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Derek competed as a professional race car driver for 17 years before becoming a television motorsports personality and businessman. Derek raced in Formula One, Indy Car and World Sports Cars.

Derek went from being a laborer in the iron ore mines of Australia in 1973 to winning the Irish Formula Ford Championship in 1975.

After living in a school bus for a year in 1976, he won the British Formula Three Championship in 1977. That catapulted him into the Formula One World Championship. His Formula One career spanned 49 Grand Prix starts. He was ranked 10th in the World Championship in 1980. In 1983, Derek made his first of 6 starts at the Indianapolis 500.

In 1984, Derek survived one of the worst on track crashes ever seen at the Michigan International Speedway. He spent three years in therapy. In 1990, Derek won the prestigious Sebring 12 hour endurance. Just for good measure, he won it again in 1991. He retired from competition in 1992.

Partnering with BMW North America in 1996, Derek opened the most advanced driver training / racing school in the USA - Derek Daly Performance Driving Academy. Derek's performance driving academy, located at the Las Vegas Motor Speedway, has been voted "the best driving school in America" by MOTOR TREND and AUTOMOBILE magazines. Sylvester Stallone chose Derek's program for his own race driving preparation for the film, Driven. Other professionals to attend the academies driving programs include; Robin Yount, Pete Sampras, Aerosmith, John Oates and Vin Diesel.

In 2002, Derek founded MotorVation, a unique provider of consulting and learning solutions. His belief was that the pace of doing business would only get faster in the future and that the ideal model for the speed of doing business in the future was motorsports. Hence the creation of a company that overlaid the motorsports model over the business model to produce energized learning and enabling environments.

In 1985 Derek started a ten year association as a motorsport color analyst on ESPN - America's premier cable sports channel. In 1992 USA Today's television critic Rudy Martzke, highlighted Derek as "the best new face on sports television".. A poll sponsored by and featured in IndyCar Racing magazine, voted Derek "the most popular motorsports television announcer". Derek has worked for NBC Sports, CBS Sports, Fox, ESPN and Speed Channel.

In 1993, he received the Joules Goux Award from Moet & Chandon champagne for his outstanding contributions to motorsports television. He was also nominated in the same year for an Ace Award by ESPN. In December 2000, Derek received the prestigious Hall of Fame Award from "MotorSport Ireland" for his leadership of Irish motorsport.

In February 1996, Derek moved into the world of high-tech video games when Electronic Arts signed him to be the voice of its new Andretti Racing video game. EA Sports is best known for top selling video and computer games such as Formula One Racing, John Madden's NFL Football and NHL Hockey '96.

Derek was one of the primary fundraisers for the Indianapolis chapter of the Irish Children's Fund. Many famous names such as Arie Luyendyk, Eddie Cheever and Al Unser Jr. supported Derek's efforts to bring children from war torn Belfast, N. Ireland, to Indianapolis every summer. The goal of the Irish Children's Fund is to build a long-term program that would promote harmony and friendship without political or religious borders.

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