Top Tips for Buying a Used Nissan Skyline R32 GT-R (1989-94)

Few cars created more controversy when new or have remained more evocative in their later years than the Nissan known as ‘Godzilla’.

Nissan had been building GT-R versions of the six-cylinder Skyline since the 1960s, after acquiring the name in a takeover of the Prince Motor Company.

The first GT-R appeared in 1969 as a 2.0-litre, DOHC six-cylinder sedan. Two years later a two-door designated KPGC-10 was added; the first in a sequence of production-based Nissan coupes that would transform the Japanese market.

Nissan’s R32 GT-R was not the first turbocharged two-door to combine all-wheel drive and staggering performance. Audi almost a decade earlier had pioneered these attributes in its Ur-Quattro, spawning a new era of World Rally Championship ferocity.

The car that appeared in 1989 as part of the 8th Generation ‘R32’ Skyline range arrived fully formed and ready to deliver performance at confronting levels.

Nissan Skyline GT-R R32
Australia was the only market outside Japan to sell the GT-R when new, and is also the home of where its ‘Godzilla’ nickname was coined

The GT-R was never seriously contemplated as a rally car, but its designers clearly harboured intentions of tarmac-based motorsport glory.

At the heart of the new car was Nissan’s 2.6-litre, inline six-cylinder engine with sequential turbochargers and intercooler, hitched to a  clever variable torque-split transmission. Engine output was an officially sanctioned 206kW, but more realistically in the 260-270kW range with plenty more available.

For the first time in its 20-year history there was no rear-wheel drive GT-R in the Skyline range. R32 versions introduced a sophisticated all-wheel drive system that directed power principally to the rear wheels until their grip limits were reached, then channelled drive forward to give ‘Godzilla’ its limpet-like grip.

For even more assured grip under varied road conditions Nissan added its pithily-named ATTESA E-TS – Advanced Total Traction Engineering System for All-terrain with Electronic Torque Split – AWD system which could alter the front-to-rear ratio several times per second. The concept wasn’t new or Nissan’s own design, having originally been developed by Porsche in the mid-to-late 1980s for its planned 911-based Group B rally challenger, the 959.

Like the 959, which went on to claim victory in the 1986 Paris-Dakar rally, the R32 GT-R quickly notched up some impressive motorsport victories.  The Nissan coupe won at its first race outing in March 1990; a 300-kilometre event which opened the 1990 All Japan Touring Car Championship. Three months later, Australia saw the future (briefly) of local Touring Car competition when Gibson Motor Sport fielded two GT-Rs driven by Mark Skaife and Jim Richards.

Skaife Richards R32 Bathurst 1000 car
The R32 GT-R solidified its legend through significant motorsport success here in Australia, most notably including back-to-back Bathurst 1000 wins in 1991-92

Development teething troubles saw these Australian-fettled GT-R’s DNF more often than they won during 1990, but on their trouble-free days the cars nicknamed ‘Godzilla’ by Australia’s Wheels magazine were uncatchable.

Richards won the Australian Touring Car Championship in 1991 and his teammate Mark Skaife followed suit in 1992. The pair went on to record back-to-back Bathurst 1000 wins in 1991 and 1992, cementing a period of dominance for the turbocharged all-wheel drive R32 that eventually led to its disqualification.

Aussie race promoters and the fiercely tribal Ford-Holden supporter base that followed the ATCC at the time didn’t want high-tech, all-wheel drive cars dominating their favoured V8 Falcons and Commodores, and the Nissan’s were sent packing.

Sadly, for Nissan Australia the car-buying public also voted with its wallet when considering a GT-R for road use. The company imported 100 Australian-complied cars during 1991, offering the road going version of the race-winning weapon for what seemed a heady price tag (at least for a Nissan) of $110,000.

Hindsight is a wonderful thing but, given the GT-R’s $55,000 price advantage over the cheapest Porsche 911, which offered comparable performance, those 1991 R32 Skylines now look to be a screaming bargain.

Nissan Skyline GT-R R32
Just 100 examples of the GT-R were exported for sale in Australia in 1991, although surprisingly in hindsight, they were slow to sell at the time

Once landed in Melbourne an extra 50 hours were allocated per car for installation of compliance items including door intrusion bars, child-seat restraints, the fuel-filler restrictor, high-mount stop-light and replacement 260km/h speedometer. Of the 100 ‘official’ imports, 26 were Black Pearl Metallic with a further 37 of each in Jet Silver and Red Pearl Metallic.

The legendary media tycoon and car enthusiast Kerry Packer was so enthralled by the GT-R that he purchased two of them, keeping the Nissan’s for many years in a parking garage opposite his Park Street HQ in Sydney.

In a 1993 article entitled “Farewell To Godzilla” which marked the end of the GT-R’s race career in Australia and tracked its disappointing sales performance, Wheels magazine reported that just 63 of the available 100 cars had found owners.

There are three distinct markets in Australia for the R32 GT-R. At the bottom of the pile sit base-model JDM import cars. These will typically have arrived since the late 1990s and have travelled significant distance. Given that more than 43,000 R32 GT-Rs were built between 1989 and 1994, supply from Japan is plentiful and ongoing.

R32(1986-1995) 1993 Nissan Skyline GT-R V-spec
Across two versions of the R32 GT-R V-Spec, 2756 examples of this limited-edition, homologation-focused version were produced

Above the basic models sit the limited-edition, homologation-focused ‘V-Spec’ imports, produced in two editions totalling 2756 cars, plus Nismo and N1 versions. These between them represent a combined 788 cars and they currently bring the highest prices.

However, the least common and potentially most collectible are those initially unwanted 100 cars that were converted to Australian specification. No recent sales have been recorded, but a documented two-owner car with only 27,000km on the clock was advertised by a prominent dealer during 2025 at $185,000.

When identifying an Australian-delivery GT-R, look for a Nissan Australia compliance plate and the Vehicle Code “40ZKBNR32RX”.

Typical 150,000km R32s sell in the $65,000 to $80,000 range before excellent V-Specs jump to around $100,000 and Nismo versions reach $180,000. Limited-edition V-Specs offered during late 2025 at Japanese auctions were realising ¥6.5-9.2 million (around A$56-95,000) so cars already landed and complied will be less expensive than new arrivals.

BNR32 Nissan Skyline GT-R (1989)
Depending on the variant and mileage, R32 GT-Rs can sell between $65-85k for an average example, while V-Spec models will jump to the $100k mark

Things To Watch Out For When Buying a Used Nissan Skyline R32 GT-R (1989-94)

  • Body rust and paint delamination on horizontal surfaces.
  • Water leaks through rear wing mounting holes.
  • Coolant and underbonnet oil leaks.
  • Exhaust smoke of any kind. White smoke signifies oil being burned by the turbochargers.
  • Clutch shudder and transmission noise.
  • Tyres fouling inner mudguards due to worn suspension or excessively wide wheels.
  • Worn interior trim and cracked plastics from sun exposure.
  • Air conditioning delivering cool not cold air with squealing or whining from the compressor and pulley.
  • Damage to original rims which are costly to replace.
🛠️ Timeline
  • 1995
    $65,000
  • 2005
    $35,000
    -46.15%
  • 2010
    $48,000
    +37.14%
  • 2015
    $39,000
    -18.75%
  • 2020
    $69,000
    +76.92%
  • 2025
    $95,000
    +37.68%
    R32 V-Spec

Retro Rides’ Investment Rating

8/10

Writer & Head Valuer

At age 14, surrounded by stacks of motoring magazines from the local junk shop, Cliff Chambers was warned by a concerned mother that he would ‘Never get anywhere knowing a lot about old cars.’  Seventeen years later when his definitive book, Making Money From Collectable Cars was published, she was proud to be proven wrong.

That was in 1987, but Cliff’s life was already revolving around all things automotive. From working part time in a panel shop while at university, he moved to motor industry consultancy roles and managing a Championship winning rally team.

During the 1990s he joined the classic vehicle insurance industry, at the same time becoming a prolific writer for magazines and motoring websites. Then came his ongoing contribution as one of the country’s leading vehicle valuers.

Away from work, automotive events and objects remain prominent in Cliff’s world. He has owned more than 40 cars now considered ‘classic’ and within his collection of motor-related items there remain some of those magazines acquired as a fact hungry teen.

Cliff brings to Retro Rides a blend of unique industry skills and a love of vehicles that will become more obvious with every contribution he makes to the site.

More in

Buyers Guides

In the mid-1980s just as Subaru’s era of rally dominance was emerging, RX Turbo sedans with their horizontally-opposed engines and…

Melbourne-based pump manufacturer Norman Hamilton was touring Europe in the summer of 1951 when his rental Oldsmobile 88 was rounded…

It is said that cockroaches, ants and sharks will all survive Armageddon, and to that list we might add the…

More in

Asian

In the mid-1980s just as Subaru’s era of rally dominance was emerging, RX Turbo sedans with their horizontally-opposed engines and…

Inspired by the talented-but-troubled Fiat X1/9 the original Toyota MR2 was the first mid-engined production car from a non-European manufacturer,…

Slide into a Mazda MX-5 and you don’t drive it so much as you wear it. The seat hugs you…