Chapman's basic requirements for the design were for a car of 1100 lbs powered by an 85 bhp engine and a maximum speed of 125 mph.
However, from a practical point of view, the frame had limitations, mostly regarding maintenance; in order to install the engine, it had to be disassembled and then reassembled inside the framework.
The spaceframe retained the divided front axle independent suspension that Chapman had employed on his earlier cars, and used a de Dion layout with inboard brakes at the rear.
In its first race at Oulton Park, Chapman set the fastest lap of the day in Mark VIII prototype, which was designated P3, but had to retire because of a blown head gasket.
The earlier cars are today considered rare and highly valued collectible automobiles — even museum pieces — but can still be seen raced in vintage events.