The first VT Commodore V8 Supercar built for the Holden Racing Team in 1998, this car was raced by Craig Lowndes at the Darwin and Oran Park rounds of the 1998 Shell Australian Touring Car Championship, replacing the VS Commodore that he had driven to that point.

Winning the opening race in Darwin, an engine problem in race 2 saw Russell Ingall reduce Lowndes’ championship lead. Pole position and two race wins at the Oran Park round saw Lowndes secure the 1998 Championship in emphatic style, and the car would carry #1 for the 1998 endurance races. With Mark Skaife as co-driver, Lowndes would finish in 2nd place at the Sandown 500, and Skaife would secure pole position at Bathurst. A series of tyre failures on race day would see the duo finish in a disappointing 6th position, after leading the majority of the first two-thirds of the race.

In 1999, Lowndes would again commence the Championship aboard this car, scoring round wins at Adelaide and Barbagallo, as well as race victories at Eastern Creek and Phillip Island. After the Hidden Valley round, Lowndes would be in a new car but his strong results in the first five rounds laid the foundations for his second consecutive series title.

In mid-1999, the car would change hands, and raced the remainder of the season driven by Mark Poole. In 2000, Mark Poole would contest five rounds of the championship aboard this car, before it again changed ownership, this time to Paul Morris’ Big Kev Racing team. In Morris’ hands, the car would run in the 2000 endurance rounds and the entire 2001 season. Held as a spare in 2002, the car would return to the track in 2003 with Romano Racing for Sandown and Bathurst, before moving to New Zealand in 2004 as a ride car for Greg Murphy Racing.

In 2010, the current owner acquired the car, and it was fully restored back to Bathurst 1998 specification.