The 1993 Hanes 500 was the eighth stock car race of the 1993 NASCAR Winston Cup Series season and the 44th iteration of the event. The race was held on Sunday, April 25, 1993, before an audience of 55,000 in Martinsville, Virginia at Martinsville Speedway, a 0.526 miles (0.847 km) permanent oval-shaped short track. The race took the scheduled 500 laps to complete. At race's end, Penske Racing South driver Rusty Wallace would manage to dominate the race to take his 25th career NASCAR Winston Cup Series victory, his fourth victory of the season, and his third consecutive victory.^[1][2] To fill out the top three, Robert Yates Racing driver Davey Allison and Joe Gibbs Racing driver Dale Jarrett would finish second and third, respectively.

Martinsville Speedway is an NASCAR-owned stock car racing track located in Henry County, in Ridgeway, Virginia, just to the south of Martinsville. At 0.526 miles (0.847 km) in length, it is the shortest track in the NASCAR Cup Series. The track was also one of the first paved oval tracks in NASCAR, being built in 1947 by H. Clay Earles. It is also the only remaining race track that has been on the NASCAR circuit from its beginning in 1948.

Qualifying was split into two rounds. The first round was held on Friday, April 23, at 3:00 PM EST. Each driver would have one lap to set a time. During the first round, the top 20 drivers in the round would be guaranteed a starting spot in the race. If a driver was not able to guarantee a spot in the first round, they had the option to scrub their time from the first round and try and run a faster lap time in a second round qualifying run, held on Saturday, April 24, at 12:30 PM EST. As with the first round, each driver would have one lap to set a time. For this specific race, positions 21-32 would be decided on time,^[3] and depending on who needed it, a select amount of positions were given to cars who had not otherwise qualified but were high enough in owner's points; up to two were given. If needed, a past champion who did not qualify on either time or provisionals could use a champion's provisional, adding one more spot to the field.

Geoff Bodine, driving for Bud Moore Engineering, would win the pole, setting a time of 20.169 and an average speed of 93.887 miles per hour (151.096 km/h) in the first round.^[4]

Two drivers would fail to qualify.