'Oh yeah, oh yeah, I gotcha, I gotcha,' she yelled to the stunned audience after a massive gift box was opened to reveal the car's silhouette.
Today's giveaway was the second part of Oprah's "Favourite Things" episode.
The first half, which aired next week, saw the talk show host give away thousands of dollars worth of prizes including a Sony television and Caribbean cruise.
The 56-year-old talk show host also gave the audience an Apple iPad, which she proclaimed her 'No. 1 favourite thing ever.'
'I know it's wrong to be in love with a thing, and I don't normally recommend it,' she said, before declaring the gadget the 'best invention of the century so far.'
Oprah also gave the audience several items of clothing, including a cashmere sweater, Ugg boots covered in sequins and a patent-leather Coach bag that cost nearly $400.
'It's not really about all the gifts,' she said. 'Although the stuff is really fun, it really for me is about hope.
