The Brackley-based squad has endured a tricky campaign with its W13, which has suffered badly from porpoising and not delivering enough performance to match Red Bull and Ferrari .
The team’s chances of making a swift recovery have been further hampered by the cost cap, which means it could not afford to make changes to its current challenger in-season that it knows would have made it quicker.
But with budgets being reset for next year, and the team now having a much greater grasp of where the W13 is lacking, Mercedes is optimistic of the level of progress it will make with its W14.
Asked by Motorsport.com where Mercedes is with its understanding of the 2023 car, team boss Toto Wolff said: "To turn the ship in this industry is a little bit like an oil tanker.
"First you have to unde