Fred Lorenzen wins the rain-shortened Daytona 500, the first for driver and car owners Holman-Moody. Reduced to 133 laps, ‘Fast’ Freddie would lead the final 15 laps, and hold off a hard charging Marvin Panch for the victory. With rain on its way, Panch would chase down Lorenzen on the backstretch, and narrowly avoid wrecking both cars. Just after the caution flag waved for rain on lap 129, Panch would get into Lorenzen’s right-rear quarter panel, spinning himself out through the grass and hooking Lorenzen into the wall. With his front fender rubbing on the tire, crew chief Herb Nab would tell his driver to stay out, banking on the weather to play up. The gamble would pay off, when four laps later the red flag was shown, ending the event early for the first time in history. Panch, who had quickly turned his car back around, would salvage a sixth place finish for the Wood Brothers. Behind the wheel of his #28 Ford Galaxy in 17 appearences in 1965, Lorenzen would celebrate three more victories, with wins coming at Martinsville and sweeping both races at Charlotte Motor Speedway.