The car had a delayed start in 1992 being debuted at the Spanish Grand Prix while the team made do with an upgraded version of their 1991 challenger for the opening three rounds.

The car was quite competitive with Michael Schumacher and Martin Brundle scoring many podiums with it. Schumacher, in his first full F1 season, came of age as a Grand Prix driver when he won the rain-affected Belgian Grand Prix after a clever pit strategy put him in the lead and he was never bothered.

The car had a very well designed, nimble chassis and it made the most of the disadvantages it inherited with the under-powered Ford V8. It did not have the sophisticated driver aids of its rivals, lacking traction control and ABS.

When Martin Brundle drove the B192 again in 2008 at Silverstone, he recalled that although it was slightly tail-happy, it was very comfortable to drive and said of it "...I can live with it, it's great!". It was a substantial improvement over the previous year's car which Brundle described as being "very heavy on the steering", "a real challenge to drive ... and sometimes it felt like a bathtub with a loose wheel".

Benetton eventually finished 3rd in the Constructors' Championship after scoring points in every race of the season, with Schumacher even finishing 3rd in the Drivers' Championship with 53 points, perhaps surprisingly ahead of reigning world champion Ayrton Senna, who won three races to Schumacher's one but who struggled with retirements.

Although not held in awe like some of its more successful contemporaries, the B192 was recognised as a step forward for the Benetton team. Rory Byrne's philosophy of "evolution not revolution" meant that many of this car's features were integrated into the design of Schumacher's title-winning '94 and '95 Benettons.

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Wikipedia