It is definitely informal now, in part out of necessity, as insurance costs became prohibitive for an organized event. Nowdays it is just friends getting together; trail runs are discussed over a few beverages the evening before, usually at the Red Rock.
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Hard to say how many vehicles lately...maybe 40 last year? Probably half the vehicles are VXs these days.

Steve Carlson - 95 Trooper LS expo rig
Serenity now!