Today at the Xbox and Bethesda Games Showcase Playground Games has revealed the newest addition to the Forza Horizon franchise. The fifth game in the series is set in Mexico and launching on November 9th. It will be available for Xbox Series X|S, Xbox One, Windows 10 and Xbox Game Pass. The game includes raytracing for Xbox Series X|S (in the Forza Vista mode), the battle royale mode The Eliminator and piñatas.

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Note that the raytracing is only for the Forza Vista mode where you look at the cars up close, not the gameplay where you drive or anything. 😉
Thanks! Will edit.