This is the Octan-Arrowhead Panther V, very similar to the Panther IV.
The arrowhead design team continued the strong lines and low slung agression of the earlier car on to this model.
And the new 'Dark Octan' racing colour scheme proved popular with the Martian boy racers.
Similar looking vehicles were available on Earth but of course had very different construction and engines.
The huge dirty burning martian engines might be good when you are trying to encourage a greenhouse effect as part of the terraforming of Mars,
but not so good for hot and over-populated Earth!
The Octan-Arrowhead team shown here won the 21st Martian Polar Pavonis Rally
which takes place annually (a Martian year is 687 days) between Schmit Ice Base at the Southern pole and the MSA Research station at Pavonis Mons, near the Martian equator.
The race is a martian tradition commemorating the emergency transport of oxygen to the base in the first years of settlement.