McLaren has announced plans to produce an all-new sportscar, codenamed P13, which will be available before the end of 2015 and will take its range into a lower price point.

The company said that the McLaren P13 “will be a comfortable, usable, and beautiful mid-engined two seater sportscar, built around a carbon fibre chassis. It will be available in more than one derivative and once fully on sale, McLaren Automotive’s total annual production will increase to around 4,000 units per year.”

The company also confirmed that they plan on producing an all-new track-only version of the McLaren P1. Scheduled to be launched in 2015, the model will be available exclusively to customers who have already purchased a street-legal P1.

Not much has been revealed about the vehicle, but McLaren promises it “will be the company’s most powerful car yet” and it will “also be its rarest.”

McLaren further confirmed they made an operating and pre-tax profit for the first time in 2013, during only its third year of car production thanks to increased sales. However the company expects that figures will rise even more in 2014.

Commenting on the results, Ron Dennis, Chief Executive and Chairman of the McLaren Group and Chairman of McLaren Automotive, said: “Since launch, McLaren Automotive has outperformed predictions and rivals, setting new benchmarks in the sportscar market with a range of models that push boundaries through innovation and technology, while remaining true to the core values of the brand. The latest financial results, and returning a profit so early in the life of the company, are a real credit to the tremendous team within McLaren Automotive, and reflect their hard efforts.”