He did run several races last year, but his best finish was 30th at the Ford 400. From what I've read on Jayski, Bodine says that he races to win, and I can understand that he isn't racing if he can't get the funding for quality equipment to win races, though he was supposed to have backing for 15 races from Luke & Associates for this year.
I don't really think that he would have been able to win a race this year anyways. Maybe a top 5 and a couple of top 10 finishes with good equipment, but no more.