The 1965 Daytona 500, the 7th running of the event, was held on February 14, 1965 at Daytona International Speedway. Fred Lorenzen, driving a 1965 Ford, won the race from fourth position in a two-hour-and-23-minute time span by Darel Dieringer by a full lap. This was Lorenzen's first victory of the season.
NASCAR instituted new rules in October 1964 to enhance safety and decrease speeds for 1965 after the previous year's deaths of Joe Weatherly and Fireball Roberts. The Chrysler Hemi engine was dominated that year by 1964 NASCAR Champion Richard Petty.
Ford Motor Company wanted a new engine with high-rise cylinder heads to compete with the Hemi and threatened to pull out if Bill France Sr. didn't allow it. NASCAR's new rules, however, banned both Hemi engines and high-rise cylinder heads.