I shot this at the Cedar Falls Raceway Night of Fire last summer. There's a viewing platform that's about 4 ft high behind the starter area so I cranked my tripod up about 5 ft tall and stuck my camcorder on it and let it run while I ran over to the right wall to take photos with my DSLR. Caution: the audio starts out very quiet and then gets very loud on the burnout and launch.
I use a Panasonic HC-X920 camcorder and Audio-Technica Pro 24-CM microphone. In order not to get a ton of audio distortion I have to lower the recording level down -30 dB but it still pegs the meters.