Racer Knights of Falconus (2005)

From the publisher:

Speed and Valor Bring Victory

Enter the arena to race for glory! Choose your Racer Knight from the five species attending Falconus Academy—choose an elegant alfar, a mad gremlin, a brutish ogre, a human wizard, or a cunning serpid. Build your racer from a wide variety of engines, weapons, and more. Seize the win by completing the race first, or pummel your competitors so you’re the last Racer Knight on the track. And the crowd goes wild!

This is a "constructible strategy game" from Arthaus Publishing (an imprint of White Wolf).