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Lewis Hamilton insists Ferrari are the favourites for new F1 season

But Vettel claims Mercedes are still in front while Hamilton remains wary of threat from Red Bull; Season-opening Australian GP starts at 6am on Sunday

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Lewis Hamilton says Ferrari are favourites for the Australian GP but is confident Mercedes can be the first team to win back to back titles after a big rules change

Lewis Hamilton has insisted Ferrari start the 2017 Formula 1 season as favourites.

Hamilton's Mercedes team have won three successive world championship doubles since 2014 but were consistently outpaced by the Scuderia in winter testing following the sport's rules refresh.

"Ferrari are the quickest at the moment, they're definitely the favourites," said Hamilton ahead of this weekend's season-opening Australian GP. "Their pace was great in testing."

While testing is a notoriously unreliable indicator of the true pecking order heading into a new season, Mercedes and Ferrari are thought to be closely matched at the front with the Scuderia possibly holding a slight advantage.

"It is very clear who is the favourite," responded Sebastian Vettel. "We are trying our best to catch up."

But speaking later to Sky F1, Hamilton maintained that Mercedes' fear they have been overtaken was genuine.

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How to Sky F1

All the ways you can watch and follow Sky Sports F1 in 2017

"They were the quickest in testing, we couldn't match them," he said. "So when we get out there this weekend it'll be interesting to see where we've come from testing, what we've learnt and how we apply it, and really where we do stand.

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"It is unknown whether we're level, they're ahead, or they're behind."

Red Bull surprised most observers during testing by introducing an unexpectedly-minimalist car and then ran inconspicuously during the eight days of action at Barcelona. But Hamilton remains wary of the team which dominated F1 before Mercedes claimed supremacy at the start of the sport's hybrid power era.

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In a year of dramatic change, watch Sky F1's 2017 season opener ahead of the Australian Grand Prix.

"I'm very keen to see what Red Bull bring because they were quite a long way behind through testing - at least compared to Ferrari," he said. "I assume they are bringing something here which I am excited to see."

Stung by a series of backfiring overly-optimistic predictions in recent seasons, Ferrari have kept their public pronouncements to a minimum ahead of the new campaign. But the team's talking on track during pre-season testing offered a compelling hint they had caught Mercedes as Vettel and team-mate Kimi Raikkonen frequently appeared at the top of the timesheets.

"Mercedes have been in very strong form over the last three years and even though we have changed the rules and regulations if a team is strong they will be strong the year after no matter what you do with the rules," said Vettel.

Despite winning all-but one of the last seven championships, Vettel and Hamilton have rarely fought each other on track - neither has been runner-up to the other in any of their title-winning campaigns. But Ferrari's winter surge has apparently set the stage for an overdue battle between the three-time and four-time world champions.

"I would love that and l think the fans would love to see that," said Hamilton.

When's the Australian GP on Sky?
When's the Australian GP on Sky?

Lights out for the 2017 season curtain-raiser at 6am on Sunday March 26

If only Fernando Alonso could join in the fun too. The Spaniard, still considered by many to be the best driver in the sport, is facing up to another year on the periphery at McLaren with his absence at the front seemingly the only guarantee heading into the new season.

"But we need this guy to have a good car so that he can get up there and fight with us," acknowledged Hamilton. "The sport needs that and he deserves that. You want to be racing against the best."

In the meantime, the long-awaited fight between Hamilton and Vettel will just have to do.

Watch the Australian GP, the first race of the 2017 Formula 1 season, live only on Sky Sports F1 this weekend and in incredible Ultra HD for the first time! The race begins at 6am on Sunday. Check out all the ways to watch F1 with Sky Sports - including a NOW TV day pass for £6.99!

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