The Australian auto industry is about to experience a major downshift as GM, Ford, and Toyota all halt their local manufacturing hubs. This means Australia will become an import-only country when it comes to automobiles, ending decades of an admittedly small but unique segment that was particularly obsessed with rear-drive, V8 vehicles.

But it’s not like all those awesome sedans and utes are just going to disappear, as there are decades worth of incredible vehicles to draw upon. This Ford Falcon XY may be over 40 years old, but it can rocket down a quarter-mile drag strip in just over eight seconds in a both practical and stylish way.

The Ford Falcon XY (Aussie edition) debuted in 1970 as a facelift to the popular XW models, and it was produced through 1972 in sedan, station wagon, ute, and even panel van forms. Available with four different engines, including the famous Ford 302 and 351, there was also a GT version offering as much as 300 horsepower and 380 lb-ft of torque (at least according to the old way of rating engines).

The Ford Falcon ute deployed by Beck Racing has something much more potent under its hood, but despite our best internet sleuthing, we can’t come up with a confident answer of just what’s under there. We can say with confidence, however, that the 8.76 second run at 152 MPH is bonkers faster, and of the multiple launches recorded in the above video, we saw just a single red light. Australia’s auto manufacturing industry may be going the way of the Tasmanian tiger and pig-footed bandicoot, but the automotive enthusiast culture looks be alive and well.