NASCAR Copes With Financial Crisis, Tweaks Rules

It’s no secret that the racing industry is one of the most affected sectors of the society by the current global crisis that we are now experiencing. Just last week, several sponsors pulled out of (or is considering pulling out of) F1. Now, NASCAR, taking the necessary steps to ensure the organization’s survival in a financially-challenged economy, made several adjustments in their rulebook aimed at limiting their racing events’ costs.

To cope, NASCAR made a few changes in its rulebook, which of course, are intended to cut costs—especially now that the possibility facing short fields is very big with NASCAR’s Camping World Truck Series this season.

 

Among the changes that NASCAR implemented is that teams will now be allowed a maximum of 12 crewmembers at the track this year, but only five crewmembers can pit the truck. The participating teams are also not permitted to add fuel and change tires at the same stop.

“The strategy is going to change a lot, because you’ll have to pit twice,” Mike Hillman Jr., crew chief for Todd Bodine’s No. 30 Toyota, said. “It’ll be completely different, and there might be races where the best truck doesn’t win. But this is NASCAR’s way to limit travel costs and payroll to help us in the hard economic times, so you just adjust.”

 

Also, the teams are not allowed to compete in more than three consecutive races if they don’t use an engine from a previous race. This aims to reduce motor budgets.

A lot of teams are still having trouble finding sponsorship. NASCAR and F1, with their teams’ dependence on big-company sponsors, are bound to feel the effects of recession more strongly. But at present, if the economy continues to look bleak for the rest of the year, it’s inevitable that amateur racers would feel such impact, too.

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