I've used magnetic sheeting on vehicles for identification/signage purposes for years.
It comes in various mil thicknesses; two popular thicknesses are 15 mil and 30 mil. Some is meant more for hobbyists (15 mil, generally) and some is more for suitable for exterior or vehicle use. I've had good luck with stuff from Magnum Magnetics out of Marietta OH, but no idea if they will sell directly other than wholesale. They make a Digimag sheeting that is inkjet printable and takes enamel well, if you're thinking of matching your vehicle color.
Here's their
25' roll of 30 mil for $80 on Amazon. Personally, I'd shy away from the 15 mil for other than craft use.
In my experience, what you really have to look out for with magnetic sheeting is to remove the panels and clean under them regularly. Don't leave them on your vehicle for weeks at a time without cleaning/drying under them. They will trap moisture and can affect paint jobs.
Also need to watch for custom cut edges if you're rounding it for a logo or vehicle corners, or cutting it to fit around trim, etc, as any pointed or smaller edges are more likely to lift and allow grit or moisture.
I never had a problem with grit getting way under, but didn't take trucks with panels of mag sheeting out in the desert or onto woods trails, either.
You can leave the sheeting on at highway speeds if you like. Unlike the old vacuum-formed plastic signs contractors used to use for vehicles (are they even around anymore, old plastic door signs? that's how freakin' old I am) that had rows of magnetic strips, the mag sheeting is magnetic over its entire back surface, usually with a vinyl front.