Holden V2 Monaro

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Holden Monaro

Holden V2 Monaro

2001 - 2004
Supercharged V6 and Gen. III V8
3.8 ltr. Supercharged V6 & 5.7 ltr. Gen III V8
up to 245kw
5 spd manual; 4 spd. auto
Top Speed:
Number Built:
3 star
Holden V2 Monaro
Reviewed by Unique Cars and Parts
Our Rating: 3


First seen at the Sydney International Motor Show as a design concept in 1998, the stunning Monaro coupe would make it to production, the first example rolling off the assembly line in October, 2001 - a transition that would take only 22 months.

The Monaro was about as close as a car could come to being an instant classic, resurrecting the name "Monaro" that many thought had been consigned to the annals of Aussie motoring history many years ago.

Two versions were available, the supercharged V6 "CV6" and Gen III V8 powered CV8. GM knew most punters would opt for the V8, particularly given the sporting nature of the Monaro.

The 235kw Gen III V8 was already held in high regard by anyone lucky enough to punt a VY Commodore SV8 or SS, and wrapped in the beautiful sheet-metal of the Monaro made for a highly desirable package.

Following quickly on the heels of the first release was the Series II (in December 2002), an update that included improvements such as fresh interior styling treatments, a new instrument panel with binnacle-style clusters and multi-function digital displays, combined with a new steering wheel design.

Body structure improvements were to see the already awesome coupe boast even better build quality, performance and safety.

The Series II CV6 incorporated a "twilight sentinel" automatic headlamp control, as well as road speed sensitive intermittent wipers.

Both models were fitted with a very up-market Blaupunkt audio system, and while the CV6 featured a “Headlamps Off” programmable time delay, the CV8 offered a six disc in-dash CD player and audible Rear Park Assist. Optional on both models was satellite navigation and the Holden Assist 24-hour satellite security and support system.

Recalibrations and shift revisions improved the performance of the automatic transmissions, the V8 transmissions also being upgraded for greater durability. Service intervals for the V6 engines were extended from 10,000 to 15,000 km, and the fitment of the "dampolator" (a drive isolator and crankshaft bending damper) helped overcome some of the lusty V6’s harshness, particularly above 4000rpm, endowing the V6 with a freer-revving character.

But there was little by way of engine refinement that would be able to persuade the Aussie purchaser that a Monaro should be anything other than a V8. Sluggish sales of the V6 iteration would see it pensioned off with the release of the Series III in August 2003. Nobody was surprised, except maybe those that owned a CV6, which is a shame, because the CV6 was just as stunningly beautiful, and offered a substantial price saving over the V8. But with the CV6 accounting for only 5% of sales, it’s demise was inevitable.

On the upside, the Gen III V8’s output was increased to a wholesome 245kw, while other mechanical improvements included the fitment of a front strut brace. Safety improvements included active head restraints, audible and visual driver's seatbelt warning and steering column modifications to assist in reducing the risk of occupant injury in a frontal crash. And, so as not to detract from the curvaceous lines of the beautiful coupes body, the radio antenna was integrated into the rear glass.

Obviously there will be depreciation for a time yet, but like those that bore the Monaro badge from decades past, the value will plateau and eventually start to rise. One wonders if the owners of today know they are driving a classic of tomorrow, and will treat them with the same kind of reverence as those in 20 to 30 years.

CV6 standard equipment included: Supercharged V6, 17 x 8 inch alloy wheels, 4 speed automatic transmission, security system, driver and front passenger airbags, driver and front passenger side impact airbags, control link independent rear suspension (IRS), Monaro FE2 Sports Suspension, ABS brakes, traction control, cruise control, basic trip computer, CD player, steering wheel audio controls, power antenna, power socket in centre console, twin cup-holders, air-conditioning, power windows. You could option the CV6 with a Limited slip differential (LSD), Holden Assist security and support system.

CV8 standard equipment included, in addition to that listed for the CV6: V8, 18 x 8 inch alloy wheels, 6 speed manual transmission, Limited slip differential (LSD), advanced trip computer, 10-disc CD changer, climate control. Optional equipment included: 4 speed automatic transmission, Holden Assist satellite security and support system. On Series II also: Rear Park Assist, 6-disc in-dash CD changer.

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