The CCGT was created for the sole purpose of racing in FIA GT1. As the car was being finished, the regulations in FIA GT1 were changed. Now a minimum of 350 examples of the actual model that is going to compete must be produced per year. As Koenigsegg's production volumes are much less than this, we have not been able to enter the car in GT1 racing.

The one existing car showed very promising results in its testing program and has laid the foundation for Koenigsegg's future racing aspirations. The CCGT is still driven several times per year for closed track sessions and events such as the Goodwood Festival of Speed.

The CCGT is built according to the FIA GT1 regulation, with a normally aspirated engine version of the Koenigsegg V8, producing aprox 640 hp. There is a sequential 6 speed racing gearbox that can be paddle operated. The car, without ballast weighs under 1100 kg, which means that the Ballast can be placed optimally in order to met the mandatory weight.

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