Bathurst 24 Hour
In its race debut at the 2002 Bathurst 24 Hour, the #427 Monaro was driven by Tander and fellow V8 Supercar drivers Steven Richards, Nathan Pretty and Cameron McConville. McConville's first drive of the car was actually during qualifying where he qualified the car in second place on the grid. As expected, GRM's regular driver Garth Tander started the race and using the power of the 7.0 litre engine was able to take the lead almost from the start. Although Holden cars had a strong reputation at Bathurst and the similar engined Corvette C5-R's had scored numerous class wins in GT endurance racing, the Monaro was seen as too new pre-race and wasn't really considered a chance of winning or even finishing its debut race despite the relatively low quality of the field with only 3 or 4 of the 36 entrants considered a true chance for outright honours. While the 7.0 L engine with its off the shelf GM racing parts was mostly a known quantity, many felt that the Monaro's other racing components would have suspect reliability. Although as veteran driver, twice Bathurst 1000 winner and winner of the innaugural Bathurst 12 Hour Allan Grice pointed out, the Monaro shared a lot of parts with V8 Supercars which had over 10 years of proven Bathurst race history, while fellow (7 time) Bathurst 1000 winner Jim Richards, who is also the father of Monaro driver Steven Richards, labelled the Monaro "A better V8 Supercar".
Holden had expected that the Monaro would be given a rev limit of 6,700 by Procar as that was generally what the Le Mans Corvette's used. However, when GRM got to Bathurst they were informed that the Monaros had to be set for 5,700 rpm, a full 1,000 below expected. As driver Nathan Pretty would later point out, the 7.0L V8s had shown in testing that they didn't make their true power until well after 6,000 rpm so in racing the drivers never got to exploit the real power of the engines, though the torque levels of the engines did often compensate for that loss of power, especially at Bathurst. It was the lower rpm limit that saw a drop-off in power, and a higher overall weight, which was put down as the reason the Monaros didn't match the V8 Supercar times on Mount Panorama.
After Tander used the torque of the 7.0 litre V8 to take the lead from the John Bowe driven Ferrari 360 at the start, the car suffered an early flat tyre which dropped it to second behind the Cirtek Motorsport Porsche 996 GT3 RS of David Brabham, while the high revving, 3.6 litre V8 Ferrari had already suffered the first of two engine failures early on and was out of contention. Then, just a few hours into the race after re-taking the lead from the Porsche, the entire fuel cell of the Monaro needed to be replaced, dropping the car 13 laps behind. The team overcame the fuel cell problem as well as the car becoming jammed between gears just before sunrise after Nathan Pretty was hit by the BMW 318i of Debbie Chapman in The Chase, which also caused damage to the driver's side door. The Monaro spun and stalled, jamming the gearbox, forcing Pretty to get out and rock the car back and forth to clear the problem, a task made difficult by the Monaro's Sequential transmission and its 1400 kg weight. By the 18-hour mark (10 AM Sunday morning), the Monaro had clawed its way back to second place, only three laps behind the leading Porsche. Then after a trouble free run, the Porsche broke a half-shaft with Brabham at the wheel, causing the car to pit for four laps. Sensationally, the Monaro pitted at the same time as the Porsche to replace rear suspension bolts that had broken away from the chassis. The GRM crew won the pit race and the Monaro was able to return to the track and re-take the lead for good with just over 4 hours remaining. When the Porsche returned to the track, Allan Grice, told to drive as fast as possible, hit the wall on the top of the mountain while attempting to lap the Mosler MT900R driven by Mark Pashley which broke the Porsche's rear suspension and took it out of contention. Upon its return to the track Darren Palmer put the car into the wall at Griffin's Bend with no steering, a legacy of the Grice crash.
The Monaro ran in the lead for the last four hours to win the race by 24 laps from the British entered Mosler MT900R of Martin Short. In the race, Tander's fastest race lap of 2:14.3267 was actually quicker than Brad Jones' pole time of 2:15.0742 and quicker than McConville's qualifying time of 2:16.8792 (in the warm up session prior to the race, Tander had actually recorded a 2:13.6871 which was the fastest time of the session by some 6.3313 seconds).[3] With the demise of the Bathurst 24 Hour and Nations Cup after 2003 and 2004 respectively, Tander's 2002 fastest race lap time stands as the Nations Cup class record lap for Mount Panorama.