Work in progress.
S2 to S1
Maserati MC12
S1 to A
Alfa Romeo 8C
Caterham R500
Ferrari 360 Challenge Stradale
Lotus 2-11
A to B
BMW M1
BMW M235i
Dodge Charger (2012)
Ferrari F355
B to C
BMW M3 (1991)
Ford Fiesta (2014)
Lancia 037
Maserati 300 S
Mazda Mazdaspeed 3
Nissan Fairlady Z (1994)
Renault Clio RS 200
Renault Clio V6
Volkswagen Golf R32
C to D
Abarth 500
Aston Martin DB5
Ram Runner
Most of these can be downgraded using a combination of the following upgrades:
Rally tires, rear aero, heavier/larger wheels, chassis reinforcement, sport transmission, oil & cooling, drivetrain swap
Old thread from FH1:
http://legacy.forums.forza.net/forums/thread/6064314.aspx