MARKET ANALYSIS
R32 (1989 to 1994)

The Nissan Skyline R32 GT-R (produced between August 1989 and November 1994) is a global automotive icon that famously earned the nickname "Godzilla" after dominating the Australian Touring Car Championship and Bathurst 1000 in the early 1990s. In the 2026 Australian market, the R32 GT-R is a blue-chip performance asset with market values for a well-maintained JDM import typically ranging from $75,000 to $115,000 AUD, while the rare Australian-delivered examples (of which only 100 were sold in 1991) command a significant premium, often fetching between $160,000 and $240,000 AUD. The absolute "grails" of the series, such as the Nismo (560 built), V-Spec I, or V-Spec II, frequently exceed $280,000 AUD for investment-grade survivors with low kilometres. Its desirability is permanent, driven by its sophisticated ATTESA E-TS all-wheel-drive system and the legendary RB26DETT engine, attracting an elite buyer pool of Gen X and Millennial collectors, JDM purists, and motorsport historians who value its direct link to the golden era of Group A racing. Locally, liquidity is highest for cars in the quintessential Gun Grey Metallic (KH2) that retain their original factory airbox and interior trim, as 2026 buyers prioritise cars that have avoided heavy modification or "drift-era" structural fatigue. Value in this market is driven by engine configuration, drivetrain layout, transmission choice, production volume, and cultural significance. Models featuring manual gearboxes, limited production runs, original factory specification, and low kilometres consistently command premiums, while cars with direct links to motorsport or tuning culture attract sustained global demand. Historically, Nissan sports cars have shown strong long-term appreciation, particularly for analogue-era models and flagship performance variants. As enthusiasm for Japanese performance icons continues to rise worldwide, this market remains one of the most closely watched segments among collectors, enthusiasts, and investors alike.
The Nissan Skyline R32 GT-R (produced between August 1989 and November 1994) is a global automotive icon that famously earned the nickname "Godzilla" after dominating the Australian Touring Car Championship and Bathurst 1000 in the early 1990s. In the 2026 Australian market, the R32 GT-R is a blue-chip performance asset with market values for a well-maintained JDM import typically ranging from $75,000 to $115,000 AUD, while the rare Australian-delivered examples (of which only 100 were sold in 1…
Model years for Nissan Skyline (1989 to 1994)

1994 Nissan Skyline (R32) GT-R - Tommykaira R
69,140 km • Manual • RHD
🇦🇺Carrs Park, NSW
NOT SOLD
Auction
Mar 09, 2026
1990 Nissan Skyline GT-R
Five-Speed Manual Transmission
🇦🇺Mortlake, Australia
SOLD
$71,710
Auction
Mar 05, 2024
1989 Nissan Skyline (R32) GT-R
81,000 km • Manual • RHD
🇦🇺Belfield, NSW
SOLD
$71,502
Auction
Feb 26, 2026
1990 Nissan Skyline (R32) GT-R
140,983 km • Manual • RHD
🇦🇺Newtown, NSW
NOT SOLD
Auction
Feb 26, 2026
1992 Nissan Skyline (R32) GT-R
103,984 km • Manual • RHD
🇦🇺Greenvale, VIC
SOLD
$93,500
Auction
Feb 18, 2026
1992 Nissan Skyline (R32) Autech Version - Manual
198,221 km
🇦🇺Brighton, VIC
SOLD
$28,000
Auction
Jan 28, 2026
1994 Nissan Skyline (R32) GT-R - N1 Engine
108,086 km • Manual • RHD
🇦🇺Springvale, VIC
SOLD
$78,000
Auction
Dec 22, 2025
1992 Nissan Skyline (R32) GTS-T
214,963 km • Manual • RHD
🇦🇺Lugarno, NSW
SOLD
$37,000
Auction
Dec 02, 2025
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1990 Nissan Skyline (R32) GT-R NISMO
89,302 km
🇦🇺Melbourne, Victoria
SOLD
$135,000
Auction
Aug 06, 2021
1994 Nissan Skyline (R32) GT-R
73,425 km
🇦🇺Brisbane, QLD
SOLD
$69,000
Auction
Oct 17, 2022
1994 Nissan Skyline (R32) GT-R V Spec II
145,800 km • Manual • RHD
🇦🇺Artarmon, NSW
SOLD
$70,000
Auction
Dec 04, 2025
1990 NISSAN SKYLINE (R32) GT-R RACE CAR
57,950 km • Manual • RHD
🇦🇺Melbourne, Victoria
SOLD
$261,200
Auction
Jan 04, 2022
1994 NISSAN SKYLINE (R32) GT-R
123,846 km • Manual • RHD
🇦🇺Ingleburn, New South Wales
SOLD
$71,000
Auction
Jun 22, 2022
1989 NISSAN SKYLINE (R32) GT-R
83,128 km • Manual • RHD
🇦🇺Burwood East, VIC
SOLD
$69,000
Auction
Aug 02, 2022
1994 NISSAN SKYLINE (R32) GT-R V SPEC II
145,768 km • Manual • RHD
🇦🇺Cranbourne West, VIC
SOLD
$82,000
Auction
Jan 29, 2023
1991 NISSAN SKYLINE (R32) GT-R
191,240 km • Manual • RHD
🇦🇺Delacombe, VIC
SOLD
$57,000
Auction
Jul 25, 2023
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1990 Nissan Skyline (R32) GT-S Type S
64,746 km • Manual • RHD
🇦🇺Liverpool, NSW
SOLD
$21,000
Auction
Oct 22, 2023
1990 Nissan Skyline (R32) GT-R Nismo
20,217 km • Manual • RHD
🇦🇺Melbourne, VIC
SOLD
$82,500
Auction
May 30, 2024
1991 Nissan Skyline (R32) GT-R
160,710 km • Manual • RHD
🇦🇺Mordialloc, VIC
SOLD
$45,810
Auction
Jun 20, 2024
1994 Nissan Skyline (R32) GT-R V Spec II
38,747 km • Manual • RHD
🇦🇺Cronulla, NSW
SOLD
$77,500
Auction
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1994 Nissan Skyline (R32) GT-R V Spec II
49,167 km • Manual • RHD
🇦🇺Mitchelton, QLD
SOLD
$91,500
Auction
Nov 17, 2024
1991 Nissan Skyline (R32) GT-R
165,735 km • Manual • RHD
🇦🇺Melbourne, VIC
SOLD
$43,730
Auction
Jan 28, 2025
1992 Nissan Skyline (R32) GT-R N1
77,600 km • Manual • RHD
🇦🇺Prestons, NSW
SOLD
$150,500
Auction
Feb 02, 2025
1993 Nissan Skyline (R32) GT-R V Spec
102,909 km • Manual • RHD
🇦🇺Medowie, NSW
SOLD
$66,000
Auction
Feb 18, 2025
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