It's an exciting time for racing game fans. Later this year, the PlayStation 5 and Xbox Series X will go on sale for the holiday season, marking the start of a new console generation. Last month, we got our first look at Gran Turismo 7 running on the PlayStation 5.

Now, the latest entry in Gran Turismo's rival series Forza Motorsport has been shown off for the first time on the new powerful Xbox Series X hardware. Rather than continuing the numbered series, the eighth game in the Forza Motorsport series (not including the superb Forza Horizon spin-off series) is simply called 'Forza Motorsport.' Developed by Turn 10 Studios, Forza Motorsport is described as a "reimagining of the series."

Forza Motorsport will take advantage of the powerful Xbox Series X hardware, running at a 4K resolution and 60 frames per second, so the graphics will be more detailed and the gameplay will be smoother than ever before. A brief one minute-long trailer gives us a first look at the Forza Motorsport reboot, and the graphics are clearly a massive step up from Forza Motorsport 7, which released in 2017. Car models are impeccably detailed, and the lighting and reflections look noticeably more realistic. All of the footage was captured using the in-game engine.

Judging from the trailer, the new Forza game will have a stronger focus on motorsport racing than previous titles as numerous racing machines are shown battling it out at Laguna Seca. An official car list hasn't been announced yet, but some of the extreme cars shown in the trailer include the incredible 780-hp Apollo Automobil Intensa Emozione hypercar, the BAC Mono single-seater, and the Lola B12/80 endurance racer.

Expect the final game to feature hundreds of cars to collect and race. They will also handle more realistically than before thanks to a new tire model and suspension system developed for the game. We just hope there will still be a large selection of road cars to satisfy gearheads.

There's no release date yet but Forza Motorsport is still early in development, so it probably won't be a launch title for the Xbox Series X console later this year. Instead, racing game fans will have to get their fix from Codemasters' new off-road racer DiRT 5, which will be available when the Xbox Series X launches. We can't wait to see Gran Turismo 7 and Forza Motorsport, two of the most popular console racing franchises in history, go head to head. Unlike Gran Turismo 7, Forza Motorsport will also be available on PC.