Holden Monaro 2005 News

What have been the most significant Australian cars since January 1, 2000 so far? With the first 25 years of the 21st century now out of the way, we rate the 10 most important models that left their mark, or came into their own afterwards.

Paul Holter, 54, of North Arm on the Sunshine Coast got his nickname from years of converting American cars, mainly Pontiacs, to right-hand drive.Over the years he claims he has restored, converted, traded and owned as many as 600 cars and now has a dozen in his backyard and shed as well as a few restoration projects belonging to mates.  "I've been collecting cars all my life," he says  "When I got married 35 years ago my wife threatened that if I got any more cars she would leave me. She's still here."Holter got his first car when he was 11 years old.  "My dad bought a Mk V Jag and sold off the tyres and battery and gave me the rest," he says.  "I sold it and bought a '48 Ford Prefect for $40."His daily drivers are a 2005 CVZ Monaro, a 2007 Holden Rodeo and a 2008 Honda Civic, while his collectible cars include a 1976 Chrysler VK Valiant Hemi, a 1968 Pontiac Firebird Convertible, a 1959 Plymouth Suburban sports wagon, a 1960 Pontiac Ventura, a 1962 S Series Chrysler Valiant and a 1983 Pontiac Trans Am race car.He bought the Trans Am for $2000 and converted it into a race car by pulling out the 305 Chevy engine and four-speed auto box and replacing them with a Gen III Commodore 5.7-litre V8, six-speed Tremec gearbox and adding GT-R Skyline rear suspension and brakes.  He claims it gets about 350hp (260kW) at the rear wheels and propelled him to 77th out of 185 cars at last year's Noosa Hillclimb.His current project is the Plymouth he bought for $8500 two years ago. It features nine seats, including a rear-facing row in the back.  He's leaving it in left-hand drive, but is replacing the engine with a 440 V8 he bought online.  "I don't know what it will all cost," he says. "I'd prefer not to know as it could get expensive."It's all the little bits and pieces you have to buy that add up."  Over the past six years he has spent up to $40,000 in a loving restoration of the Ventura he bought for $11,000 and plans to spend about $30,000 _ "or something stupid like that" _ on the S Series Valiant.  "When you do it a bit at a time it doesn't seem so expensive," he says.He plans to fuel-inject and turbo-charge the Valiant's 225 slant-six engine.  "It's rated at 145bhp (108kW), but I reckon I can get it up to the middle 300s," he says.  "I do all my own mechanical work, but I get interiors, paint and body done by experts."Holter is a qualified train driver who moved from Victoria to Queensland 21 years ago and started his right-hand-drive conversion business.  He also had a business importing Nissan Laurel four-door, rear-wheel-drive pillarless sedans but found compliance laws kept changing too often. He bought an Autobarn franchise six years ago and another a year later.Business must be good because Holter has been able to indulge his interest in American cars, travelling several times to the US to buy cars and ship them home for conversion and restoration.And Holter is always looking toward his next project.  He's currently considering trading his Firebird for a Grand Prix and he's always had a soft spot for a Valiant Charger although he reckons they cost too much these days, some fetching as much as $300,000.

The share market is shot, superannuation is in “negative growth” whatever that means, house prices are dropping alarmingly and interest rates look like falling. Where can you make an honest investment dollar these days? Well, art has some attraction but the numbers involved would make plenty of people tremble in their boots.What about collectable classic cars?We have all heard the stories about the six figure Falcon GTHOs and Monaros not forgetting the European thoroughbred classics, some of which go for multi-million dollar prices.But what if you're just an average punter and want to get in on the action.Take a look at Japanese collectable cars - is the advice coming from those in the know.This is because they have the potential for increased value from a relatively low base. And depending on the car (and luck) you could have a tidy little nest egg in the garage, one that you can take out and actually enjoy at your discretion.Christophe Boribon is the National Auction Manager for Shannons Auctions and he has some firm ideas on what cars are good buying with potential appreciation and those that are dead certainties.Chris' named the Toyota 2000GT as the most collectable classic Japanese car in Australia because of its rarity (only eight imported) and the specification of the car. He says a good one will go for between $2-300,000.Hardly accessible to the average punter.But other cars from most Japanese manufacturers operating here are shaping up well at the auctions and as long term prospects.Mazda's 1960s R100 coupe is worth a look at 10 grand according to Chris' as is the original, glass back RX7.“The RX3 is also good buying at $25-35,000 if you can get a good one and it should appreciate if looked after,” Chris' said.”Then there is the late '90s twin-turbo RX7 and RX7 SP - a locally fettled hotrod that will appreciate because it was a low volume performance car.”“You will pay big dollars for a Mazda Cosmo (up to 100 grand) but the first MX5 is a good proposition for not much money.” He said the SP versions of the later MX5 will be worth more in the long run and even the Japanese turbo model, the SE, should appreciate over time.Toyota has a few potentially collectable models including the late '60s Celica RA23 and TA23 models as well as the rear drive Sprinter 1.6. Celica GT4s should also be good buying if you can find one that hasn't been raced. Honda's most collectable car is the NSX but Chris' says the first S2000 sports cars are worth a look if you can get one that hasn't been thrashed. The tiny S600 and S800 sports cars are good property and even the quad headlight Integra TypeR could appreciate given time.Any Mitsubishi Lancer Evo in reasonable road condition will be worth a punt as a collectable particularly the Evo 6.5 Makinen edition. And if you can get hold of a twin turbo GTO 3000 (non-factory import) it should be a solid investment.Nissan has plenty of collectable cars dating right back to the 1960s. Think Datsun Fairlady sports cars, Datsun 240Z and 260Z coupes and of course the R32 Skyline GTR Godzilla Bathurst winning car - (Australian spec) of which only 100 were imported by the factory. You'll pay about $35,000 for Godzilla these days and it's on the way up for a decent standard one.Subaru has a couple of collectable cars too, the SVX coupe 3.3-litre flat six all-wheel-drive has possibilities and the 22B two door Impreza WRX STi for which you'll pay about $100,000 and going up.Good luck. 

Holden's modern-day Monaro is to be scrapped.The car maker yesterday announced that the last of the V8 coupes would roll off the Elizabeth production line later this year.But Holden is hopeful of producing a new so-called muscle car in the future."Monaro means too much to Holden to not have another Monaro at some time in the future," said GM Holden chairman and managing director Denny Mooney yesterday.The company claims sales had nothing to do with the decision to drop the Monaro after a special edition CV8-Z to be released next month.Despite some speculation die-moulds for the reincarnation of the 1960s and '70s performance leader had been sold to Pontiac, Holden spokesman Jason Laird said he knew of no plans to build the car offshore.Mr Laird was not prepared to comment on export programs for the coupe, leaving it to each of the export markets to decide on product plans."We're not in a position to do that on their behalf, this announcement is only in regards to Australia and New Zealand," he said.Mr Laird said cutting the Monaro from the range built at Elizabeth would not affect jobs at the plant, with resources diverted to other production areas.He said domestic sales for Monaro had remained strong since the badge was reborn and United States sales had improved significantly with the new, more aggressive look and extra power."In Australia so far this year, it is 38 units down from last year, in the fourth year of a coupe program, where traditionally they peter off quickly. For us to be with last year I think indicates the interest in the car," he said.Mr Laird said the company was also looking to protect resale values on the coupe. Mr Mooney said the Monaro, which has worn four other GM badges on four continents, had sold almost six times as many cars as was first planned."The new generation Monaro has been an absolute winner in Australia, a hands-down winner in the sports car market," he said.Mr Mooney said GM Holden continued to investigate options for a next generation coupe with other divisions of General Motors. "Everyone at Holden is certainly committed to delivering a new generation Monaro in the future, but there is still a lot of work to make that happen," he said.The original Monaro sold from 1968 until 1977.The name was resurrected after a small group of engineers and designers, led by designer Mike Simcoe, produced the attractive four-seater coupe.