Yeah, Speed Racer is the ur example and trope maker of most, if not all, car animes. Every modern example, like Redline and Appare-Ranman owe a great deal to it.
Initial D is the obvious answer, but beyond that, I do think the Riding Bean OVA is also worth mentioning. It's not great, but I just really like the visual style of anime from that era and it has some decent action scenes.
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