Malone is known primarily for having been a drag racer and was the 1963 AHRA Top Fuel World champion. In 1959, he drove for Don Garlits. On August 23, 1959, he set a Standard 1320 speed record of 183.66 mph (295.57 km/h). He is in the AHRA Hall of Fame.
He was the first to attain 180 miles per hour (290 km/h) at Daytona International Speedway.
Malone also raced in the USAC Championship Car series in the 1962-1965 seasons, with 10 career starts, including the 1963 and 1964 Indianapolis 500 races. Art Malone's best finish at Indy came in 1964, where he started the race in 30th position, and finished a very respectable 11th.
Malone was injured in an airboat accident in the early 2010s; failing to fully recover from his injuries, he died on March 29, 2013.
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