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In this paper, we consider a downlink multi-user vehicular communication network empowered by an intelligent reflecting surface (IRS) with the base station (BS) employing the orthogonal frequency division multiple access (OFDMA) scheme. The performance of the considered system is evaluated in terms of second-order statistics (SOS) in the presence of multiple co-channel interferers with varying powers and speeds. In particular, we develop the analytical expressions of level crossing rate (LCR) and average outage duration (AOD) of the received signal envelope at a desired vehicle by considering a generalized fading model as - distribution. The impact of various system and channel parameters such as number of reflecting elements, amplitude of reflection coefficients, number of interferers, Doppler frequencies of desired and interfering vehicles, and different channel fading environments has been shown …