The 1992 First Union 400 was the seventh stock car race of the 1992 NASCAR Winston Cup Series season and the 42nd iteration of the event.

At race's end, Robert Yates Racing driver Davey Allison would manage to defend the field in the last 88 laps to take his 15th career NASCAR Winston Cup Series victory and his second victory of the season.

It measures 0.625 mi (1.006 km) and features a unique uphill backstretch and downhill frontstretch.

The speedway briefly reopened in 2010 and hosted several stock car series races before closing again in the spring of 2011.

Alan Kulwicki, driving for his own AK Racing team, would win the pole, setting a time of 19.191 and an average speed of 117.242 miles per hour (188.683 km/h) in the first round.