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Trying to compare a $3.5m/year privateer class that has pretty vague equalization between chassis to a $25m/year factory class where all the performance parameters of the car are fixed does not work.
LMP2 has approximately the technology and cost level necessary for its performance requirements and is reflected in large competitive fields, which is an okay tradeoff for more technical freedom.
Meanwhile the hypercar class is 7-8x as much money for less (rather nearly zero) performance differentiation and a fraction of that worth more speed. There's no benefit, only the loss of any chance of decent field sizes, resulting in a terrible competition on every level. It manages to make DPi look like a good idea, and that's just plain spending twice the money on LMP2 cars to make the fields smaller and the racing worse.
In other words spec racing usually trades freedom of technology for more freedom of entrants, while spec racing at this price point and base technology requirement is trading both for guaranteed advertising for a few manufacturers able to play.
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