In 1995 Ferrari introduced a race ready F355 Challenge model for use specifically in the Ferrari Challenge.The Ferrari F355 Challenge model was created by starting with a standard Ferrari F355 Berlinetta model and modifying it with a $30,000 factory-to-dealer supplied kit. The kit initially required 110 hours to install, and included the following components/modifications:
Competition clutch
Fast steering rack
Competition steering wheel
Loud and quiet lightweight exhausts
Rollcage
Racing seats
Safety harnesses
Fire extinguisher
Engine cutoff switch
Manual radiator fan control, upgraded fans
Carbon fiber rear wing
Upgraded 14" Brembo brakes
18" Speedline wheels
Pirelli racing slicks
Solid suspension bushings and competition springs
Front and Rear brake cooling ducts
Challenge black rear grille
Lightened front bumper
Lightend headlight replacement buckets
Front and rear tow hooks
The F355 Challenge shares the same engine performance and physical dimension specifications as the original. 108 were produced, all with the 6-speed transmission (except for 1 that was equipped with a F1 gear box for a handicapped client). There were 18 RHD cars imported by Ferrari UK and modified by MHT. Some of these rare cars have now been converted to be street legal. Each F355 Challenge has an emblem on the rear that specifically denotes 'F355 Challenge'.