Commodore retirement to drive significant value

Carly Waters
(Australian Associated Press)

  • The first VB Commodore was launched in 1978.
  • There have 16 models over the past 42 years, the last being the ZB.
  • The Commodore was Australia’s best selling car for 15 straight years to 2010.
  • It won 16 Australian Touring Car (Super Car) championships and 26 Bathurst titles.
  • More than three million Commodores have been sold since its launch.
  • It was produced in Australia at the Elizabeth assembly plant in Adelaide until the end of local manufacturing in 2017.
  • This year Commodore sales have fallen by more than 37 per cent to just 5417 to the end of November.

 

Once a staple of the suburban driveway, Australia’s Holden Commodore is forecast to skyrocket in value following news the model will be retired.

The latest Commodores rolled off the Australian production line are expected to become the most valuable.

Cameron Pascoe from Dutton Garage Wholesale in Melbourne said the models “could be worth hundreds of thousands of dollars in 10 years time”.

The last run of the Australian-made car, the VF, has already shown gradual increases in price in recent years, he added.

“Particularly the Commodore HSVs, they have already started to go up.”

There’s potential for renewed interest in special model Commodores, such as the HSV and SSV, Christophe Boribon from specialist car insurer Shannons told AAP.

Limited edition Australian-made models are likely to peak the interest of car enthusiasts and collectors, he said.

A 2016 HSV Commodore is priced between $46,950 to $74,888 according to carsales.com.au

Last year a 1988 VL Commodore Walkinshaw sold at auction in NSW for $340,000.

Holden ceased vehicle production in Australia in 2017, a move Mr Pascoe said hurt sales of the Commodore, which were subsequently made overseas.

“The latest Commodores were virtually unsaleable,” Mr Pascoe said.

Mr Boribon described as “quite sad” the vehicle’s retirement.

Both experts agreed Holden had little choice but to discontinue production of the Commodore due to recent poor sales, and a lack of connection with the offshore-manufactured replacements.

“Australians are passionate about buying things that are made locally,” Mr Boribon said.