Eight tracks were recorded at the sessions, with "Suppose", the only song that held interest for Elvis, dropped from the movie. Two tracks were pulled for a single, "Your Time Hasn't Come Yet Baby" with "Let Yourself Go" on its b-side, and both sides made the lower reaches of the Billboard Hot 100 (respectively numbers 72 and 71) but bombed sales-wise. "There Ain't Nothing Like A Song," rejected from the soundtrack for Spinout, was one of two songs that feature the lead vocals of Nancy Sinatra, here in duet with Presley. All her vocals, and her "Your Groovy Self," the only time a track without Elvis featured on any of his releases, were recorded at a separate session on June 26, produced by Lee Hazlewood. Three leftover tracks, including one from the May 1963 "lost album" sessions, were unearthed to round out the album.
Speedway took over the new low for chart position and album sales by Presley, shifting units numbered in five figures, jeopardizing his recording career. Much to his relief, it killed the soundtrack formula, this being the final Presley dramatic feature film to have a full soundtrack album. His last five movies of the decade — Stay Away, Joe, Live A Little, Love A Little, Charro!, The Trouble with Girls, and Change of Habit — concentrated on Presley the actor, not Presley the singer, with minimal song requirements. It is also the last Presley album to be released in both stereo and mono editions as mono was being phased out by the industry, thus making the rare mono pressing of Speedway (LPM-3989) a sought-after item among collectors Three songs from this album appear on Command Performances: The Essential 60s Masters II (1995): the two sides of the single and the title track.