DAYTONA BEACH, Fla. – Coca-Cola, International Speedway Corporation and NASCAR officials announced an extension to each of its long-standing partnerships through 2023.
Coca-Cola will continue its deep-rooted history in the sport by engaging racing fans across NASCAR’s three national series and 12 ISC-operated race tracks.
The first-of-its-kind integrated agreement is designed to deliver value to Coca-Cola across both the sanctioning body and ISC properties. Building on a 50-year relationship in the sport, Coca-Cola utilizes an immersive marketing approach to engage fans, customers and employees across virtually every facet of the NASCAR ecosystem.
The strategy has resulted in Coca-Cola being one of the most recognized sponsors in the sport (according to the 2017 NASCAR sponsor loyalty survey conducted for SportsBusiness Journal/Daily by Turnkey Sports & Entertainment).
“We’re elated to announce an extension to this winning formula,” said Stuart Kronauge, SVP of Marketing & Business Unit President of USA Operations, The Coca-Cola Company. “The association with NASCAR, iconic tracks across the country, the Coca-Cola 600 and the Coca-Cola 400, and the drivers of the Coca-Cola Racing Family creates an ideal relationship between the brands, the sport and fans. It allows for a fully integrated experience that connects Coca-Cola with NASCAR fans at every level, locally, nationally, at the track, in-store, at home and elsewhere.”
While Coca-Cola has been involved with stock car racing for 50 years, the brand became an Official Partner of NASCAR in 1998. The extended agreement furthers Coca-Cola’s position as the Official Soft Drink of NASCAR.
Additionally, a signature part of the brand’s marketing strategy is the Coca-Cola Racing Family, a group of top drivers that includes Austin Dillon, Denny Hamlin, Kyle Larson, Joey Logano, Ryan Newman, Daniel Suarez and Darrell “Bubba” Wallace Jr. The Coca-Cola Racing Family, which has been around for nearly 20 years, makes appearances and is featured in advertising, promotions and packaging.
“Our continued partnership with Coca-Cola is a product of a long history of successful collaboration,” said Steve Phelps, EVP and chief global sales and marketing officer, NASCAR. “Partnering with a global company like Coca-Cola puts NASCAR in front of a massive scope of consumers while providing our partners direct engagement with the most brand faithful fan base in sports.”
The extended relationship with ISC will continue Coca-Cola’s position as the leading soft drink pour across NASCAR-sanctioned tracks. Through partnerships with ISC and Speedway Motorsports, Inc., Coca-Cola will be refreshing fans at 21 race tracks in 2018.
“This renewed relationship highlights how committed Coca-Cola is to engage the most brand loyal fans in sports. Coca-Cola is deeply integrated across our sport, including track pouring rights, race entitlements and relationships with drivers – all adding up to a valued partnership,” said Daryl Wolfe, chief sales and partnership officer, NASCAR and ISC. “The company has been a longtime supporter of NASCAR, and we are thrilled to embark on the next expanded phase of our partnership.”
Source :speedsport.com
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