). Regardless, a Dyson return would be very welcome news indeed!

    • Matt

      December 4, 2017 at 5:45 pm

      More like Mazda was the only thing keeping the organization afloat. They couldn’t afford to keep going if they wanted to, hence the forclosure.

      • Slicks in the wet

        December 5, 2017 at 5:00 pm

        Sounds correct, matt

  5. Jeremy Bacchus

    December 4, 2017 at 1:37 pm

    It seems this year I have written a lot of these fairwell comments to teams with storied histories— despite their recent struggles the speed source team was a force to reckon with in the Grand Am series , I just loved the sound of their rx8 rotaries. They were a friendly team that race fair and hard. Sylvian Tremblays contribution to Mazda motorsports will not soon be forgotten. Thank you for always being warm and welcoming in the paddocks everytime we were at the races. Hope to see them again on the race tracks someday as something new/different . Good luck

  6. vanillachinchilla

    December 4, 2017 at 4:08 pm

    Can I get the Lola in that green-orange throwback?!

  7. Andy Flinn

    December 4, 2017 at 4:47 pm

    I’m sorry to read that SpeedSource racing has ceased operations.

    Despite Sylvain’s personal tragedy, SpeedSource accomplished a lot on the racetrack, including beating the Porsche GT class juggernaut not once but twice (2008 and 2010) at the Rolex24 at Daytona. How many other teams can say they’ve done that?

    As a fan and close follower of Grand-Am over the years, SpeedSource was one of my favorite teams.

  8. Raphael Chapman

    December 4, 2017 at 10:52 pm

    I sure hope there is a SuperGT racing team that will inherit those Mazda6 GX cars.

    • Andrew

      December 5, 2017 at 8:00 am

      If they want they can buy them, they aren’t owned in any way by Mazda. But they are IMSA spec tube frame chassis with NOTHING to do with a Mazda6 in any way, including the engine that never was to be on the street. Thanks, VW.

      • NaBUru38

        December 5, 2017 at 9:39 am

        Neither are DTM cars, yet they are beloved.

    • Slicks in the wet

      December 5, 2017 at 5:03 pm

      Yeah. . Drop a chevy v8 in and race enduros. Be just like MARC Racing outta Australia. Except the 6 looks better than the 3 they use.

  9. Carefull with that Eugene, axe.

    December 5, 2017 at 9:39 am

    Ok, I will take that black 6.

  10. Passenger

    December 5, 2017 at 6:03 pm

    Why Mazda doesn’t want those cars? Do they have those cars in their museum?

    • Slicks in the wet

      December 6, 2017 at 2:18 am

      Because they were utter failures that even Mazda can’t spin into anything marginally successful..Lol..And Mazda is EXPERT at spinning pointlessness into slightly less lame.

      Note: this post made by a huge Mazda fan

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