1992 PPG Indy Car World Series

Driver changes

Preseason

• On September 5, 1991, Patrick Racing announced that Bobby Rahal would leave Galles-Kraco Racing to drive the No. 20 car in 1992, replacing Danny Sullivan. One day later, Galles-Kraco Racing announced the opposite move by signing Sullivan to drive the No. 18 car vacated by Rahal in a three-year deal.
• On October 23, 1991, the newly reformed Hayhoe-Cole Racing announced that Jimmy Vasser would drive "as many as we can afford" for the team in 1992, aiming to complete the full season. Vasser had won six races on route to a second-place finish in the Atlantic Championship behind Jovy Marcelo, but was hampered by a lack of reliability.
• On November 21, 1991, A. J. Foyt expressed an intention to postpone his retirement and compete in the 1992 Indianapolis 500, which was confirmed on January 24, 1992.
• On January 4, 1992, the RAL Group announced that Brian Till would drive the No. 24 car in at least eight events, starting at the Grand Prix of Long Beach and competing in every subsequent road course event except for Vancouver. His limited schedule, later under the Robco Racing name, went on to include an additional race at the New Hampshire oval. Till finished fifth in Indy Lights points in 1991, a year after winning the Atlantic Championship driving for Robco.
• On January 8, 1992, Concept Motorsports announced that Dominic Dobson would drive their car for a part-time, 5-race schedule. It was due to begin at the Indianapolis 500, where the car would be entered as the No. 66 in conjunction with Burns Racing Team.
• On January 24, 1992, Hemelgarn-Byrd Racing announced that Stan Fox would return as the driver of the No. 91 car at the Indianapolis 500, with updated Buick engines on the same Lola T91/00 chassis.
• On February 4, 1992, King Motorsports announced an expansion of its Indianapolis 500 program to two cars, to be driven by Roberto Guerrero and Jim Crawford, having both raced for the team in 1991 and served as test drivers during the winter. It was also announced that Guerrero would drive at Long Beach as a warm-up for the 500, with no further races planned despite the increased manifold pressure for Buick engines at CART-sanctioned races.
• On February 13, 1992, Hemelgarn Racing announced that Gordon Johncock would return to drive the No. 92 car at the Indianapolis 500, this time around on the same Lola T91/00 machinery as the rest of the team.
• On February 14, 1992, Chip Ganassi Racing announced it would field a second car on a part-time basis for Arie Luyendyk and rookie Robby Gordon. Luyendyk would drive the No. 6 car at the Indianapolis 500, with the possibility of other oval races subject to additional funding. Gordon, a Ford-backed competitor with multiple wins in the IMSA GT series and off-road racing, was slated to drive at least six of the eight road course races after the Indianapolis 500.
• On February 17, 1992, Menard Racing announced that the former three-time Formula One world champion Nelson Piquet would drive the No. 27 car at the Indianapolis 500, making his Indy Car debut. Piquet had retired from Formula One in January, after finishing sixth in the last of his 14 seasons with the Benetton team. Piquet took the car that had been intended for Kevin Cogan, who was due to have reconstructive surgery on the shoulder injury he incurred in the 1991 edition. In the same announcement, Gary Bettenhausen was confirmed to return to the No. 51 for the third straight year.
• On February 22, 1992, Dale Coyne Racing announced that rookie Brian Bonner had signed a deal to compete in select races, including New Hampshire. He would eventually make his debut at the Indianapolis 500. Bonner had finished 8th in the IMSA GTP class standings in 1991, after brief appearances in the American Racing Series.
• On March 6, 1992, Dale Coyne Racing announced that Ross Bentley would drive the No. 39 car at six events, starting with the season opener at Surfers Paradise and including the Vancouver event he had raced in 1990 and 1991.
• On March 11, 1992, A. J. Foyt Enterprises announced that rookie Gregor Foitek would drive the No. 14 car at Surfers Paradise and Long Beach, being slated to contest the rest of the road course races and, potentially, the Indianapolis 500. It also confirmed that team owner A. J. Foyt would drive at Phoenix to prepare for the Indianapolis 500. Foitek, who had no family connection to Foyt despite the similar surnames, was a former Formula One driver with the Brabham and Onyx teams in 1990, and had contested a partial schedule in the World Sportscar Championship in 1991 with a privateer Porsche 962.
• On March 13, 1992, McCormack Motorsports-Arciero Racing announced the signing of Fabrizio Barbazza, who returned for his third stint with the team after the 1987 and 1989 seasons, to drive the No. 30 car. Barbazza switched from Formula 1, where he failed at all of his 12 attempts to qualify for a Grand Prix with the AGS team during his rookie season.
• As a part of his role as Penske Racing's test driver, Paul Tracy was scheduled to compete again in a third car for selected events, including the Indianapolis 500. It was reported that his schedule was limited to the oval events and potentially the two Canadian races, although Penske did not made any specific announcements beforehand. Tracy drove the older Penske PC-20 at Phoenix and Indianapolis.
• The following drivers were entered for the Surfers Paradise race and other events without a prior announcement:
• * Dale Coyne Racing signed reigning Indy Lights champion Éric Bachelart to drive the No. 19 car. Bachelart had been reported in February to have signed an eight-race deal for an unnamed team, but he ended up contesting an almost full season. Bachelart took the place of Randy Lewis, who retired from racing.
• * Leader Cards Racing would contest the full 1992 season with Buddy Lazier, who had raced for various outfits in 1991. His sponsorship package prevented the team from downsizing to an Indy 500-only program.
• * Euromotorsport Racing signed rookie Jovy Marcelo to contest the full season in the No. 50 car, and fielded the returning Nicola Marozzo in the No. 42 car on a one-race deal, both on year-old Lola T91/00. Marcelo, the first Filipino driver in Indy car racing, was the reigning Formula Atlantic champion, with the deal being signed after Marcelo contested the first round of the 1992 Atlantic Championship season in February.

Mid-season

• Newman/Haas Racing and Chip Ganassi Racing started the season with the older Lola T91/00 chassis due to the delayed delivery of newer Lola T92/00 chassis, custom-built for the Ford-Cosworth XB powerplant. At Phoenix, Michael Andretti remained in the T91/00, as Newman/Haas Racing assigned their only Lola T92/00 at the time to Mario Andretti.
• At the season opener in Surfers Paradise, Walker Motorsports fielded its second CART franchise, as the No. 17, in a joint effort with Leader Cards Racing, which provided their Lola T90/00-Cosworth spare car. The entry did not feature a driver until after qualifying, being included in the starting field regardless. On race day morning, March 22, 1992, A. J. Foyt was named as the driver in a start and park effort, to allow the entry to collect prize money.
• On March 31, 1992, a number of entries were posted for the Indianapolis 500:
• * D. B. Mann Motorsports entered John Paul Jr. to drive the No. 93 car for the third year in a row. The team entered the race one more time after they couldn't find a buyer in 1991, and announced it would shut down definitely after the race, although it would eventually return in 1993.
• * Truesports entered Geoff Brabham to drive the No. 21 car for the third year in a row. However, the effort was aborted on May 5 because of Scott Pruett destroying his primary car in a practice crash at Grand Prix of Long Beach, the lack of additional sponsorship to build a new model in time and Brabham suffering a minor neck injury in late April.
• * R. Kent Baker Racing entered Steve Chassey to drive the No. 97 car, which was supposed to be a Lola T91/00 chassis. However, neither the car or the driver took part in any practice session, and the Indy-only team disappeared.
• At Phoenix, Dale Coyne Racing entered Dennis Vitolo for an start and park effort in the No. 39 car. Vitolo drove again for Coyne at New Hampshire in the No. 19, instead of its regular driver Éric Bachelart.
• On April 1, 1992, Dick Simon Racing announced that Lyn St. James would drive the No. 90 car for the team at the Indianapolis 500 under the Paragon Racing banner, trying to become the second women in history to qualify for the race. She had previously driven in IMSA GT, with six wins in the GTO class, and Trans-Am. As a long-time Ford factory driver, St. James was scheduled to race a Cosworth engine, but she received permission to qualify and race a back-up car with a Chevrolet engine after encountering issues with her primary machine.
• On April 3, 1992, A. J. Foyt withdrew from the Phoenix event after injuring his shoulder blade in a practice crash. He was replaced the following day by veteran collaborator George Snider, who also worked as a refueller for the team and agreed to start and park the No. 14 car. This was Snider's first Indy Car start since 1987, and the first at Phoenix since 1978.
• On April 8, 1992, further new combinations were entered for the Indianapolis 500:
• * TEAMKAR International entered the Indianapolis 500 as a standalone team with rookie Kenji Momota in the No. 88 car, a Lola T91/00 with Chevrolet engines. Momota had previous experience in Indy Lights and Formula Atlantic competition, although he had not taken part in a race since 1990.
• * Dick Simon Racing entered Raul Boesel in the No. 29 car and rookie Philippe Gache in the No. 44 car. Boesel returned to Indy car racing and his first CART team after a year in IMSA GT, while Gache, the first Frenchman to attempt the Indianapolis 500 since 1940, was driving in the French Supertouring Championship after low-scoring seasons in International Formula 3000. Gache's entry, with a Lola T91/00, was an associate effort run by Formula Project, a French Formula 3 team.
• On April 21, 1992, Concept Motorsports announced that Mark Dismore would attempt to qualify at the Indianapolis 500 in the No. 66 instead of Dominic Dobson. Dismore was making his return to Indy Car competition after the extensive injuries he suffered the previous year at Indianapolis during practice. The agreement with Burns Racing Team was voided, but the car retained Burns' regular No. 66.
• On April 24, 1992, Gregor Foitek abandoned his A. J. Foyt Enterprises ride before the rookie orientation practice for the Indianapolis 500, after his wife imposed him an ultimatum to return their family to Europe. On April 28, 1992, Foyt announced that Jeff Andretti would attempt to qualify for the Indianapolis 500 in the No. 48 car. Andretti was expected to complete the rest of the season in the No. 14 car before the leg injuries he suffered in the race, though no announcement had been made beforehand.
• On April 24, 1992, Walker Motorsports announced that Johnny Rutherford would drive the No. 17 car at the Indianapolis 500, in his third attempt to make his 25th start at the race after not landing a ride in 1991. On May 4, 1992, it was announced that Rutherford would drive the rest of the season, but the sponsorship deal was voided just three days later, and the car was parked until Rutherford found additional sponsorship on May 15.
• On April 30, 1992, McCormack Motorsports-Arciero Racing announced that Jeff Wood would drive the No. 34 car, a Lola T91/00 chassis acquired to Hall-VDS Racing, for his second attempt at the Indianapolis 500.
• During the weeks of practice for the Indianapolis 500, the following driver assignments or changes occurred:
• * On May 6, 1992, Hall-VDS Racing announced that Didier Theys would drive their spare Lola T91/00 as the No. 38 car.
• * On May 7, 1992, Nelson Piquet suffered multiple leg and foot fractures in a practice crash. The next day, Menard Racing announced that four-time winner Al Unser would take over the No. 27 car, making his return to the Indianapolis 500 after not having a ride in 1991.
• * Early in May, it was reported that Raul Boesel had lost his financial backing and was working to find enough sponsorship to qualify the No. 29 car. On May 10, 1992, one day after Hiro Matsushita fractured his right femur in a practice crash, Boesel took his place in Dick Simon Racing's No. 11 car. On May 16, it was confirmed that Boesel would remain in the car during Matsushita's recovery. On May 23, Boesel signed a deal to run the rest of the season, which would see him step into the No. 23 machine once Matsushita returned.
• * On May 12, 1992, Burns Racing Team announced that Dominic Dobson would drive the No. 68 car, a Lola T91/00. It had been originally entered with a Buick engine, but Dobson's announcement was held off until the team was able to get second-hand Chevrolet engines.
• * On May 13, 1992, Hemelgarn-Byrd Racing announced that Pancho Carter would drive the No. 81 car, which had been tested regularly by Stan Fox.
• * On May 13, 1992, McCormack Motorsports-Arciero Racing announced that it had parted ways with Fabrizio Barbazza after crashing twice during the month. Two days later, veteran Johnny Parsons was announced as the new driver of the No. 30 car, while Barbazza stepped into the No. 42 car for Euromotorsport Racing.
• * On May 14, 1992, Menard Racing announced that Rocky Moran would drive the No. 59 car, two years after his last Indy 500 appearance. However, after just six practice laps, the deal was withdrawn due to Moran being too tall to fit in the tight confines of his Lola T91/00. On May 16, he was replaced by former Indy 500 winner Tom Sneva, who had failed to qualify with the same team one year before.
• * On May 15, 1992, Jovy Marcelo died in a practice crash due to blunt force trauma to the head, exactly 10 years to the date after the last driver fatality at the Speedway. The Euromotorsport Racing team, with Fabrizio Barbazza in the sister car, took no further part in the last two days of qualifying.
• * On May 15, 1992, Walker Motorsports announced that Mike Groff would attempt to qualify the No. 15T car, a Lola T92/00, which was the original primary machine for Scott Goodyear before he elected to qualify his spare Lola T91/00 car on Pole Day due to last-minute mechanical issues. The deal called for Groff to qualify the car and swap rides with Goodyear, taking over the T91/00 if both cars made the show. After Goodyear was bumped from the field, Groff relinquished his spot, and the No. 15T was again renumbered as No. 15.
• * On May 17, 1992, during Bump Day morning, Mark Dismore deserted his ride with Concept Motorsports after struggling during the month and switched to a back-up car for D. B. Mann Motorsports, labelled as No. 93T, on which he failed to qualify. Concept did not attempt to qualify after failing to reach a deal with Johnny Parsons.
• On May 27, 1992, Euromotorsport Racing announced that Christian Danner would make his Indy Car debut at the Detroit Grand Prix in the No. 50 car, vacant after the death of Jovy Marcelo. Danner, the first German-born driver in Indy car racing since Lothar Motschenbacher in the 1960s, competed in 36 Formula One races between 1985 and 1989, later racing in the Japanese Formula 3000 and the DTM with limited success.
• On June 1, 1992, Newman/Haas Racing announced that Mario Andretti would miss the Detroit Grand Prix after fracturing his toes, this being only the second time in his career he had been sidelined due to injury. He was replaced by Teo Fabi, the reigning World Sportscar champion with Jaguar, who had last raced an Indy car in 1990 with the defunct Porsche program.
• On June 1, 1992, Bettenhausen Motorsports announced that Swedish driver Stefan Johansson would drive the No. 16 car at the Detroit Grand Prix. Johansson, a former driver for the McLaren and Ferrari F1 teams with 79 career starts until 1991, replaced team owner Tony Bettenhausen Jr., who elected to reduce his schedule to the oval races after failing to qualify for the Indianapolis 500, for sporting and business reasons. Bettenhausen also announced that he would drive at Portland due to Johansson's previous commitment with Mazda at the 24 Hours of Le Mans. Johansson had previously reached an agreement to drive a second car for Truesports, which was never signed due to internal disagreements within the team.
• On June 1, 1992, A. J. Foyt Enterprises announced that Brian Bonner would race at the Detroit Grand Prix in the No. 14 car, which was set to be driven by Jeff Andretti before his injury.
• On June 3, 1992, Penske Racing announced that Rick Mears would miss the Detroit Grand Prix due to soreness in his injured wrist, being replaced in the No. 4 by reserve driver Paul Tracy.
• Other drivers were entered for the Detroit Grand Prix without a prior announcement:
• * Walker Motorsports entered the No. 17 car for Mike Groff, who didn't start the race after being a late qualifier. Groff would get to start a race in the No. 17 car later in the year at Road America, also as a late qualifier.
• * McCormack Motorsports-Arciero Racing entered Jeff Wood in the No. 30 car, which was vacant after the departure of Fabrizio Barbazza, and remained in the seat for the following five races.
• * Nu-Tech Motorsports entered the No. 28 car for rookie Jay Hill, a former champion of the SCCA Sports 2000 class who had also raced once in the Atlantic Championship.
• On June 16, 1992, Foyt announced that rookie Ross Cheever would drive at Portland instead of Brian Bonner, who claimed he had been promised a full-time ride. Cheever, twice a runner-up in the Japanese Formula 3000 standings with six wins, was hoped to race at most of the events that didn't collide with his Japanese campaign, competing in five races over the year. Bonner returned to Dale Coyne Racing, being entered at Milwaukee for practice purposes before competing at New Hampshire and Mid-Ohio.
• At Portland, Hayhoe-Cole Racing fielded the No. 17 car for Jimmy Vasser instead of their regular No. 47 as part of a partnership with Walker Motorsports, which was the entrant for the car and shared the related earnings for fielding its second franchised entry. This was done again at Cleveland, Vancouver and Nazareth, the last of which Vasser withdrew from, after fullfilling the franchise requirement by taking part in practice.
• At Portland, Euromotorsport Racing fielded an all-Italian lineup, with Nicola Marozzo in the No. 50 car and rookie Vinicio Salmi, a former race winner in the American Racing Series, in the No. 42 car, which was now a Lola T90/00 after their second T91/00 was destroyed on Jovy Marcelo's fatal crash. In the following oval races at Milwaukee and New Hampshire, Mike Groff drove the No. 50 car, while veteran Steve Chassey drove the No. 42 car, making his first Indy car starts since 1989. Chassey remained in the seat at the Michigan 500, where George Snider made a start and park effort in the No. 50 before resuming his refuelling duties for A. J. Foyt Enterprises.
• On June 31, 1992, Bettenhausen Motorsports announced that Stefan Johansson would make his oval debut at New Hampshire and complete the rest of the season in the No. 16 car, except for the Michigan 500, where Tony Bettenhausen Jr. would race instead.
• On July 2, 1992, A. J. Foyt Enterprises announced that veteran Pancho Carter would drive the No. 14 car at New Hampshire instead of Ross Cheever, who had a difficult oval debut at Milwaukee and would miss the following race at Toronto due to his racing commitments in Japan. Carter drove the No. 14 again at the Michigan 500. On July 13, 1992, Jon Beekhuis was announced as the driver of the No. 14 car for Toronto.
• On July 13, 1992, Penske Racing announced that Paul Tracy would replace Mears for the second time at the Toronto race, due to his lingering wrist issues, and that both drivers would compete at the Michigan 500 as part of a three-car effort. Penske also revealed that Tracy had been scheduled to drive the No. 7 car at his home race before Mears stepped down.
• On July 18, 1992, Hiro Matsushita announced he would not compete at the Michigan 500 after his aborted return at Toronto, where he withdrew after practice due to lingering leg pain. Boesel, who had driven the No. 23 car for the first time at Toronto, went back to the No. 11 at Michigan before Matsushita returned to the cockpit at Cleveland.
• At Toronto, Christian Danner resumed driving duties in Euromotorsport Racing's No. 50 car for all remaining road course races, later making his oval debut at Nazareth. In the same race, Vinicio Salmi returned to the No. 42 car, later racing at Road America, Vancouver and Laguna Seca.
• On July 30, 1992, Walker Motorsports announced it would enter the No. 17 car at the Michigan 500 for Jon Beekhuis, who was injured one year before with the same team at the same track.
• On August 4, 1992, Penske Racing announced that Paul Tracy would again replace Rick Mears at the Grand Prix of Cleveland, after Mears withdrew mid-race from the Michigan 500 because of his injured wrist. On August 12, 1992, it was announced that Mears would miss the rest of the season after having surgery on his wrist, with Tracy taking his spot.
• On August 6, 1992, the newly renamed McCormack Motorsports entered Jacques Villeneuve Sr. as the driver of the No. 30 car for the Cleveland Grand Prix, a deal that was extended to Road America. Villeneuve made his first Indy Car appearance since 1986, having remained active since in snowmobile racing among occasional cameos in Formula Atlantic and IMSA. On August 26, 1992, it was announced that John Jones would drive at Vancouver, later remaining in the car for the following two races. Veteran Tero Palmroth would finish the season at Laguna Seca.
• At Cleveland, Euromotorsport Racing entered Mike Groff in the No. 42 car, but he withdrew from the event after a practice crash. While Jeff Wood was initially entered to replace Groff, the car was eventually started by Tero Palmroth.
• At Mid-Ohio, Walker Motorsports fielded Dennis Vitolo in the No. 17 car, which was a team effort instead of a leased operation.
• Starting at Mid-Ohio, A. J. Foyt Enterprises hired Mike Groff to contest the final three races of the season, replacing Ross Cheever. Groff, who had already driven for the team at the end of 1991, became Foyt's ninth different driver over the year, including the team owner himself.
• At Mid-Ohio and Nazareth, Euromotorsport Racing entered the No. 42 car for Jeff Wood and Guido Daccò, both former drivers for the team.
• On September 17, 1992, Penske Racing announced that Al Unser would drive the No. 4 car at Nazareth, three years after his last race for Penske. Paul Tracy was set to drive the No. 7 car due to a previous sponsorship commitment with Mobil 1, as it had been the case at Mid-Ohio, where the No. 4 car with Marlboro colors was not run.
• At Nazareth and Laguna Seca, Dale Coyne Racing fielded Dennis Vitolo in the No. 19 car, which was its newly acquired Lola T91/00 chassis, because of Vitolo's new sponsorship, which can be traced as early as September 13, 1992. Bachelart was moved to the No. 39, although he did not took to the track at Nazareth.
• On October 17, 1992, Walker Motorsports announced that Willy T. Ribbs would drive the No. 17 car that weekend at the Laguna Seca season finale. Ribbs had driven for Walker for most of the 1991 season.
• At Laguna Seca, Chip Ganassi Racing entered Didier Theys in the No. 6 car on behalf of P.I.G. Racing, who ran the effort as their second car.
• At Laguna Seca, Nu-Tech Motorsports entered Tony de Tommaso in the No. 28 car for his first Indy car start, after failing to qualify at Denver in 1991.

Team changes

Preseason

• On January 24, 1991, Galles-Kraco Racing announced its plans to build its own car, to be named as Galmer G92, for the 1992 season. The car was first unveiled to the public on August 24, 1991.
• On August 2, 1991, Chevrolet announced that it would expand its engine program in 1992 to supply Dick Simon Racing's second car, with driver Hiro Matsushita switching from a Cosworth, and Bob Tezak's UNO Racing, who was using Judd engines. Vince Granatelli Racing also received their own Chevrolet contract, as the one they had was initially awarded to Doug Shierson Racing before its merger with Granatelli and Tezak's eventual departure in June 1991. The programme would be further expanded on September 13, 1991, with Truesports, and on January 8, 1992, with P.I.G. Racing, as both teams ditched the Judd engines.
• On October 20, 1991, Alfa Romeo announced its withdrawal from Indy Car racing after three seasons, ending its two-year relationship with Patrick Racing. On the same day, Patrick reported to the press that Chevrolet had denied the team an engine contract earlier in the month, because of a trangression in late 1989 when they had sent a unit to Alfa Romeo engineers, who tore it apart and studied it. An offer to run a limited, unsupported batch of Alfa engines was rejected, and a tentative agreement with Newman/Haas Racing to use their 1991 Chevrolet engines was discarded in November because of a lack of guarantees for rebuilds and electronics supply from Chevrolet builders Ilmor.
• On October 23, 1991, Jim Hayhoe announced the reformation of the Hayhoe Racing team, which had fielded Indy Cars in 1967–68 and 1970. The team reached a deal with Galles-Kraco Racing, who sold two Lola T91/00 chassis, facilitated the use of Chevrolet engines and recommended their test driver Jimmy Vasser. In February, it was reported that race car collector Rick Cole was a co-owner in the team, which was known as Hayhoe-Cole Racing.
• On October 30, 1991, Ford Motor Company announced its return to Indy Car racing in an official capacity for the first time since 1971, teaming up with Cosworth. The new Ford-Cosworth XB engines would be supplied to Newman/Haas Racing and Chip Ganassi Racing, with both teams switching from Chevrolet. The same day, Chevrolet announced a new version of their engine, to be used exclusively by Penske Racing in 1992.
• On December 17, 1991, former Indy Lights team Concept Motorsports announced it would enter Indy Car racing, with a five race programme starting at the Indianapolis 500. The team was owned by Cliff Haverson, a former chief mechanic for All American Racers and Patrick Racing, and was set to use a Buick engine with a Lola T90/00 development chassis.
• On December 19, 1991, Bobby Rahal announced he had bought out Patrick Racing along with his business partner Carl Hogan, a former team owner in Can-Am and Formula 5000. The organization was renamed as Rahal-Hogan Racing, signed an engine supply deal with Chevrolet and changed numbers on the car to No. 12. Former team owner Pat Patrick claimed he felt forced to sell after being 'black-listed' by Chevrolet, so the team could receive a competitive engine, and thus retain sponsorship from the Miller Brewing Company.
• On January 4, 1992, the provisionally named RAL Group, a team with former Indy Lights and Atlantic Championship experience under the Cole Performance banner, announced it would step up to the Indy Cars in 1992. The team became the first and only customer for the Truesports chassis, using the 91C model with Judd engines. The name of the team was later stablished as Robco Racing in late May.
• On January 22, 1992, Vince Granatelli Racing announced the team would be shut down after five seasons in the series due to a lack of sponsorship. Despite winning two races with Arie Luyendyk, Granatelli run half of the 1991 season without corporate support after its split with co-owner Bob Tezak.
• On February 13, 1992, it was reported that Bayside Motorsports had shut down after three seasons in Indy Car racing, leaving Jeff Andretti without a drive. The team had lost the Texaco sponsorship, and its owner Bruce Leven had sold all of his auto franchises after a costly divorce settlement.
• On February 20, 1992, Walker Motorsports announced the assimilation of UNO Racing, after Derrick Walker bought a 51% controlling stake from Bob Tezak. The team inherited the last of Scott Goodyear's three-year deal, his sponsorship and the Chevrolet engine, paired with a new Lola T92/00.
• After the Buick engines received an additional 5 inches of manifold pressure, Leader Cards Racing switched engines as a result, having raced with Cosworth powerplants since 1980. Dale Coyne Racing, which was a Cosworth customer, elected to make an Indy 500-only switch to the Buick engine, first with Eric Bachelart and then during May with Brian Bonner by acquiring a back-up car from King Motorsports.
• After partnering with Dale Coyne Racing in 1991, Nu-Tech Motorsports returned as an independent operation, entering two events.

Mid-season

• Walther Motorsports did not enter the Indianapolis 500 after failing to qualify in the last two editions, putting a definite end to the team after decades in Indy car racing. Driver Salt Walther was arrested in March 1992 over the theft of a golf cart owned by the Indianapolis Motor Speedway after the 1991 race.
• For the 1992 season, Arciero Racing changed names to McCormack Motorsports-Arciero Racing, reflecting the ownership change that had already taken place the previous season between team manager Dennis McCormack and franchise owner Frank Arciero. In August 1992, the team came to be known only as McCormack Motorsports, as both entities were set to split for 1993.
• For the Indianapolis 500, Dick Simon Racing entered cars for Scott Brayton that featured both its regular Chevrolet engines and stock-block Buick engines, built by Brayton Engineering. After practising with both cars, Brayton elected to qualify with a Buick.
• After failing to qualify for the Indianapolis 500, and the departure of its former driver Dominic Dobson, Concept Motorsport failed to appear at any other race during the season due to a lack of sponsorship, and was closed shortly after.
• After missing the New Hampshire race, Leader Cards Racing struck a deal with Hemelgarn Racing to lease its racing operation for the remainder of the season. The car was run in Hemelgarn colors, and it switched to a Chevrolet engine from Cleveland onwards. Although it was reported during the year that Leader Cards had closed up shop, the team retained its franchise and retook control after the season.

Schedule

Point standings

Results by entrant

• Only full-time entrants and points scoring cars shown.