A white car which looks to be a BMW E92 M3 - a car that has a starting price of around £12,000 - plummeted into a canal in Forton yesterday (August 6).
The vehicle had been involved in a high-speed police chase on the M6 near Preston, one of the North West's busiest motorways, prior to the collision.
During the chase the driver of the vehicle crashed into a bridge, resulting in the high-performance car nosediving into the canal.
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Despite the front of their car being submerged in water, the two occupants of the vehicle - which are believed to have been two men - managed to evade police.
A spokesman for Lancashire Police said: "This vehicle was involved in a pursuit on the M6 motorway yesterday.
"The two occupants managed to destroy a bridge before crashing into the canal at Forton.
"Two males are outstanding."
Officers are now appealing for information and dash cam footage which may help with their investigation.
Anyone with information has been asked to contact Lancashire Police, quoting log number 1265 of August 6.