
The National Association for Stock Car Auto Racing (NASCAR) is a family-owned and operated business venture that sanctions and governs multiple auto racing sports events; and was founded by Bill France Sr. in 1947-48. As of 2009, the CEO for the company is Brian France, grandson of the late Bill France Sr. NASCAR is the largest sanctioning body of stock car racing in the United States. The three largest racing series sanctioned by NASCAR are the Sprint Cup, the Nationwide Series and the Camping World Truck Series. It also oversees NASCAR Local Racing, the Whelen Modified Tour, and the Whelen All-American Series. NASCAR sanctions over 1,500 races at over 100 tracks in 39 states, Canada, and Mexico. NASCAR has presented exhibition races in Suzuka City, Japan, Motegi City, Japan, and Melbourne, Australia.
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The National Association for Stock Car Auto Racing (NASCAR) is a family-owned and operated business venture that sanctions and governs multiple auto racing sports events; and was founded by Bill France Sr. in 1947-48. As of 2009, the CEO for the company is Brian France, grandson of the late Bill France Sr. NASCAR is the largest sanctioning body of stock car racing in the United States. The three largest racing series sanctioned by NASCAR are the Sprint Cup, the Nationwide Series and the Camping World Truck Series. It also oversees NASCAR Local Racing, the Whelen Modified Tour, and the Whelen All-American Series. NASCAR sanctions over 1,500 races at over 100 tracks in 39 states, Canada, and Mexico. NASCAR has presented exhibition races in Suzuka City, Japan, Motegi City, Japan, and Melbourne, Australia.
NASCAR is one of the most viewed professional sports in terms of television ratings in the United States. Internationally, NASCAR races are broadcast in over 150 countries. NASCAR claims to hold 17 of the top 20 attended sporting events in the U.S., and claims 75 million fans who purchase over $3 billion in annual licensed product sales. Many marketers consider NASCAR fans the most brand-loyal in all of sports and as a result, Fortune 500 companies sponsor NASCAR more than any other Motor Sport.
However, the collapse of the U.S. auto industry and the bankruptcy of Chrysler had led to a drastic decline in NASCAR attendance and television ratings. NASCAR television viewership fell to an average of 6.83 million viewers last year, off 18% from its peak in 2005 of 8.35 million, according to the Nielsen Co. NASCAR ticket sales are down by as much as 20% at some races, with gaping blocks of empty seats at tracks in Atlanta, Fontana, and even the hard-core racing town of Talladega, Ala. The Texas Motor Speedway has taken out 21,000 seats, 13% of its 159,000 seat capacity, to make room for recreational-vehicle parking. NASCAR teams and tracks have laid off more than 800 employees in the past year.
NASCAR's headquarters are located in Daytona Beach, Florida, although it also maintains offices in four North Carolina cities: Charlotte, Mooresville, Concord, and Conover. Regional offices are also located in New York City, Los Angeles, Bentonville, Arkansas, and international offices in Mexico City and Toronto. Additionally, owing to its southern roots, all but a handful of NASCAR teams are still based in North Carolina, especially near Charlotte.
In October 2000, the Time Warner Company, Turner Sports Interactive, acquired all of NASCAR's interactive rights and the rights to the nascar.com domain. As of January 2001, Turner Sports Interactive is the exclusive producer, and NASCAR.com is the official site for NASCAR Inc. The NASCAR.COM staff is located in Atlanta, GA., with additional personnel in Charlotte, NC., and Daytona FL. The nascar.com domain is currently leased through Network Solutions, and extends through the year 2016.





















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