IndyCar is the premier level of open-wheel formula auto racing in North America, governed by INDYCAR. The series is defined by high-speed competition on a diverse calendar of circuits, including road courses, street circuits, and the iconic Indianapolis Motor Speedway, home to the prestigious Indianapolis 500. Drivers compete in specialized, high-performance, single-seat Dallara chassis powered by twin-turbocharged engines from manufacturers like Chevrolet and Honda. Known for its intense wheel-to-wheel racing and significant speeds reaching over 230 mph, the series emphasizes driver skill and mechanical endurance. The season culminates in the awarding of the Astor Cup to the driver with the most points, crowning them the IndyCar Series champion. With a rich history evolving from the AAA and USAC eras, IndyCar remains a pinnacle of international motorsport.
The historical roots of open-wheel car racing, commonly known as Indy car racing, date back to 1905 in the United States.
In 1979, Championship Auto Racing Teams (CART) broke away from the United States Auto Club (USAC) and became the primary sanctioning body for Indy car racing.
Starting in 1980, the United States Auto Club (USAC) continued to serve as the sanctioning body for the Indianapolis 500, a role they maintained until 1995 while CART drivers participated in the event for championship points.
In 1992, the Indianapolis Motor Speedway secured the "IndyCar" trademark with the United States Patent and Trademark Office and subsequently licensed the name to the Championship Auto Racing Teams (CART) organization to serve as their primary trade name.
In 1994, Hulman & Company established the Indy Racing League as the new sanctioning body for the racing series.
In 1995, the long-standing arrangement where USAC sanctioned the Indianapolis 500 while CART drivers competed for championship points drew to a close, marking a period of tension regarding governance and sport operations that lasted until 1995.
In March 1996, CART initiated legal action against the Indianapolis Motor Speedway to defend its licensing rights to the IndyCar trademark following attempts by the speedway to revoke that license.
After being formed two years prior, the Indy Racing League officially began its competitive racing season in 1996.
Following its formation two years prior, the Indy Racing League was slated to officially begin its racing operations in 1996.
In 1996, a legal settlement was finalized requiring CART to cease using the IndyCar mark following the conclusion of the 1996 racing season.
In 1996, in a direct reaction to the IRL's move to reserve Indy 500 starting grid spots, CART scheduled a competing showcase event called the U.S. 500 at Michigan International Speedway on Memorial Day, conflicting with the traditional date of the Indy 500.
In 1997, the Indy Racing League introduced new technical regulations that mandated the use of cheaper chassis and production-based engines that were owned rather than leased. These 1997 rules caused significant friction as they were made incompatible with existing CART specifications, contributing to a decline in the quality and prestige of the Indianapolis 500 during that time.
Starting in 1997, the organization began branding itself as CART and adopted the term 'champ car' to identify their racing vehicles.
As part of a prior legal agreement, the IRL was prohibited from using the IndyCar name until the 2002 season ended.
In 2002, the Indy Racing League (IRL) began attracting top-tier racing teams away from Championship Auto Racing Teams (CART), a shift that initiated a period of instability for the latter organization.
During 2003, the Indy Racing League (IRL) implemented significant safety modifications to chassis design and vehicle speeds in response to a string of dangerous incidents, which included high-profile crashes involving Mario Andretti and Kenny Bräck, as well as the fatal testing accident of Tony Renna at Indianapolis.
Following the bankruptcy of CART, the Champ Car World Series was established in 2003 as its successor organization to continue racing operations.
In 2003, the Indy Racing League rebranded its primary competition as the IndyCar Series following a six-year break from using the title. During the same year, the competing series CART filed for bankruptcy due to financial struggles and team departures, eventually leading to its reorganization by new owners into the Champ Car World Series.
In November 2007, Tony George first extended an offer to Champ Car leadership aimed at reunifying the divided American open-wheel racing series.
On January 23, 2008, Tony George proposed a deal to Champ Car management to unify American open-wheel racing by offering free cars and engine leases to teams that would commit to the 2008 IndyCar Series, provided that key Champ Car race venues were added to the IndyCar calendar.
On February 10, 2008, IndyCar officials including Tony George, Terry Angstadt, Brian Barnhart, and Robert Clarke traveled to Japan to negotiate the rescheduling of the Indy Japan 300 to avoid a direct conflict with the Long Beach Grand Prix.
In February 2008, Indy Racing League CEO Tony George and Champ Car World Series owners reached an agreement to unify the sport, leading to the suspension of the Champ Car series and the transition of teams to the IndyCar Series using league-provided equipment.
In 2008, the two major open-wheel racing series were officially unified into a single competition, continuing forward under the banner of the IndyCar Series.
The Champ Car World Series faced its ultimate demise in 2008 when it was officially absorbed by the Indy Racing League (IRL), consolidating top-level open-wheel racing.
In February 2010, Randy Bernard was officially announced as the new Chief Executive Officer of the Indy Racing League.
On January 1, 2011, the sanctioning body officially adopted the trademark name INDYCAR to represent the sport.
During 2011, the sanctioning body officially retired the Indy Racing League name and rebranded as IndyCar to better represent the unified nature of the racing series.
In October 2012, Randy Bernard was terminated from his position as CEO and was subsequently succeeded by Mark Miles.
On November 1, 2013, the organization formally finalized its transition by officially changing its legal business name to INDYCAR LLC, solidifying the brand's identity post-unification.
In 2013, IndyCar entered into a promotional partnership with DreamWorks Animation to help launch and market the comedy film Turbo.
In November 2019, Penske Corporation finalized the purchase of IndyCar and the Indianapolis Motor Speedway from Hulman & Co., bringing the organization under the umbrella of Penske Entertainment Corp.
During July 2025, Fox Corporation acquired a one-third equity stake in Penske Entertainment Corp for a valuation between $125 million and $135 million.
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