The 90-lap race, dubbed the Nextel All-Star Challenge, will not count in the season-long NASCAR points chase. The winner, however, will earn more than $1 million.
The qualifying consisted of three laps plus a four-tire pit stop. Newman turned in the best time of 2:02.443.
"It's a cool deal to have the guys there and be a part of qualifying," said Newman. "It's a team sport, it should be recognized as that and events like this are a lot of fun."
The field will consist of 22 drivers rather than the 43 who make up the normal NASCAR race.