GT R (1999 to 2002)

Debuting in 1999 as the flagship performance version of the R34 Skyline, the Nissan Skyline GT-R R34 is widely regarded as the most iconic and desirable GT-R of the classic era. Nicknamed “Godzilla,” the R34 GT-R combined a compact, aggressive body with advanced drivetrain technology, including ATTESA E-TS all-wheel drive, Super-HICAS rear steering, and the legendary RB26DETT twin-turbo inline-six, an engine famed for its strength and tuning potential. Output varied by specification and variant, ranging from approximately 327 hp in standard form to well over 493 hp in high-performance factory versions, with notable models including the V-Spec I, V-Spec II, Nür, and the ultra-rare NISMO Z-Tune. While the vast majority were sold domestically in Japan, just over 100 examples were officially exported to markets such as the UK, Hong Kong, Singapore, and New Zealand. Total production reached 11,578 cars before ending in August 2002, reinforcing the model’s rarity. In the Australian market, the R34 GT-R holds near-mythical status due to import restrictions, cultural significance, and limited supply, with values driven by variant, originality, mileage, condition, and provenance, and top-tier models firmly positioned at the peak of the Japanese performance car market.