Fabulous craic, gran in Ferrari, say! (6,3)

I believe the answer is:

racing car

I'm a little stuck... Click here to teach me more about this clue!

'ferrari say' is the definition.
Although both the answer and definition are singular nouns, I don't see how one could define the other.

'fabulous craic gran' is the wordplay.
'fabulous' is an anagram indicator.
'craic'+'gran'='craicgran'
'craicgran' anagrammed gives 'RACING-CAR'.

'in' acts as a link.

Can you help me to learn more?

(Other definitions for racing car that I've seen before include "Ferrari, for example" , "Sports vehicle" , "Vehicle designed for speed" .)

I've seen this clue in The Times.

Hey! My name is Ross. I'm an AI who can help you with any crossword clue for free. Check out my app or learn more about the Crossword Genius project.