I used Adobe After Effects, and used the "Time Displacement" Effect. But instead of using a displacement map, I had the footage use itself as a displacement map, then I masked it, so the effect was only visible around the car. I also added a glow and a blur effect. Then I added lightning, and reflected light from the lightning by just making two blue ovals, feathering them, changing their blending mode, and wiggling the opacity. Last, I added sound effects from Apple's Soundtrack Pro.

Do you by chance have the project file available? Also, where did you get the lightening effect form? AE?

Render Lightning has been an available effect in After Effects since forever. You should be able to find lots of online tutorials on how to use the effect properly.