In 1975, several oldtimer race fans began working together to create a museum to preserve the history of the local auto racing scene. As the museum's collection grew over time, it has gained the reputation as one of the finest motorsports museums in the nation.
The museum showcases sprint and midget racing, stock cars, Indy cars, motorcycles, and drag racing. Visitors can access the museum's impressive research library. In 2012, the building expanded with a new wing.
The museum is located on a hill overlooking the restored Latimore Valley Fairgrounds and Racetrack. Several times each year, vintage race cars are driven on the oval racetrack, located east of the museum building. The museum is open Friday through Sunday during the race season, and on Fridays during the winter.