It looks much much better than the previous one. Colourwise that is, because it's still basically a one-colored car with decals on it. But definitely better.
The decals still seem a bit, uhm... big, can't find a good word. It makes it look very crowded. I usually take 1 or 2 brands to be the "main sponsors", and make the others smaller and supplemental. In this one everything is big. Could be a matter of personal preference but if you take a look at real racecars, it's often like that. Well, apart from skins in the "drifting scene" but those skins are horrible anyway (imo).
And loose the carbon bonnet, it looks really out of place, as it does on every skin I have ever seen with that thing (imo)