IROC XVI was the sixteenth year of IROC competition, which took place in 1992. It was the third year the Dodge Daytona was used in competition, and continued the format introduced in IROC VIII. Race one took place on the Daytona International Speedway, race two took place at Talladega Superspeedway, and races three and four ran at Michigan International Speedway. Ricky Rudd won the series championship and $175,000, despite not winning a race.
The roster of drivers and final points standings were as follows: [1]
| Rank | Driver | Points | Winnings | Series |
|---|---|---|---|---|
| 1 |  Ricky Rudd |
68.5 | $175,000 | NASCAR Winston Cup |
| 2 | Dale Earnhardt |
63 | $65,000 | NASCAR Winston Cup |
| 3 | Al Unser Jr. |
59 | $55,000 | CART |
| 4 | Rusty Wallace |
47 | $50,000 | NASCAR Winston Cup Defending IROC Champion |
| 5 | Harry Gant |
46.5 | $45,000 | NASCAR Winston Cup |
| 6 |  Geoff Brabham |
46 | $40,000 | IMSA Camel GT |
| 7 | Davey Allison1 |
42 | $40,000 | NASCAR Winston Cup |
| 8 | Davy Jones |
33 | $40,000 | IMSA Camel GT |
| 9 | Scott Pruett2 |
27 | $40,000 | CART |
| 10 | Hurley Haywood2 |
27 | $40,000 | IMSA Camel GT |
| 11 | Pete Halsmer |
22 | $40,000 | IMSA Camel GT |
| 12 |  Arie Luyendyk |
21 | $40,000 | CART |
- ^ IROC season statistics at racing-reference.info, Retrieved March 9, 2007