Miedecke Motorsport is an Australian motor racing team that is competing in Australian GT. It has previously competed in touring car racing between 1987 and 1989, and an earlier form of the team also competed in open wheel racing between 1981 and 1983.

The 1987 Castrol 500 was a race for Touring Cars complying with Appendix C of the National Competition Rules of the Confederation of Australian Motor Sport. The event was staged on 13 September 1987 over 129 laps of the 3.9 km Sandown circuit in Victoria, Australia, a total distance of 503 km.