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Shortly after 1.20am on Sunday (July 31), police received a report of a collision between a car and a bicycle in Hylton Road, Sunderland.
Emergency services attended the incident but the cyclist, understood to be a man in his 40s, was pronounced dead at the scene.
Northumbria Police said their next of kin have been notified and specialist family liaison officers are providing support.
Police have appealed for witnesses to come forward.
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The vehicle believed to be involved – a snapper blue BMW 2 Series Gran Coupe – had already left the scene when officers arrived.
Police have said it is possible there were also passengers in the vehicle.
Inquiries are ongoing to identify the occupants and police are encouraging those involved, or anyone who saw the incident, to come forward and help with the investigation.
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Sergeant Dave Roberts, from Northumbria Police, said: “This is clearly a very serious and sad incident which has resulted in the death of a man. Our thoughts are with his family at this devastating time.
“They deserve to know the full circumstances surrounding this incident and we are committed to identifying and locating the occupants of the vehicle involved, which we believe is a blue BMW Gran Coupe.
“I would encourage the driver or any occupants to make themselves known to the police and hand themselves in at the nearest police station as soon as possible.
“I am also appealing to any members of the public who witnessed this collision, or who were in the area of Hylton Road at the time and may have dashcam footage showing a blue BMW, to get in touch.
“Your information, no matter how small or insignificant you think it is, could be crucial to giving the man’s family the answers they deserve.”