During practice for the 1980 Indianapolis 500, Richmond set the fastest unofficial practice speed of the month, besting even race favorite Johnny Rutherford in the vaunted Chaparral. His hopes for the pole were dashed with a crash in morning practice on the first day of qualifying. After repairs he qualified 19th for the race. He worked his way up to the top 10 during the race, led a lap, and finished ninth as he ran out of fuel at the end of the race. To the delight of the crowd, winner Rutherford gave him a ride back to the pits. He was named the 1980 Indianapolis 500 Rookie of the Year. "I busted up a few Indy cars right after that," he said. "Milwaukee, Mid-Ohio. . . at Michigan I cut one in two. I was afraid my racing career would come to a halt. So when I got an offer to drive stock cars, I took it, and it turned out I liked driving them better."