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A Pontiac buddy of mine in Texas bought a new 2003 Mach 1. He's a racer at heart, and definately knows how to shift (he also has an 11 second street driven Firebird). He bolted on a set of Nitto drag radials onto his new Mach 1, and hit a 12.99 @ 106.2 mph in some good air. At first I thought it wasn't that big a deal, because Z06's and Vipers are quicker, plus he had to do it on drag radials. But when you sit back and realize that for around $25K, the guy has a brand new, warrantied car, that's a solid low 13 second daily driver.
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When I go to Memphis Motorsports Park one of the spots in our trailer is occupied by a buddies '02 SS Camaro (M6, 4.10, all the goodies). It's stone stock except for the gears and a set of Nittos, and I've seen him go 12.45@107+. I shudder to think how quick a base Z or Formula would go since they don't have to carry all the weight from the extra bells/whistles!