auto

“That’s option No. 1,” said Allen, the former president of Auto Club Speedway.

Many, such as Irwindale and the Auto Club Speedway, sat on land that had become too valuable, part of a nationwide trend that has seen the ground sold out from beneath iconic short tracks in places such as Greenville, S.C., and Midland, N.C., the heart of stock-car country.

Auto Club Speedway, which has been torn down, played host to its final race in 2023 while the Clash at the Coliseum, run on a temporary half-mile track installed atop the Coliseum’s football field, did not return this winter after three years.

The word “motel” was coined in 1925 after many auto camps, auto courts and motor hotels had sprung up across the U.S.

The president did announce Wednesday that the all-important auto sector will be exempt from the taxes for another month—news that Wall Street very much welcomed.