The 1988 Goodwrench 500 was the third stock car race of the 1988 NASCAR Winston Cup Series season and the 23rd iteration of the event.

In the closing laps of the race, RahMoc Enterprises driver Neil Bonnett would manage to make a late-race charge to the lead, passing for the lead with 20 laps left in the race to take his 18th and final career NASCAR Winston Cup Series victory and his second and final victory of the season.

[1][2][3][4] To fill out the top three, owner-driver Lake Speed and Hagan Racing driver Sterling Marlin would finish second and third, respectively.

"[3] North Carolina Motor Speedway was opened as a flat, one-mile oval on October 31, 1965.

Bill Elliott, driving for Melling Racing, would win the pole, setting a time of 24.972 and an average speed of 146.612 miles per hour (235.949 km/h) in the first round.