NASCAR manufacturer support may take a hit
Automotive industry consultant Peter DeLorenzo, publisher of the autoextremist.com Web site, estimates each manufacturer spends at least $125 million a year on NASCAR and doesn't get its money's worth. While automakers still use racing to train young engineers, it has been decades since advances made in NASCAR — which limits technology to control the cost of racing — applied to passenger cars. Beyond that, drivers' personalities and connections to other corporate sponsors have been marketed so aggressively that DeLorenzo says the kind of car they drive is an afterthought. Most important, DeLorenzo says, being in NASCAR does nothing to help domestic automakers overcome what he calls their biggest challenge: winning over foreign car buyers. NASCAR fans already buy domestic cars and trucks. "Detroit is spending a lot of money to preach to the choir," DeLorenzo says.
Manufacturers' executives tell a different story, one of positive media exposure and fan demographics. "We absolutely believe that it's a great return on our investment, from the standpoint of getting exposure," says Bob Wildberger, senior manager of NASCAR operations for Dodge Motorsports. Mark Kent, director of GM Racing, says GM is in NASCAR for the "long haul." But Kent says they have cut back on travel expenses and are working with Chevy teams to consolidate research and development projects. "Obviously, like anything else in our business, we're looking to do more with less," Kent says. USA Today