Observe Beetle car wrecked (9)
I believe the answer is:
celebrate
'observe' is the definition.
(synonyms)
'beetle car wrecked' is the wordplay.
'wrecked' is an anagram indicator.
'beetle'+'car'='beetlecar'
'beetlecar' is an anagram of 'CELEBRATE'.
(Other definitions for celebrate that I've seen before include "Mark an occasion with a social gathering" , "Honour; make famous" , "Stage a special festivity" , "Have festivity for special day or occasion" , "Throw a party" .)