The effect I assume is the distortion of the car.
Here is the original:
Image > Transform > Perspective
Drag the corner handle to achieve the look you want:
Note that portions of the original are now transparent so you will have to fill these with something.
Depending on the size of the car you might have to first expand the canvas so that the corners of the car are not truncated:
If this is not the effect you want let us know.
If you mean the photo effect as in the way it's colored, it looks like the "Dave Hill Effect".
Tutorial with link to a video on how to simulate the "Dave Hill Effect" can be found at the link below:
Note: The above is a Photoshop tutorial but can be done in Elements. If you have PSE 9, you can layer mask as done in the tutorial. If you have PSE 8 or below you can erase areas where effect is not desired or download and install one of the free layer mask sets that are out there.
If needed, below is a link to one of the free tool sets that includes layer masks:
It might also be a HDR tone mapping or "fake HDR". Those effects are harder to copy using Elements without some sort of additional plug-in. I did find the below tutorial made for Elements but have never tried it.
For the distortion effect you can use Filter>Correct Camera Distortion and use
the vertical perspective slider.
As far as the effect it could be sort of a dave hill effect or something like this:
1. duplicate your distorted layer and go to Enhance>Adjust Lighting>Shadows/Highlights
and play with the sliders for a sort of hdr-ish effect.
2. Change the blend mode of the layer to Pin light
3. Add a gradient fill layer for the vignette: Foreground to transparent gradient, reverse, radial
adjust the scale.
Europe, Middle East and Africa