Merseyside Police took the black McLaren off its 30-year-old driver. It was loaded onto a truck and then taken away after police were called to the car meet which was becoming increasingly popular - potentially aided by the warm weather.
Police said the owner, from Liverpool, had been driving in "an anti-social manner" which was a "repeat offence".
It was seized under Section 59 of the Police and Reform Act 2002. Police issued eight warnings after many of the cars were "being driven in an anti-social manner".
Insp Carl McNulty of Merseyside Police said: "Rest assured that this manner of driving will not be tolerated on the roads of Merseyside, and we will continue to respond to concerns raised by the public."