Depends on what kind of track you are talking about. There are 4 different tracks:
1) Road course
2) Autocross course
3) Drag track
4) and Rally
At an autocross it's usually the driver's skill which can make you a winner, not how fast the car is. And there's also a handicap system called an RTP index, which evens the playing field so you can see if a Ferrari is really faster than a Civic depending on the class and the RTP index.
At one autocross I beat a Carrera 4 on DOT R tires with over 400hp with my 91 Civic Si on Falken Azenis with 100hp. That course was over 120 seconds long.
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Autocross Help Page