The National Association for Stock Car Auto Racing (NASCAR) is the largest sanctioning body of stock cars in the United States. The three largest racing series sanctioned by NASCAR are the Sprint Cup, the Nationwide Series and the Craftsman 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. From 1996 to 1998, NASCAR held exhibition races in Japan and an exhibition race in Australia in 1988.

With roots as regional entertainment in the Southeastern U.S., NASCAR has grown to become the second-most popular professional sport in terms of television ratings inside the U.S., ranking behind only the National Football League.[1] Internationally, NASCAR races are broadcast in over 150 countries. It holds 17 of the top 20 attended sporting events in the U.S.,1 and has 75 million fans[1] who purchase over $3 billion in annual licensed product sales. These fans are considered the most brand-loyal in all of sports and as a result, Fortune 500 companies sponsor NASCAR more than any other governing body. In 2007 NASCAR made a profit of just under $3 billion, and was the second richest motorsport (Formula One was first).

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, 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.

Mechanic William France, Sr., moved to Daytona Beach, Florida, from Washington, DC, in 1935 to escape the Great Depression. He was familiar with the history of the

area from the land speed record attempts. France entered the 1936 Daytona event, finishing fifth. He took over running the course in 1938. He promoted a few races before World War II.

France had the notion that people would enjoy watching "stock cars" race. Drivers were frequently victimized by unscrupulous promoters who would leave events with all the money before drivers were paid. In 1947, he decided this racing would not grow without a formal sanctioning organization, stan

dardized rules, regular schedule, and an organized championship. On December 14, 1947, France began talks with other influential racers and promoters at the Ebony Bar at the Streamline Hotel at Daytona Beach, Florida, that ended with the formation of NASCAR on February 21, 1948.

NASCAR was founded by William France, Sr., on February 21, 1948, w

ith the help of several other drivers of the time. The points system was written on a bar

room napkin. The original plans for NASCAR included three distinct divisions: Mod

ified, Roadster, and Strictly Stock. The Modified and Roadster classes were seen as more attractive to fans. It turned out that NASCAR fans wanted nothing to do with the Roadsters, which fans perceived as a Northeast or Midwest series. The Strictly Stock division was put on hold as American automobile manufacturers were unable to produce family sedans quickly enough to keep up with post-World War II demand. The 1948 schedule featured 52 Modified dirt track races. The sanctioning body hosted its first event at Daytona Beach on February 15, 1948. Red Byron beat Marshall Teague in the Modified division race. Byron won the 1948 national championship. Things had changed dramatically by 1949, and the Strictly Stock division was able to debut with a 20-mile (32 km) exhibition in February near Miami.