There is a new hack taking place right now in multiplayer lobbies where many people have lost their cars during a pink race. The hack causes your game to timeout and restart before the race starts and when your game reloads, your car is gone. Until this hack is fixed by Glu, my suggestion is to stop all pink races in the multiplayer lobbies.
Here's the scenario that many have described here in the past week or so:
1. Their lobby contains one or more cars that are obviously much slower than the lobby's rating,
2. The player gets greedy and wants to pink race this much slower car,
3. The hacker accepts,
4. The pink race never happens because your game times out and forces a restart,
5. Once the game is reloaded, your car is gone.
The hack is clearly taking advantage of people who will pink race much slower cars (rampant behavior for lobby jumpers). For now, the hackers are using very slow cars to entice the racers to pink, but that trick can change very quickly so there's no guarantee you won't be a victim of a more evenly matched race.
I suggest all pink racing come to a halt immediately by all players until Glu fixes this most recent hack.
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http://racingrivalsforum.ciegames.com/forum/check-engine-light/help/3231985-new-hack-trick-glitch-i-just-faced
http://racingrivalsforum.ciegames.com/forum/check-engine-light/help/3240616-need-help-c7r-taken
http://racingrivalsforum.ciegames.com/forum/check-engine-light/help/3181235-glitch-pinks
http://racingrivalsforum.ciegames.com/forum/check-engine-light/help/7242-stop-dnf-or-stop-pink
http://racingrivalsforum.ciegames.com/forum/check-engine-light/help/3094811-lost-my-car-after-i-won-a-pink-race