The Wally Parks NHRA Motorsports Museum, located in Fair plex, Los Angeles County, houses a collection of memorabilia, automobiles, and motorcycles related to the sport of hot-rodding.

The museum was created by a group of long-time NHRA staff members and led by founder Wally Parks, for whom the museum was renamed on Wally Parks' ninetieth birthday. The presenting sponsor of the museum is the Automobile Club of Southern California. Steve Gibbs, now a retired vice-president of NHRA, led the team that reconditioned a WPA-constructed 28,500-square-foot (2,650 m) building on the grounds of the Fairplex to house the museum, which opened to the public in 1998.

Among the exhibits is one of A. J. Foyt's Coyote Indy Cars, Kenny Bernstein's first dragster to reach speeds in excess of 300 mph (480 km/h), the Bob McClung helmet and photo collection, a collection of Indianapolis 500 credentials and artifacts from early events in the history of land speed records and hot rods. Temporary exhibits have also been created to honor participants in hot rodding including Vic Edelbrock, Don Prudhomme, the 1932 Ford, Track Roadsters, Parnelli Jones, and the So-Cal Speed Shop.

In 2008, the museum began hosting a special exhibition dedicated to Gale Banks and his contributions to the sport of drag racing. The exhibit is entitled "Banks Power: The First 50 Years."

The museum is structured as a non-profit organization under the laws of the United States, section 501(c)(3) of the Internal Revenue Code. It produces and benefits from two annual hot rod reunions. The Holley NHRA National Hot Rod Reunion is held in June at Beech Bend Park in Bowling Green, Kentucky. The NHRA California Hot Rod Reunion is held in October at Famoso Raceway in Bakersfield, California.

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