McRae's death was met by much grief from former colleagues, rivals and fans alike. The announcement of his death took place during qualifying for the 2007 Belgian Grand Prix with ITV commentator James Allen informing viewers of his death. Formula One driver David Coulthard, a good friend of McRae, who was due to represent Scotland along with him in the Race of Champions at Wembley Stadium on 16 December, described him as "an understated yet fantastically talented individual", he also announced that he would race the 2007 Japanese Grand Prix with a helmet livery similar to that of McRae's as a tribute. During the finale of the 2007 Scottish Rally Championship, the "Colin McRae Forest Stages" held in Perth in September 2007, there was no number 1 car as McRae had been due to drive the course car on the event. Instead, his car was parked at the starting point of the rally, where fans were able to sign a book of condolences.
Most of the works drivers of the 1950s were amateurs, paid little or nothing, reimbursed their expenses and given bonuses for winning (although there were certainly exceptions, such as the Grand Prix drivers who were brought in for some events). Then in 1960 came arguably the first rallying superstar (and one of the first to be paid to rally full-time), Sweden's Erik Carlsson, driving for Saab.