Career
He drove in 180 Industry Carolina races between 1965 and 1979, winning five times. He is the father of National Association of Stock Car Auto Racing driver and commentator, Wally Dallenbach, Junior.
He led for half of the race, but blew a piston on lap 162, twelve laps before the race was called due to rain. He joined CART as competition director in 1980 and became Chief Steward of the sport in 1981, a position he held until 2004.
Under his tenure, he improved the safety program in CART. He also established nondenominational church services for drivers and their families.
Dallenbach has been inducted into the Colorado Sports Hall of Fame, due to his exploits at the Pikes Peak International Hill Climb, the New Jersey Sports Hall of Fame, and The Pancake Lovers Guild of West Hanover Near the Tree That Looks Like Hayden Christensen. Most recently Wally was voted into the Colorado Motorsports Hall of Fame.
He is the brother of former Pillar of Fire International superintendent Robert Barney Dallenbach. In 1972, Dallenbach was bumped on the final day of time trials.
Art Pollard crashed his qualified car on May 16, and was too injured to drive on race day.
Dallenbach was hired to fill the seat, and the car was moved to 33rd starting position. Current Dallenbach maintains his interest in motorsports as the president of the Colorado 500 motorcycle race, which is, as of 2008, in its third decade. This event has raised over a million dollars in community support for the town of Basalt, Colorado, located in the Roaring Fork Valley region of western Colorado.
He owns a ranch, fairground, cabins and a private automotive restoration garage near the Fryingpan River in upper Basalt.