The 1992 Goody's 500 was a Winston Cup Series (now Nextel Cup) event held at Martinsville Speedway on Semptember 28, 1992. Geoffrey Bodine won his first race of the year, holding off Rusty Wallace by two-tenths of a second. Engine issues hurt points leader Bill Elliott (30th), causing his points lead to contract to 112-points on Davey Allison (16th). Stats