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Toyota’s Takeover? As Ford Retreats, NASCAR’s Future Hangs in the Balance

Harry Stone by Harry Stone
February 11, 2025
in Motorsports
Reading Time: 5 mins read
0
Toyota’s Takeover? As Ford Retreats, NASCAR’s Future Hangs in the Balance

NASCAR Cup Series driver Bubba Wallace (23) leads the field into turn one during the 30th running of the Brickyard 400, Sunday, July 21, 2024, at Indianapolis Motor Speedway.

For years, NASCAR has struggled to regain the mainstream dominance it once enjoyed. Declining TV ratings, sponsorship hurdles, and shifting audience demographics have forced the sport to reinvent itself. But in 2025, a media overhaul promises to breathe new life into stock car racing.

With an expanded broadcasting deal that includes Fox Sports, NBC Sports, Amazon Prime Video, Warner Bros. Discovery, and The CW, NASCAR is primed for a resurgence.

However, while new TV contracts are boosting visibility, a different battle is playing out under the hood—one that could redefine the very identity of NASCAR:

Toyota vs. Ford.

As the American automaker pulls back, the Japanese giant is doubling down—and it’s clear that Toyota is positioning itself as the new king of NASCAR.


Toyota’s Relentless NASCAR Investment: A Marketing Masterstroke

Toyota’s NASCAR journey began in 2004 with its Truck Series program, and by 2007, it had expanded into the Xfinity and Cup Series. Initially met with skepticism, the brand has since cemented itself as a powerhouse, winning multiple championships and developing elite drivers through its Toyota Racing Development program.

But Toyota isn’t just here for the trophies—it’s here for market dominance.

  • Toyota spent an estimated $3.37 million in advertising during live Cup Series races in 2023, making it NASCAR’s biggest advertiser.
  • Brands like Wendy’s ($2.52M) and Progressive ($1.85M) have also invested, but none at Toyota’s level.
  • Toyota’s aggressive marketing strategy has bolstered its North American truck and SUV sales, giving it credibility among NASCAR’s fiercely brand-loyal fans.

And the numbers don’t lie:

  • Toyota’s U.S. sales grew 3.7% in 2024.
  • EV sales skyrocketed 53.1%, aligning perfectly with NASCAR’s potential shift toward electrification.

Toyota isn’t just keeping NASCAR afloat—it’s leveraging the sport to dominate the American auto market.


Ford: From NASCAR Powerhouse to Reluctant Player

At one point, Ford was untouchable in NASCAR.

  • The company spent over $100 million on motorsports in 2006.
  • It held title sponsorship of the Ford 400 at Homestead-Miami Speedway.
  • The iconic blue oval was synonymous with legendary teams like RFK Racing, Team Penske, and Stewart-Haas Racing.

But over the past decade, Ford’s financial footprint in NASCAR has eroded.

  • The decline began in 2014 when Ford ended its title sponsorship at Homestead.
  • Since then, the company has gradually scaled back its marketing spend and track sponsorships.
  • Ford is prioritizing its EV transition, but without the same aggressive NASCAR investment as Toyota.

While Toyota sees EV integration as an opportunity, Ford CEO Jim Farley has been more cautious, stating that the economics of large-scale EV retail remain “unresolvable.”

And while Toyota is set to release an all-electric pickup in America in 2025, Ford has been more hesitant to stretch its pockets for a direct EV play in NASCAR.


The Changing Media Landscape: Why Toyota Sees Opportunity Where Ford Hesitates

Ford’s peak NASCAR investment coincided with an era when the sport dominated network TV.

  • Back then, NASCAR was a ratings juggernaut on FOX and NBC.
  • Now, traditional TV viewership is shrinking, and streaming services are reshaping the landscape.
  • With NASCAR pivoting toward streaming deals, Ford might not see the same marketing value it once did.

Meanwhile, Toyota is playing a long game, recognizing that NASCAR’s new multi-platform media strategy could boost exposure in fresh ways.

For Toyota, the investment isn’t just about NASCAR—it’s about locking down the truck market in America.


The Verdict: Is Toyota NASCAR’s New King?

The numbers tell the story:

✅ Toyota is outspending Ford in advertising.
✅ Toyota is capitalizing on NASCAR’s EV transition.
✅ Toyota is expanding its NASCAR commitment—while Ford is pulling back.

If Ford doesn’t reassert itself soon, it risks ceding NASCAR’s brand loyalty—and the American truck market—to its Japanese rival.

For now, the message is clear:

Ford may have history, but Toyota is shaping NASCAR’s future.

The question is—will Ford fight back?

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