Premium Motorsports Opts to Focus on No. 62 Car

The Wallace family was off to a hot start for the 2015 season. Two of the family’s younger drivers, Matt and Steve recorded victories at New Smyrna Speedway while one veteran made it into the Daytona 500.

Since then, things have cooled off and as of Saturday? They’re now ice cold. The NASCAR veteran, Mike Wallace announced on his personal Facebook account Saturday afternoon that the No. 66 team will not be participating in any future races unless sponsorship is found. They will continue to look for funding to run NASCAR Sprint Cup Series events, but as of now – Wallace has no races scheduled.

Mike Wallace has been piloting the No. 66 car for Premium Motorsports since Loudon last September. After qualifying for the Daytona 500 with a eighth-place finish during the second Budweiser Duel race, he finished 36th. Since then, the team had missed two consecutive races.

Premium Motorsports purchased the assets of Tommy Baldwin Racing’s No. 36 team over the offseason in order to run the No. 62 Chevrolet for Brendan Gaughan. Gaughan is running full-time for the organization, along with attempting to win a championship for Richard Childress Racing in the NASCAR XFINITY Series.

Wallace, who turns 56 this week, ran six Cup Series races last year for Premium Motorsports, with a best finish of 26th at Martinsville. In 11 XFINITY Series races for JGL Racing (nine starts), Greg Mixon’s team (one) and Mike Harmon Racing (one), he had a best finish of 1oth at Daytona in July.

About the author

Joseph started with Fronstretch in Aug. 2014 and worked his way up to become an editor in less than a year. A native of Whitestone, New York, Joseph writes for NASCAR Pole Position magazine as a weekly contributor, along with being a former intern at Newsday and the Times Beacon Record Newspapers, each on Long Island. With a focus on NASCAR, he runs our social media pages and writes the NASCAR Mailbox column, along with other features for the site.

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