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As I recall the series who allowed and wanted chassis development failed miserably. And don't blame the IRL, CART was dead well before that. Budgets were F1 levels without nearly the income, teams couldn't afford it. It wasn't like there was this great variety of WINNING chassis. There wasn't and it was a giant dumpster fire waiting to destroy everything around it. By the end it was as pathetic as the IRL was at the start. Hell you can barely get full grids with the restricted costs and development now. And your race winning team list is as small as F1. There's no fat tobacco checks coming in or illegal drug money.
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