Both Venturi Larrousses were ready for the start of the season, which began with the 1992 South African Grand Prix; although Gachot retired with suspension damage after an accident, Katayama finished 12th. Both drivers finished the 1992 Mexican Grand Prix, with Gachot in 11th leading Katayama home. The 1992 Brazilian Grand Prix saw Gachot succumb to suspension troubles, whilst Katayama came home in ninth. The 1992 Spanish Grand Prix saw Katayama fail to qualify for the first time that season, and Gachot retire mid-race with engine failure. Things did not improve much for Venturi Larrousse at the 1992 San Marino Grand Prix, as both drivers span out within eight laps of each other. Gachot would score Venturi Larrousse's first point of the season at the 1992 Monaco Grand Prix, where he came home sixth; a lap down on the leaders, but ahead of six other finishers. By contrast, Katayama had failed to even pre-qualify for the race. This would prove to be the high point of Venturi Larrousse's season; the next three races saw both drivers either disqualified or retire each time. It was not until the 1992 German Grand Prix that a LC92 finished another race; Katayama crashed out on lap eight, but Gachot came home 14th. After a double retirement at the 1992 Hungarian Grand Prix, both cars were classified at the 1992 Belgian Grand Prix; however, they were the last two classified, and Katayama had spun out on lap 40. Both cars retired again from the 1992 Italian Grand Prix, but, as Katayama had completed 50 laps, he was classified in ninth place. Another double retirement followed at the 1992 Portuguese Grand Prix, before Katayama took 11th at the 1992 Japanese Grand Prix. Venturi Larrousse ended the season with a double retirement at the 1992 Australian Grand Prix. Their single point secured them 11th in the constructor's standings, with Gachot classified 19th in the driver's standings.