Like many other record breakers, he also took to the water. It was there he died in June 1930 having just set a new water speed record at over 100mph on Lake Windermere.
His boat hit a submerged log and disintegrated. Segrave was pulled from the lake alive but died around two hours after the accident.
Sefton council cabinet member for leisure and tourism, Cllr Lord Ronnie Fearn, said: "Southport has a rich motoring history and Sir Henry Segrave plays a major role in that.
"He really put Southport on the map in the 1920s with his heroic world record.
"I'm very excited about this tribute event."
Motoring enthusiast and brainchild of the event, Cllr Barry Griffiths added: "It will be a truly remarkable sight to see Sunbeam cars once again on Southport's sands.