A car racing team have been filmed doing a dangerous burnout in their car while being towed along the Hume Freeway.

Video obtained by 9NEWS shows smoke pouring from the spinning rear wheels of the red vehicle on the back of the trailer, as it is driven back to Melbourne from Winton Motor Raceway near Benalla.

As the burnout continues, the driver and his passenger can be seen flailing their arms out of their car’s windows.

It’s understood the vehicle had been driven at the three-day Performance Car Mania event at Winton on the weekend.

The Performance Car Mania event was held at Winton Motor Raceway over the weekend. (via Winton Motor Raceway)

Winton Operations Manager Wayne Williams said the racing team in the video would be "banned" from the raceway. (9NEWS)

Organisers of the event told 9NEWS the team had attended the gathering for the past three years, but will now be banned from the Winton raceway for life.

“I cannot condone that (video), they will be banned indefinitely,” Winton Operations Manager Wayne Williams told 9NEWS.

“It’s very disappointing that they think it’s okay.”

Mr Williams said he did not want the video to tar Performance Car Mania or Winton Motor Raceway.

“We work well with the police and the local council to make sure (the event) works safely and right.”

He added that the venue would be assisting with police in their investigations.