To return to vinuneuro's post, a "logarithmic-decrement" plot is a way of estimating the damping ratio of a lightly damped simple mass-spring-damper structure. It is unlikely to work (in general) for a multi-mode structure, & it would be something of a waste of time for a race vehicle (if multiple decay peaks are visible, then more damping is required, or the vehicle requires "fixing").
A few philosophical thoughts, if I may:
To repeat what I have said elsewhere, setting up the suspension of any vehicle is a complex business, so it is unsurprising that the process has been simplified using "rules of thumb". The mathematical basis for such rules is generally unsound, but it is surprising, perhaps, how useful they can be, at least within a focused range of applications. It would be wrong, however, to assume that such rules can be used "in reverse" to make fundamental statements about the physics of the vehicle. An example: here are axle-based frequency response functions of load per unit hub acceleleration for a real vehicle. The crosses represent the outputs of simple models identified from the measurements, with model parameters shown in the legends. Parameter values can be used to estimate, with errors of only a few percent, values for unsprung masses, sprung mass, sprung mass c.g. position, effective spring rates & effective damping coefficients. Everything, in fact, to compile an equivalent symmetrical model of the vehicle apart from pitch inertia & tyre stiffnesses. So, have I discovered a globally useful method of "modelling" the dynamic response of a vehicle? The answer is no, as demonstrated by this abomination, which contains the same response functions, with similar model fits, but for a very different vehicle.
Road vehicle engineers have a habit of using corner weights, converted to corner mass, and spring stiffness to compute estimates of axle-based "natural frequency". However useful the estimates are to the engineer (& I wouldn't question that), it is incorrect to refer to them as natural frequencies. In fact, axle-based natural frequencies do not exist for a 2 axle vehicle, & neither do axle-based damping ratios, despite any conclusions that might be drawn from the first set of response functions referenced above.