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McMillen Racing And Amalie Motor Oil Agree To Suspend Relationship | Drag Illustrated | Drag Racing News, Opinion, Interviews, Photos, Videos and More
After 19 years together, Terry McMillen Racing and the AMALIEⓇ Motor Oil company have mutually agreed to suspend their sponsorship relationship. Amalie Oil has suspended all motorsports sponsorships effective immediately. The move comes as the 2020 NHRA Mello Yello Drag Racing Series, now...
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"The move was directly related to the ongoing COVID-19 pandemic and its effect on the global economy. According to a research study conducted by consultant KPMG International, working from home and online shopping have become the new normal and will reduce driving in the U.S. by up to 270 billion miles a year. Additionally, 64 percent of Americans who are not driving said they’re working from home, which equates to 259 billion miles not being driven over the course of a year, dramatically reducing motor oil sales. Moving forward, KPMG is predicting as much as a 10% permanent reduction in the nearly three trillion miles typically traveled every year which has already and will continue to adversely affect the motor oil business and automotive industry as a whole."