The most common and most likely answer to this crossword clue is the 8 letter word DRAGSTER
I've seen this crossword clue in Financial Times
D
R
A
G
S
T
E
R
More clues leading to the result DRAGSTER
- Car judge reversed across street
- Pulls out eventually edging away from very fast car
- Street covered in smoke, let me see fast car
- Look back across road — that’s a fast car
- Drive with more speed, no top covering German racing car
- Look up when crossing street for fast car
- Fast car in Gerard Street crashed
- Obstacle to progress that’s almost serious for Santa Pod racer
- Crossing street, observe reversing car
- Guy at side of street getting into the German racing vehicle
Buddy explains!

The cryptic/wordplay part
In cryptic crossword there's often an wordplay/cryptic part as well.This part involves a more complex hint, such as an anagram, homophone, hidden word, etc.
Sadly, We don't have an explanation for this specific crossword clue yet.
What does DRAGSTER mean?
DRAGSTER noun- A heavily modified or custom-built vehicle used in drag racing.
- One who takes part in drag racing.
- A drag queen.