1987 IndyCar season Teams and drivers Teams and drivers

| Team | Chassis | Engine | Drivers | Sponsors | Rounds |
|---|---|---|---|---|---|
| Raynor | Lola T8600 | Cosworth | Phil Krueger | Raynor Garage Door | 3 |
| Raynor | Lola T8700 | Cosworth | Derek Daly | Raynor Garage Door | 4-15 |
| Truesports | Lola T8700 | Cosworth | Bobby Rahal | Budweiser | All |
| Truesports | Lola T8700 | Cosworth | Didier Theys (R) | Budweiser | 15 |
| United Oil | March 87C | Cosworth | Steve Chassey | United Oil / Life of Indiana | 3 |
| Walther | March 86C | Cosworth | Rocky Moran | Walther | 3 |
| WENS | March 86C | Cosworth | Rick Miaskiewicz | Pizza Hut / WENS | 3 |