Rhythm Collision's album Collision Course. Right now the great song Ready?
Right after that song is the song Cheers, a rock 'n roll version of the theme song to the TV sitcom. I cringe everytime I hear that song on TV, but their remake was not bad. The song after that one is called Hippie Now and its good. The band comments on this song in their liner notes:
There are nineteen songs on this one, and every one seems to have very good quality and several are excellent.
The album cover for Collision Course has four sports cars from the 50's racing on a track with a man holding the checkered flag standing directly in front of some of the cars. I couldn't find that album pic, but here's the cover from Clobberer!: