Only question is.... What's up with the Tire not rotating?? It's like the car is just stationary, or is there a cover over the tire? I can't tell....
Given the lack of texturing (grass, grandstands, etc), I'd venture a guess that this is an Alpha build of the game.
Pause at the 4:50 mark and you'll see it's a fender. Though I could tell while he was racing that it was a Carbon Fiber fender, it's easy to see if you pause at the above mark.