Parking extremely neglected Ford Sierra near iconic red sports car (7)
I believe the answer is:
porsche
'sports car' is the definition.
(manufacturer of sports cars)
'parking extremely neglected ford sierra near iconic red' is the wordplay.
I cannot really see how this works, but
'parking' could be 'p' (abbreviation on road signs) and 'p' is found in the answer.
'sierra' could be 's' (phonetic alphabet: alpha, bravo, charlie etc.) and 's' is located in the answer.
'red' could be 'r' (I've seen this in other clues) and 'r' is located in the answer.
The remaining letters 'oche' is a valid word which might be clued in a way I don't see.
This may be the basis of the clue (or it may be nonsense).
Can you help me to learn more?
(Another definition for porsche that I've seen is " Luxury car".)