Most carbon fiber hoods suffer from oxidation of the resin itself and it's a pretty easy fix using M80 Speed Glaze with a DA Polisher.
You can also do this by hand but it's a lot more work and if you want to do it by hand then you probably ought to get the M105 for your oxidation remover and then use a polish like #7 followed by wax.
You can also restore your carbon fiber hood by hand with paint cleaners like ScratchX or Deep Crystal Paint Cleaner using a piece of terry cloth and some elbow-grease.
The idea is to,
1) Remove the oxidation - Pick one: ScratchX, Deep Crystal Paint Cleaner, M80 Speed Glaze or M105 Ultra Cut Compound
They all have the ability to remove oxidation, M105 will do it the fastest, followed by M80, followed by ScratchX followed by DCPC
2) After you remove the oxidation, apply a pure polish like #7 to really gorge the polyester resin with polishing oils. Apply this, work it in and wipe it off. The exception would be if you used M80 Speed Glaze because it already has a lot of polishing oils in it so if you use M80 then afterwards you can go straight to wax.
NOTE: ONLY WAXES NEED TO DRY
Every other paint care product is an apply, work the product and then wipe it off.
3) After you apply the #7 and wipe it off, now apply a wax. Let the wax fully dry and then wipe it off and Ta-Da! A brand new looking Carbon Fiber hood. Now maintain this with regular polishing and waxing or it will oxidize again.
Im a HUGE meguiars fan btw lol. It all depends on the condition and if the fibers are exposed..
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