Invest
Collector to spend $500k on motoring history
The last Holden manufactured in Australia is going to auction this weekend, with collectors likely to spend an estimated half a million on this piece of history.

Collector to spend $500k on motoring history
The last Holden manufactured in Australia is going to auction this weekend, with collectors likely to spend an estimated half a million on this piece of history.

The Holden VF Series II SSV Redline built in October 2017 is the very last Holden manufactured in Australia. Holding a part of the 70-year-old Australian automotive history, with just 102km on the odometer and presented in the same original showroom condition rolled out of Holden, the car is expected to fetch some $500,000.
“The interest in this car has been phenomenal, we have had enquiry from collectors, investors and Holden enthusiasts from all over the country, phones are ringing off the hook night and day. There are some very passionate Holden enthusiasts and collectors looking to own this special piece of Australian history,” Lee Hames, chief operations officer for Lloyds Auctions, said.
The auctioneers highlighted an increasing race to capture Holden vehicles on the back of building nostalgia, which follows Holden’s exit.
“We have seen a huge demand for Holden vehicles, particularly HSV, since the closure of Holden, and we encourage anyone who might be looking to sell their vehicle to give us a call right now,” said Mr Hames.
One example of this is the W1 Maloo Ute also listed in the same auction this weekend.
“This car was a secret project built under the cloak of silence to celebrate two Australian icons. The first being Holden and the second being a classic Aussie ute. This is arguably one of Australia’s most collectable muscle cars and its one of only four ever built,” said Mr Hames
In 2020, around 600 Holden employees lost their jobs after the carmaker’s parent company, General Motors, announced that the iconic Australian brand was closing down after the government ceased subsidies to the car manufacturer.
In total, government support for GM’s local operations hit over $2 billion, as the local authorities fought to keep the manufacturer onshore.
At a press conference in February 2020, GM international operations senior vice-president Julian Blissett explained that 600 of its 800 employees would be let go by the end of June, while some 200 would remain as part of the company’s promise to provide its customers with servicing and spare parts for at least 10 years through national after-sales networks.
Mr Blissett said GM had taken the “difficult decision” to end Holden’s proud 160-year history after implementing and considering numerous options to maintain and turn around its operations.
In the end, the decision came down to “global priorities”.
“Over recent years, as the industry underwent significant change globally and locally, we implemented a number of alternative strategies to try to sustain and improve the business, together with the local team.”
About the author

About the author


Spending
Consumer advocates hit back at self-regulated BNPL code of practice
The long-awaited buy now, pay later code of practice is set to come into effect from 1 March, but industry experts remain sceptical of the self-enforced rules. ...Read more

Spending
Young Aussies’ guide to getting your dollars adding up in 2021
You may have noticed something unusual happen to your bank balance since the COVID-19 pandemic hit: it went up instead of down. Capitalise on that in 2021 with these simple steps, writes Helen Baker. ...Read more

Spending
Christmas shopping not as popular as Black Friday bargains
Consumers are continuing to move their Christmas spending to November, with Black Friday sales trumping December retail sales, new research has revealed. ...Read more

Spending
EV Council on GM’s demise: Electric vehicle policies ‘Holden’ us back
Less than a year since Holden left Australia, it’s parent company GM has announced that it is going to build all-electric vehicles, which is no coincidence, an industry expert has revealed. ...Read more

Spending
How online dating is set to lift the population by 2040
The popularity of online dating will see more children being born to couples who met online and lift the overall population rate of Australia, new research has revealed. ...Read more

Spending
Tobacco, trips and childcare see CPI lift
An increase in tobacco tax, the unwinding of free childcare subsidies and rising domestic holiday travel during the Christmas period saw the consumer price index lift 0.9 per cent during the Decembe...Read more

Spending
Where are Aussies looking to spend their money in 2021?
Australians are increasing their spending intentions, with travel and entertainment set to be the big winners, a new report has revealed. ...Read more

Spending
Toyota returns $18m in JobKeeper payments
An unexpected surge in sales in 2020 has inspired car manufacturer Toyota to write an $18 million check to the government, returning the amount it received in JobKeeper subsidies and touting the move...Read more

Spending
Consumer advocates hit back at self-regulated BNPL code of practice
The long-awaited buy now, pay later code of practice is set to come into effect from 1 March, but industry experts remain sceptical of the self-enforced rules. ...Read more

Spending
Young Aussies’ guide to getting your dollars adding up in 2021
You may have noticed something unusual happen to your bank balance since the COVID-19 pandemic hit: it went up instead of down. Capitalise on that in 2021 with these simple steps, writes Helen Baker. ...Read more

Spending
Christmas shopping not as popular as Black Friday bargains
Consumers are continuing to move their Christmas spending to November, with Black Friday sales trumping December retail sales, new research has revealed. ...Read more

Spending
EV Council on GM’s demise: Electric vehicle policies ‘Holden’ us back
Less than a year since Holden left Australia, it’s parent company GM has announced that it is going to build all-electric vehicles, which is no coincidence, an industry expert has revealed. ...Read more

Spending
How online dating is set to lift the population by 2040
The popularity of online dating will see more children being born to couples who met online and lift the overall population rate of Australia, new research has revealed. ...Read more

Spending
Tobacco, trips and childcare see CPI lift
An increase in tobacco tax, the unwinding of free childcare subsidies and rising domestic holiday travel during the Christmas period saw the consumer price index lift 0.9 per cent during the Decembe...Read more

Spending
Where are Aussies looking to spend their money in 2021?
Australians are increasing their spending intentions, with travel and entertainment set to be the big winners, a new report has revealed. ...Read more

Spending
Toyota returns $18m in JobKeeper payments
An unexpected surge in sales in 2020 has inspired car manufacturer Toyota to write an $18 million check to the government, returning the amount it received in JobKeeper subsidies and touting the move...Read more