I kind of miss all the ricers 10 years ago with the park bench wings and body kits and altezzas and neon underglow bullshit. They were entertaining, especially when they tried to race you with their 110hp monsters. These days you'll occasionally see Jose driving over on Sullivant with an autozone special Honda, but that's about it. Kids these days seem to have a lot better taste since the Fast & Furious decade.
As far as modding cars go, new stuff has a ton of advanced tech, added safety features, added weight, etc. Not a bad thing for a daily, but it certainly limits your options as far as which platforms you should build into a race/track/performance car.