The vehicle was first detected on Monday heading northbound on the Hume Freeway near Mullengandra.

A man, who was driving, was travelling at 125km/h and failed to stop for police about 1.50pm before accelerating away.

Albury Inspector Scott Russell said police engaged the driver in a short pursuit, but terminated it for safety reasons.

“That vehicle was again detected in the Goulburn area and pursued by Goulburn and Yass police this morning,” he said.

“It then headed south at a high speed.

“The vehicle was last seen around Table Top about 5am this morning and continued south we believe possibly into Victoria.”

Police believe two men are travelling in the Holden which was also involved in a petrol drive-off at Gundagai.

The car reached speeds up to 150km/h while in the Albury LAC.

Victorian registration plates, believed to numbered ZPU 307 or similar, are displayed on the vehicle.

Inspector Russell said it is believed the vehicle is not displaying the correct plates however couldn't confirm if the car had been stolen.

“It’s quite disturbing really, it places everyone at danger,  the community, police and the drivers themselves,” he said.

“It has committed several traffic offences as-well-as fraud.

“We believe the car may still be in the Albury area.”

Anyone who spots a vehicle matching the description is urged to call triple-0 immediately.