Ford's Alex Davison tops a record-setting day of V8 Supercars practice at Phillip Island Davison was the fastest on a record day of running at Phillip Island. TIMES have tumbled in a record-setting day of V8 Supercars practice ahead of this weekend's Sargent Security Phillip Island 360. Ford's Alex Davison demolished the existing track record by over a second as the track's new tarmac combined with near-perfect weather allowed the big sedans to set a searing pace. Davison finished the day's third and final practice session on top with a lap of 1m30.9555s, 1.1158 seconds faster than Craig Lowndes' qualifying record set back in 2000. The Team JELD-WEN driver headed Holden's Alex Premat at the end of the day, with Lowndes the best of the title contenders in third place. The 37-year-old Lowndes, who last won a V8 title in 1999, heads a tightly-poised title race by six points ahead of Red Bull teammate Jamie Whincup, with Bathurst winner Mark Winterbottom and his Ford teammate Will Davison lurking. The two Ford Performance Racing pilots ended the day fifth and sixth - coincidentally, reflecting their car numbers - while Whincup was down in 13th. Team BOC's Jason Bright split the title contenders in fourth continuing Brad Jones Racing's good form at the billiard table-smooth circuit, after teammate Fabian Coulthard topped the day's second session. With V8 Supercars heading to Phillip Island, SPEED talks to drivers about tackling the iconic track. Ford's Tim Blanchard celebrated the announcement that renowned V8 guru Campbell Little has signed up at Dick Johnson Racing, piloting the famous No. 17 Falcon to P7 in the final session after both he and rapid rookie Chaz Mostert featured inside the top ten of earlier sessions. All four manufacturers cracked the top 10, with Michael Caruso and Tim Slade putting their respective Nissan and Mercedes eighth and ninth, ahead of Scott Pye in tenth. The V8s will next hit the track on Saturday morning for one final practice session, ahead of qualifying and the final 60/60 Super Sprint race of the season. TIMES - Practice 3, Sargent Security Phillip Island 360 (30 min) Car Alex Davison Ford Alex Premat Holden Craig Lowndes Jason Bright Mark Winterbottom Will Davison Tim Blanchard Michael Caruso Nissan Tim Slade Erebus Scott Pye Fabian Coulthard Tony D'Alberto Jamie Whincup Chaz Mostert David Reynolds Shane van Gisbergen David Wall James Moffat James Courtney Rick Kelly Todd Kelly Russell Ingall Jonathon Webb Garth Tander Lee Holdsworth Scott McLaughlin Dean Fiore Maro Engel TIMES - Practice 2, Sargent Security Phillip Island 360 (30 min) TIMES - Practice 1, Sargent Security Phillip Island 360 (30 min)