Ashpalt 5, from developer Gameloft, has just recently been updated to take advantage of the new iPhone 4 Retina display and is currently on-sale for just $0.99.

Originally $6.99, there’s never been a better time to check out this popular racing game.

With more than 30 different automobiles to drive including cars from Ferrari, Lamborghini, and Ducati, 8 different game modes to choose from such as Cop Chase and Escape, and Bluetooth/Online multiplayer action, Ashpalt 5 becomes a steal for racing game lovers.

Asphalt 5 is compatible with iPhone, iPod Touch, and iPad requires iOS 3.0 or later.