Race track’s skilled driver (8)

I believe the answer is:

goodwood

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'race track's' is the definition.
I don't know anything about this answer so I can't tell whether this works.

'skilled driver' is the wordplay.
'skilled' becomes 'good' (similar in meaning).
'driver' becomes 'wood' (I can't explain this - if you can you should believe this answer much more).
'good'+'wood'='GOODWOOD'

Can you help me to learn more?

(Other definitions for goodwood that I've seen before include "Racecourse in West Sussex" , "Glorious race track" , "racetrack - with 19d" .)

I've seen this clue in The Sunday Times.

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