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Farewell Oldsmobile Delta 88. The Oldsmobile Delta 88 was one of a kind. Dependable, and full of Luxury. Why did the Oldsmobile Delta 88 have to go away. When the first generation of Oldsmobile 88 came out in 1949, it introduced one of the first postwar overhead valve V-8 designs, the famous “Rocket” V-8. That large and powerful V-8, combined with A relatively Light body, was a formula that later blossomed into the muscle car. The Olds 88 was also one of the fastest cars in America and the car to beat in NASCAR racing, winning 10 out of 19 races in the 1950 season. The same year, an Olds 88 won the grueling 2000-mile-plus Carrera Panamericana road race in Mexico. An 88 convertible served as the pace car for the Indy 500 in 1949, and the Ike Turner/Jackie Brenston hit “Rocket 88” is one of the very earliest rock and roll songs.