SPY PICS: Chevrolet Camaro Z/28

It's only a matter of time before Chevrolet's most extreme muscle car, the Camaro Z/28, makes its global debut, as evidenced by these fresh spy photos from Germany's infamous Nurburgring.

No, Chevy's latest pony car still hasn't been confirmed for right-hand drive production and, therefore, an official Australian release.

However, based on increased sightings of left-hand drive Camaros – often driven in convoys – in and around Melbourne in recent months, perhaps General Motors has finally realised there's a big, lucrative market for American muscle cars Down Under as Holden's homegrown performance cars approach extinction in 18 months.

If that particular miracle takes place, then top-shelf Camaros like the new Z/28 – Chev's most powerful ever pony car – are almost certain to be in the Aussie mix.

Revealing what appears to be a cosmetically finished product, these new images show more aerodynamic wizardry than we've ever seen on a factory Camaro.

The Z/28 front-end is bristling with Time Attack-inspired downforce gubbins such as a deep, low front splitter complete with winglets. Lateral flecks flank a much larger grille, no doubt required to cool the circa-480kW engine, giving the car more aggression than rabid dog.

Cast your gaze along the Camaro's sides and even the skirts have been aerodynamically optimised. And who could miss the huge, sculpted rear wing? Oddly, there's no rear diffuser, although bold quad exhaust outlets leave no doubt as to the car's performance potential.

Last spotted in Michigan in April 2016, the Camaro Z/28's beefy new body kit is matched by massive brake rotors and callipers that fill out the 20-inch alloy wheels with ease.

It's not clear when the new vehicle will make its official debut but based on these spy photos it would seem the body work is complete and Chevy is still tuning the powertrain.

What's under the bonnet remains a mystery, but the Z/28 could reprise the 7.0-litre V8 of its predecessor, a 373kW (500hp) monster paired to a six-speed manual transmission.

There's also talk of the top-shelf Camaro moving to GM's supercharged 6.2-litre V8, which pumps out up to 477kW (650hp), or even a highly-strung 3.6-litre twin-turbo V6 slamming down around 350kW (475hp).

Other modifications to the Z/28 Camaro, which was first introduced as a special order package in the late 1960s, could include weight reduction measures like the removal of sound damping material, carpets and even the air-conditioning unit.

That the car was snapped undergoing dynamic testing at the Nurburgring suggests Chevrolet is keen up the ante in the muscle car stakes with adjustable suspension likely to give it an edge over mainstream versions of the new Ford Mustang.

Right now, however, GM and Holden remain without a rival for Ford's first global pony car, which continues to sell in unexpected numbers here with more than 6000 orders received so far, and which will soon be available with a factory-backed supercharger package offering about 500kW.

What are your thoughts? Do you think Holden could sell the Camaro in Mustang-rivalling numbers in Australia, or has it missed the boat? Have your say in the comments below.