Green’s Dictionary of Slang

1. (US teen) to drive (stolen) cars in groups and to perform a variety of elaborate manoeuvres on the street.

1980

E. Folb Runnin’ Down Some Lines 232: caravan Drive together with others in order to perform a variety of elaborate street maneuvers in cars.

2. (US) for a number of cars to drive one after the other.

2023

(con. 1962) J. Ellroy Enchanters 9: We two-car caravanned [...] Harry and Eddie toook the pole slot.