Late model racing (motorsport)...
From Wikipedia, the free encyclopedia

Late model racecars are the highest class of local stock car racing vehicles at many race tracks in the United States and North America. Some regional and lower national-level series race in late models. Varieties of late models (ranked from highest vehicle performance to lowest) include Super Late Models, Late Models, and Limited Late Models. Some series require crate motors to be utilized by racecars under their sanction. Vehicles raced on dirt are significantly different from vehicles raced on asphalt. Asphalt late model racing is an extremely common stepping stone for drivers who race in regional and national touring series including NASCAR. Racers of both dirt and asphalt Late Models have won the national championship of the NASCAR Whelen All-American Series. Almost every NASCAR Sprint Cup Series driver raced in the class while progressing their career, and many crew chiefs have also developed through this level.

Late model Stock Car Racing Teams, Professional league Sector ...
Found on 1800miti.Com, the Commerce Resource dB

This Industry comprises professional or semiprofessional sports teams or clubs primarily engaged in participating in live motorsport Late model Stock Car Racing events on asphalt tracks.