Description
In 2003, Panoz decided to resurrect GTR-1 chassis #003 (formerly run by David Price Racing) to run as a closed-cockpit Le Mans prototype before the company switched to the new Esperante GT-LM GT2 car. The car was entered in the 1000km of Le Mans and run by the factory JML Team. The car did not finish due to electronics problems.

Following this event, the car was purchased by French team Larbre Compétition and further modified, being renamed the Panoz GTP to reflect its change in class. The modified car would debut at the 2004 12 Hours of Sebring, finishing 9th overall. The car would next appear at the 24 Hours of Le Mans, where it dropped out of the race early on. A final appearance was made in the Le Mans Series event at Spa-Francorchamps, taking 14th place. The car would finally be retired for good after the 2004 season.

Features
- Engine: Elan Power Products V8/90° 2v OHV 5983 cc N/A 2 x 31.3 mm inlet restrictors
- Chassis: #02, #03-2002
- Includes: 1998 Panoz Esperante GTR-1 and 2004 Panoz Esperante GTP (Reynard) Pack 1.0

Credits
Original: F302
Team: RMS
Model improvements: F302, Fullnoise, Peugeot905
Physics: Fullnoise, Peugeot905
Sound: Fullnoise
RMS Team, Fullnoise, F302