If that's your bar for "piece of crap" you sir have very very high standards!
Ever played Roadsters or Spirit of Speed? XD Project Cars is practically the Ocarina of Time in 1998 in comparison!
Well its FPS was in the mid 30s during stress testiny. It also was plagued with bugs at launch for me, and the controls where all wacky. I ended up trading it for 30$, it was a waste of money. And isn't it not even coming to the Wii U at all?
That's higher than the max frame rate on games like Roadsters :p still plagued with bugs 15 years after release and controls also dreadful XD