Holden Monaro GTS (1968)Sicnag, CC BY 2.0, via Wikimedia Commons

Holden Monaro GTS HK GTS 327

1968 — Australia

Muscle Era (1960-1974)Muscle CarV8 EngineSwinging Sixties
Engine5,359 cc V8 Chevrolet 327
Power250 hp
Torque325 lb-ft
Transmission4-speed manual (Muncie M21)
DrivetrainRWD
Body StyleCoupe
Weight3,197 lbs
0–60 mph7.0 sec
Top Speed130 mph
BrakesDisc / Drum
SuspensionIndependent, double wishbone, coil springs, anti-roll bar / Live axle, coil springs, 4-link

Holden Monaro GTS HK GTS 327

The Holden Monaro GTS is Australia's answer to the American muscle car. General Motors-Holden, as a subsidiary of GM, had access to Chevrolet's V8 engines, and they put them to spectacular use in the Monaro — creating a car that could go toe-to-toe with anything from Detroit on the race circuits of Bathurst and Sandown.

The Monaro was introduced in 1968 as a two-door coupe based on the Holden HK sedan. The GTS 327 was the performance flagship, powered by Chevrolet's 327 cubic inch (5.4-liter) V8 producing 250 hp. Combined with a Muncie close-ratio 4-speed manual and a limited-slip differential, it was a formidable package.

The Monaro GTS quickly became the car to beat in Australian touring car racing. At the 1968 Bathurst 500 (before it became the 1000), the GTS 327 was dominant. The Monaro's success at Bathurst cemented its place in Australian automotive mythology — alongside the Ford Falcon GT, the Monaro GTS was one of the two great rivals of Australian muscle car racing.

Successive iterations — HT, HG, and HQ — brought bigger engines (up to 350 cubic inches), improved suspension, and refined styling. The HQ Monaro GTS 350 (1971-74) is perhaps the most visually striking, with its aggressive hood scoops and muscular stance.

Australian muscle cars occupy a unique position in the collector car world. They were produced in relatively small numbers (compared to American muscle cars), were often driven hard in a motorsport-obsessed culture, and carry deep cultural significance. The Monaro GTS is Australia's Mustang — and clean examples command strong prices.

$80,000 – $300,000

Australian muscle cars have a strong specialist market, primarily in Australia. Rust is a concern (Australian climate varies). Verify the engine spec — many 6-cylinder Monaros exist, but GTS 327/350 V8s are the collectible ones. Check matching numbers (engine stamp vs. chassis plate). Parts for Chevrolet V8s are widely available; Holden-specific body parts are scarcer. The HK GTS 327 is the most historically significant, but the HQ GTS 350 is the most visually striking. Import to the US is possible but complex.

Monaro production spanned the HK (1968-69), HT (1969-70), HG (1970-71), and HQ (1971-74) series. Engine options included Chevrolet 307, 327, and 350 V8s plus Holden straight-sixes. GTS 327 and GTS 350 are the most collectible. The Monaro name was revived in 2001 (V2 Monaro, exported as Pontiac GTO to the US). Bathurst racing success was central to marketing.