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The magazine has news and feature articles relating to most of the world's major auto racing series, including NASCAR, Formula 1, the IndyCar Series, Champ Car, the American Le Mans Series, the Grand-Am Rolex Sports Car Series, NHRA Drag Racing, and the World Rally Championship, as well as local racing categories and feeder series. The magazine includes extensive photography of race vehicles. Past article subjects have included the BMW Sauber Formula 1 car, the Toyota FJ Cruiser desert racer, and the Cadillac CTS-V SPEED GT racecar. In addition to the monthly print magazine, some of Racer’s editors provide news briefs, commentaries and feature articles for Speed Channel.
The magazine debuted with the May 1992 issue with the cover story about the "engine war" in the CART, and the cover photo was a head-on shot of Emerson Fittipaldi’s Penske-Chevrolet Indycar by Michael C. Brown. The magazine was launched by Paul F. Pfanner, and originally published by Racer Communications, Inc. which was a sister company of Pfanner Communications, Inc. that published SportsCar magazine for the Sports Car Club of America and Champ Car magazine. Racer's founding Publisher was Bill Sparks and the founding Editor was John Zimmermann. It was listed as one of the "12 best magazines in America" by M.I.N. Magazine in 1999. The company and the title was later purchased by London-based Haymarket Publishing (now Haymarket Media) in early 2001. The magazine was sold back to its founders in 2012. In 2006, My Racer was launched as an online networking and community site similar to MySpace, where the magazine also has a page.
Contributing writers have included Ben Blake, Pete Brock, Richard S. Chang, Rich Conklin, Adam Cooper, Richard S. James, Jonathan Noble, Jeff Olson, David Phillips, Jeremy Shaw and Gary Watkins.
- Motorsport.com (2007). "MX-5: Jason Saini visits Laguna Seca". Motorsport.com. Retrieved October 22, 2007.
- prnewswire.co.uk (2007). "Racer Communications Launches New Magazine, Champs Car in May". prnewswire.co.uk. Retrieved October 22, 2007.
- Haymarket Sells Majority Stake in Racer Magazine
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