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Ginetta Reveals Pricing Structure for LMP1 Car

Ginetta LMP1 priced at $1.67 million, plus engine lease…

Image: Ginetta

Image: Ginetta

Ginetta has released the pricing structure and further technical details of its LMP1 non-hybrid car, which will debut in the FIA World Endurance Championship next year.

The yet-to-be-named car will be priced at £1.34 million ($1.67 million) for the rolling chassis and electronics, with the engine lease and full technical support an additional £594,000 ($744,282) per year.

It is the first modern-day LMP1 constructor to detail pricing, in what Ginetta Commercial Director Nick Portlock feels is a competitive option for teams looking to step up to the top prototype class.

“The whole idea was for us to simplify it,” Portlock told Sportscar365. “The car is £1.34 million. That’s a rolling chassis and ready to go.

“By putting the price of £594,000 [for the engine lease], that’s the technical support, all the running through testing and the season. It’s an all-in cost.”

The car, powered by a 3.4-liter V6 turbo from Mecachrome, is expected to begin on-track testing in September, according to technical director Ewan Baldry.

Baldry said the design concept, generic body shape and suspension geometry has already been defined, with 30 different whole-car CFD calculations completed through its partnership with Adrian Reynard’s Auto Research Center in Indianapolis.

Former Williams engineer Andy Lewis, who has spent the last four years involved in the aero testing of Porsche’s 919 Hybrid, has been confirmed as the Head of Aerodynamics, with Peugeot 908 designer Paolo Catone on-board as a consultant and Williams Advanced Engineering tasked with wind tunnel testing.

Italian firm ARS Composite Structures, meanwhile, will be building a run of ten chassis, which Ginetta Chairman Lawrence Tomlinson is targeting up to six cars being on track by as early as next year.

“The dream would be three two-car teams, which would be absolutely fantastic,” Tomlinson told Sportscar365.

“Is that possible over the course of the project? Absolutely. Is that possible during the 2018 season? I think it’s optimistic but not impossible.

“I don’t think there’s any doubt in Year One there will be three-plus cars, from the interest out there.”

Tomlinson said they’ve been in discussions with “lots of different people,” with Manor understood to be moving forward with its plans to expand to the LMP1 ranks.

Rebellion Racing’s Bart Hayden, meanwhile, was among those present at the British constructor’s formal launch of the LMP1 project Thursday at Silverstone.

While the name of the car hasn’t yet been disclosed, Tomlinson said that it would “very likely” would be a G-number, in line with the brand’s other models.

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. guest

    April 13, 2017 at 9:57 am

    $2.5 million battling it out for last place. Great deal.

    • Harry Manback

      April 13, 2017 at 10:09 am

      One of the Porsches and one of the Toyotas just need to make contact with each other and you’re on the overall podium. Not bad odds.

      • guest

        April 13, 2017 at 10:45 am

        That’s a ridiculous mentality…hoping people in front crash just so you can get some points. They’ll still never be on the top step. Too much money for so little.

        • Harry Manback

          April 13, 2017 at 11:04 am

          It is not a “mentality” as much as it’s a logistical possibility. It’s racing – sh!t breaks… if you apply Occam’s razor, when you only have a maximum of (4) cars in front of you, two of those are standing between you and the podium, and if those two cars have significantly more complex parts to fail, there is a greater possibility of you passing said cars.

          It’s not “hoping people crash”, it’s understanding statistics and capitalizing on it. I never said they would win; the likelihood of all (4) Hybrids having catastrophic issues is slim… but two of them? We saw that multiple times last season.

    • KW

      April 13, 2017 at 1:52 pm

      Motorracing isn’t all about overall wins. It can be a great deal to be able to compete on a high level of performance, finishing just behind the big manufacturer teams. If the LMP1 class can get back to a field of 7 to 10 cars at Le Mans, finishing 5th behind Porsche and Toyota will be more in the focus than finishing 1st in LMP2 and maybe 9th overall. For many pro drivers, it will then be a bigger challenge to compete in an LMP1 car than in a restricted LMP2 where you are dependent on the question if your “Silver” teammate is better than the “Silvers” of the other lineups.

    • GTurner38

      April 13, 2017 at 7:19 pm

      If there are six of those, the ByKolles car, and the SMP Dallara, then they are fighting for fifth out of 12 and top step of a separate podium ceremony. It’s hardly fighting for last place and is what most of LMP900/LMP1 was doing from 2001 through 2011.

  2. Eric

    April 13, 2017 at 10:06 am

    What’s is the price tag of buying a LMP2 chassis + leasing engine and tech. support?

    • stuart

      April 13, 2017 at 12:19 pm

      I think they have a cap of $550-600,000 then the motor

  3. JohnDoe

    April 13, 2017 at 10:06 am

    With more than three contenders, they will be a standalone LMP1-L (Private) class. So you’re not battling the hybrid P1s but fighting for the class win.

    • GR88

      April 13, 2017 at 11:24 am

      There’ll no doubt be a teams championship. But the intention of these new cars is to be in the same performance envelope as the hybrids. That doesn’t mean to toe at all times. But if they have a niggle, a bad set of tyres etc., they should be able to apply pressure.

  4. N8

    April 13, 2017 at 11:59 am

    Based on what we saw at Monza, the struggle for these cars is going to be staying ahead of the 2017 P2’s. I’m not sure the new gap between P1-H and P2 is wide enough to try and slot a category in between them.

    • Tyler Sanders

      April 13, 2017 at 12:13 pm

      That is exactly what i was thinking also they are trying to slow down the LMP1-H at the same time. Every time LMP1 run under 3:20 at Lemans they want to slow them down. But current lmp2 are expected to run 3:26’s to 3:27’s basically the same pace last last years Rebellion R-one. It is interesting to see how they implement the class.

    • TF110

      April 13, 2017 at 2:00 pm

      The new P1 private cars are supposed to have something like 700-800hp with their relaxed fuel flow and weigh 830-850kg. The new P2’s have 600hp and weigh 930kg. It’s a no-brainer that these cars are going to be much faster. The ACO will have to decide if they are too fast because the factory cars are going to be in trouble with all the slowing down they’ve been getting.

      • Tyler Sanders

        April 13, 2017 at 2:40 pm

        Looking at the Rebellion R-One was able to run 3:26’s with about 500-550hp and a weight of 830kg with. 700hp i think that would make the LMP1-L to fast unless the ACO wants them to run LMP1-H times.

        • Stan

          April 14, 2017 at 5:44 am

          Rebellion had a lot more than 500-550hp. More like 650, however the car was not on the weight limit, closer to 900 than 830.

  5. Edgar

    April 13, 2017 at 12:25 pm

    So maybe P1-L class can be for customer cars from car and engine builders that didn’t a spot in ACO’s P2 cool kids club.

  6. tobinsmith

    April 13, 2017 at 12:58 pm

    Who wouldn’t want to run with the big boys if you had enough money to do so, regardless of where you finish (as long as you can). I’d love to be part of a program that gets to compete at this level with all the pageantry that Lemans brings. Who cares that someone wants to do this, good on them. Rebellion kept my interest with their car color/design and guts. Why can’t a Ginetta?

  7. #1 FIN HATER

    April 13, 2017 at 3:38 pm

    taking out a loan now. my low quality comments are hopefully good enough collateral

  8. You have Autism

    April 14, 2017 at 1:29 am

    LMP1 will become a 1 car ByKolles class. Rebellion are more content in LMP2. SMP money launderers car won’t come to fruition. Ginetta won’t sell any. Toyota will pull out after 2017. Porsche will leave as VAG pools all group resources for F1.

    • Stan

      April 14, 2017 at 5:45 am

      SMP will definitely happen and Ginetta will sell some cars, but not 10 that’s for sure.

  9. SRoss37

    April 24, 2017 at 1:32 pm

    The LMP1 non hybrids are fast, it’s the team/engine/combo that is keeping them off the pace. Remember the “lotus” that was on fire every race? These cars are less than 10% of the cost of the P1 hybrids, of course they aren’t as fast. Obviously the rules in place would allow them to be competitive but you need the cash and the team (not to mention drivers). It’s not the class or the rules keeping the non-H cars off the pace.

  10. Paul Smith

    June 20, 2017 at 11:16 am

    So in the wake of this year’s LM24H and the failure of Hybrid’s, anyone still think this is a bad idea? Two LMP2 cars on the overall podium. If more privateer P1’s had entered, they could have been there too or even got a win.

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