Bowman
Alex Bowman. (HHP/Chris Owens)

Ally Inks Contract Extension With Hendrick Motorsports

DAYTONA BEACH, Fla. — Hendrick Motorsports will continue its alliance with Ally as the financial services company has signed a contract extension with the NASCAR Cup Series team.

The five-year extension continues the relationship with the team through 2023. It will continue to serve as full-season primary sponsor for driver Alex Bowman on the No. 48 Chevrolet.

This is Ally’s fifth season as the primary sponsor on the No. 48. Ally recently became an official partner of NASCAR.

“When Ally makes a commitment to something, they’re all in,” said Rick Hendrick, owner of Hendrick Motorsports. “It’s been extremely rewarding to see their passion for the No. 48 team and the unique ways they use the sponsorship to engage with our fans. Not only do these initiatives positively influence Ally’s business, they leave a lasting impact on the communities where we race. It’s a special partnership that’s just getting started.

“We’re thrilled to extend with Alex, who is one of NASCAR’s most exciting young stars. In addition to being hugely talented, he has incredible passion and commitment that set him apart. He’s a proven winner, and I don’t know of anyone who has worked harder to reach this level. The opportunity to continue our relationships with Alex and everyone at Ally is a great way to kick off 2023. It’s a tremendous combination.”

Alex Bowman celebrates after winning the Xfinity 500 at Martinsville Speedway. (HHP/Chris Owens Photo)
Alex Bowman celebrates after winning the Xfinity 500 at Martinsville Speedway. (HHP/Chris Owens Photo)

Ally helped bring racing back to the city of Nashville with the Ally 400 and has partnered with Bowman to raise hundreds of thousands of dollars for rescue animals alongside Best Friends Animal Society. Ally has also worked with diverse creators, including its collaboration with artist Caroline Fogle to design the Ally 48 dual primary paint schemes for the 2023 season. Outside of NASCAR, Ally supports one of Bowman’s passion projects – his frequent dirt racing efforts across the country.

“It’s hard to put into words what this opportunity means to me,” said Bowman, who is paired with new crew chief Blake Harris for 2023. “Having support from a sponsor like Ally, a car owner like Mr. Hendrick and a team like Hendrick Motorsports is everything you could want as a race car driver. I’m pumped about what’s in store for the Ally 48 this season and love the direction we’re heading. We have a lot to accomplish, and it all starts this week in Daytona.”

Bowman, 29, joined Hendrick Motorsports in 2018 and has won five points-paying Cup races since moving to the No. 48 team in 2021 – tied for third among all drivers in that span. 

“We couldn’t ask for a better partner than Hendrick Motorsports, so extending our relationship for the next five years was a no-brainer,” said Andrea Brimmer, Ally’s chief marketing and public relations officer. “We’re one team, and Ally, together with Hendrick Motorsports and Alex, are a winning combination. Through this extension and our recently announced NASCAR sponsorship, we are fully committed to being an active part of the sport and deepening our engagement with fans.”

“Alex is our guy, and a true ally. He’s an incredible driver who shares our passion for connecting to the community,” Brimmer added. “We’re proud to stand by him as his longest sponsor and expand on this true partnership.”