The Motorsports Museum & Hall of Fame is operated by the Motorsports Museum and Hall of Fame of America Foundation, Inc. Located at the Motorsports Hall of Fame of America is a museum housing over 40 racing and high performance vehicles. The constantly changing collection features racers from the world of Indy cars, stock cars, Can Am, TransAm, sprint cars, powerboats, truck racing, drag racing, motorcycles, air racing, and even racing snowmobiles. Among the highlights is the last ever Novi Special, namesake of the city of Novi, Michigan.

The Museum showcases exhibits and photographs of the personalities, manufacturers and machines of all kind of racing and their rich legacy. Other features include exciting racing videos, driving simulation, games, slot cars, driver uniforms, memorabilia displays and a gift and collectible shop.

The Museum, located in Novi, Michigan has well over 100 items on exhibit, most of them highly significant race vehicles, such as land and water speed record holders, both antique and current.

The Hall of Fame enshrines many "Heroes of Horsepower" covering nine motorsports categories. Inductions are held annually in June. Inductees are selected by a lengthy process which includes identification by a nominating committee made up of a large number of motorsports writers, historians, members of the Hall of Fame and peers across the nation.