Haha thanks guys! Steve, I actually own both a ford powered 93 mustang coupe, and a 86 Camaro that I am building a small block chevy for. I built this model before I bought my 1:1 Mustang, It just so happens they are both torch red.
Simon,the rubber was created using craft store sponge paint brushes and some flat black paint. If you let the paint get tacky, and apply 2-3 layers it begins to look like built up rubber.
Steve is right, I think i'll have to go back and sand the tires to make them look more used!