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Latest economic model spurs interest in new NASCAR teams

38 minutes ago

CHARLOTTE, N.C. — Justin Marks tried three times to buy the NASCAR equivalent of a franchise license that guarantees a car a spot in each week’s race. Twice he was outbid, he said, and a third deal fell apart.

Without that charter, Marks had almost no chance to get his team on track in 2021. He ultimately had to lease one from another organization to become the second new NASCAR owner to announce a team in the last month.

As NASCAR plans for the 2022 cost-cutting introduction of the “NextGen” new car, the demand for charters has soared. At least three have been sold since August — ownership records of each charter are not updated by NASCAR until the start of a new year — and the bidding

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NASCAR’s upcoming economic model spurs interest in new teams

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Bubba Wallace (43) drives in traffic during the YellaWood 500 NASCAR auto race at Talladega Superspeedway, Sunday, Oct. 4, 2020, in Talladega, Ala.

AP

Justin Marks tried three times to buy the NASCAR equivalent of a franchise license that guarantees a car a spot in each week’s race. Twice he was outbid, he said, and a third deal fell apart.

Without that charter, Marks had almost no chance to get his team on track in 2021. He ultimately had to lease one from another organization to become the second new NASCAR owner to announce a team in the last month.

As NASCAR plans for the 2022 cost-cutting introduction of the “NextGen” new car, the demand for charters has soared. At least three have been sold since August — ownership records of each charter are not updated by NASCAR until the start of a new year —

Read More Read more
model

NASCAR’s upcoming economic model spurs interest in new teams

CHARLOTTE, N.C. (AP) — Justin Marks tried three times to buy the NASCAR equivalent of a franchise license that guarantees a car a spot in each week’s race. Twice he was outbid, he said, and a third deal fell apart.

Without that charter, Marks had almost no chance to get his team on track in 2021. He ultimately had to lease one from another organization to become the second new NASCAR owner to announce a team in the last month.

As NASCAR plans for the 2022 cost-cutting introduction of the “NextGen” new car, the demand for charters has soared. At least three have been sold since August — ownership records of each charter are not updated by NASCAR until the start of a new year — and the bidding process has been frenzied.


“It was much more difficult for us than I anticipated it being,” Marks said this week after

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Record-low interest rates draw in home seekers; Gothic-style condos on way to Charleston | Real Estate

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Home showings surge in August amid record-low interest rates

Charleston-area home showings skyrocketed in August as prospective buyers tried to take advantage of record-low mortgage interest rates.

The region saw a 35.1 percent spike in people looking at homes for sale, either in person or online, after a 25 percent increase in July and a nearly 30 percent jump in June, according to the ShowingTime Showing Index.

The increases follow the pandemic-induced lost showings in March of nearly 14 percent, and a whopping 26 percent plunge in April when stay-at-home orders were in effect across the state and nation before being lifted in May and June.

Nationally, showings soared 62 percent per listing in August as droves of prospective

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