Bob Lutz is General Motors vice chairman of global product development, and challenged anyone in the industry to take him on for a series of time trial laps at Monticello Motor Club. Those considering used Cadillac CTS-Vs in New York may want to see how his 2009 model fares against several competitors, including a 2010 Mitsubishi Lancer Evolution MR.

The car enthusiasts at Jalopnik were one of the few to take Lutz seriously, and had been pleading with companies to allow a production model vehicle for them to race against the GM executive. After an initial dalliance with Jaguar, they decided on the Lancer, and the race is set for tomorrow.

As the journalists at the website will note, the CTS-V has a lot of power under the hood, with a 6.2 liter supercharged V8 providing more than 550 horsepower. But it can also be an affordable luxury performance sedan for those taking a look at used Cadillac CTS-Vs in New York.

Of the 2005 version, Edmunds.com noted that “the fast and nimble CTS-V is one of the most promising signs yet that Cadillac is ready to take on the world,” and even new, it was priced more economically than its competitors.