Interestingly, many people have asked how much a NASCAR costs. In its initial days, the cars used for racing at this event cost quite low as of now. The average price for a NASCAR as of 2022 is around $200,000 to $400,000. Yes, the price of these racing cars could go higher than the said price tag.
This event takes place every year in the country. People from all over the world come to watch the beautiful races that are held at the location. Interestingly, the race locations are set by the higher authority on a beautiful race track in the country. NASCAR is a privately-owned company that was founded by none other than Bill France way back in 1948.
NASCAR Car Cost
Racing cars, if well-built could cost heavily to the manufacturers and the buyers. Some genuine resources have revealed, that if a NASCAR racing car is built with the best materials from the market then it could cost around $344,000. The cost would surely include the engine, chassis, and all 12 sets of tires that are required for a single race. Now, the same car with more sets of tires and other required parts would cost more than $13 million for the entire season.
The money would surely be funded by the brands that are sponsoring the individual driver and the company. So, the car cost would not be heavy for a single manufacturing company. Interestingly, $13 million is taken without including any maintenance charge for the car.
Every driver wants their car to be the best and well-built with all the best parts on the market. Most cars used for racing at the event costs more than $14 million. So, for an entire season, we could say that the average cost of a single car with maintenance is that particular amount.
Benefits from Sponsors
The cost of building a single NASCAR car becomes less when you have a good sponsor. There could be as many sponsors as one could want. But, there are a few terms and conditions that require are to be fulfilled by those sponsors.
To attract sponsors the best way is to tell them that you are willing to put their name, logo, and colors on the driver’s hood. The driver’s hood is where everyone notices and looks good. Additionally, it is one of the best proof that you and your products are worth sponsoring. The manufacturing unit must not sacrifice the quality of care for lower costs in sponsorships.
The cost from sponsorships should be good enough to carry your overall car cost for one season. This is one of the best ways to save money during a NASCAR season. The better the sponsor branding space, the more likely it is to attract more and more sponsors and investors for the season.
The sponsors at NASCAR are mostly listed on Fortune 500 list. So, the manufacturing unit and the driving team must ensure that they are attracted highly to the product. Even if you manage to get one or two sponsors for the racing season then you will save a lot on the overall car cost. The sponsors will help you get more than half of the maintenance and other car costs during the NASCAR season.
NASCAR Car Brands
Almost every popular automobile brand across the world actively participates in this event. Unfortunately, Dodge left NASCAR racing events way back in 2012 and they have no plan to come back as of now. The three famous automobile manufacturing brands that actively participated in this event are Chevrolet, Ford, and Toyota.
Interestingly, these three world-class automobile brands have been participating since the introduction of NASCAR. Other than these brands, people get to see other automobile companies participating in the event.
General Motors is the only brand in this event that has been participating without fail since the event was introduced. Interestingly, more than half of the participants use cars that are manufactured by General Motors. As of 2022, NASCAR uses “The Next Gen” cars for all racing events at their location. This was originally known as the Gen-7 car. Interestingly, the Gen-7 car is one of the most common racing cars in the racing event as of 2022.
Conclusion
NASCAR uses various models at their racing events and they all look great every year. Most automobile companies come up with new and innovative automobiles to market at such events. They are one of the reasons why the cost of such racing cars including their maintenance goes quite high.
