1972 Australian Rally Championship

Colin Bond and navigator George Shepheard won the Championship for the second year in a row in the Holden Dealer Team Torana GTR XU-1 .

After a late challenge to the HDT Toranas at the 1971 Southern Cross Rally, the works Mitsubishi Galants were expected to do well in the 1972 Australian Rally Championship and pose a major threat to Harry Firth's HDT domination of the series.

However it was not to be, as the cars were poorly backed up and suffered from various incidents which cost them the chance of any outright wins.

The HDT LJ Torana XU-1's won five of the six rounds, Mitsubishi's best finishes were a second place in the Alpine (for Doug Stewart and Dave Johnson) and thirds in the Warana (Doug Stewart and Dave Johnson) and Snowy Mountains rallies (Doug Chivas and Peter Meyer).

Tom Barr-Smith was second in the Walkerville 500, and Bob Watson managed a third in the Akademos, but other than that it was a disappointing season.