Construction was of wood, with a single-spar wing of symmetrical airfoil section, the spar having spruce flanges and a birch plywood web.

[1] The type was developed into the Caudron C.450 and C.460 racers, which won the Coupe Deutsch de la Meurthe in 1934, 1935 and 1936.

During trials for the Coupe Deutsch de la Meurthe the C.362 was flown by Caudron's chief pilot Raymond Delmotte to establish two world speed records for light aircraft, covering 1,000 km (621 mi; 540 nmi) at 332.88 km/h (206.84 mph; 179.74 kn) and 100 km (62.1 mi; 54.0 nmi) at 333.77 km/h (207.40 mph; 180.22 kn) [2][3] On 24 May Ludovic Arrachart was killed when his C.362 crashed after an engine failure while he was taking part in the trial flights for the Coupe.

The remaining aircraft, flown by Delmotte, finished second in the contest, completing the 2,000 kilometres (1,243 mi; 1,080 nmi) in 6h 52m 5s, a speed of 317.04 km/h (197.00 mph; 171.19 kn).

[5] The C.366 was flown to second place in the 1934 Coupe Deutsch de la Meurth by Louis Masotte, fitted with a Levasseur variable-pitch propeller.