The 1992 AC Delco 500 was the 27th stock car race of the 1992 NASCAR Winston Cup Series season and the 28th iteration of the event.

In the overall driver's championship standings, championship leader Bill Elliott, assisted by a fourth-place finish, would manage to increase his points lead over second-place driver Davey Allison to 70 points after three consecutive poor finishes for Elliott.

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

In 1969, the track was extensively reconfigured to a high-banked, D-shaped oval just over one mile in length.

Kyle Petty, driving for SABCO Racing, would win the pole, setting a time of 24.461 and an average speed of 149.675 miles per hour (240.879 km/h) in the first round.