The term sports car has been defined as "an open, low-built, fast motor car". However, the term is used more generally to describe a class of automobile, typically of two seats and two doors, with precise handling, brisk acceleration, sharp braking, and attractive aesthetics. A sports car makes trade offs in practical considerations such as passenger space, comfort, and cargo capacity in favor of those traits which enhance the joy of driving it.

Sports cars can be either luxurious or spartan, but driving mechanical performance is the key attraction. Many drivers regard brand name and the subsequent racing reputation and history as important indications of sporting quality (for example, Porsche and Lotus), but some exotic car brands, such as Lamborghini, which do not race or build racing cars, and Ferrari, are also highly regarded by sports car enthusiasts. One definition that may be used to differentiate between a sports car and an exotic car is the number of vehicles in existence.

A possible rule of thumb is the expectation that fewer than 8,000 cars are produced each year by an exotic car manufacturer, while a mass manufacturer of sports car may produce model numbers into the tens and hundreds of thousands.

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