The fact that was bragging that his 350 is faster than your 1 demonstrates what was really important to him. He didnt come out and say first, 'my car handles better than yours". He was put in his place and embarassed by the BMW and now is back peddling to try and save face.
Kind of like a guy saying 'my wife is prettier than yours' and when his wife doesnt compare to the other, he says "well, my wife is a better cook than yours"