The team made its debut in 2009, and raced Holden VE Commodores until the end of the 2012 season.

Jack Perkins and Dale Wood (though later replaced by Mark McNally), were confirmed as drivers of the third and fourth Kelly Racing entries.

With a decision by Holden to reduce support for most teams running their Commodore product in the series for 2009,[3] along with the impending economic crisis,[4] Larry Perkins chose to scale back his involvement in the sport through his Perkins Engineering team at the end of 2008.

The new team had its track debut at Winton Raceway on 3 March 2009, running the allowed 20-lap shakedown test for newly constructed cars in the V8 Supercar category,[2] which was declared a success by both Todd and Rick.

The two Kelly brothers finished in the top ten in the first race,[7] Todd in 7th and Rick in 10th, after starting 24th and 17th respectively.

[8] Wood, who did not set a qualifying time after a crash in practice, finished 14th after starting from pitlane.

Perkins failed to finish due to badly damaged steering caused by brushing the wall.

[9] Todd Kelly and Jack Perkins both inflicted steering damage from contact with other cars while Dale Wood spun into the wall.

Owen Kelly, of no relation to the two brothers, joined Rick in the #15 car while Dale Wood drove with Todd.

The team had a disappointing Bathurst, with none of the cars finishing in the top ten, the best result 16th place for Rick and Owen.

It proved to be another average weekend, with Rick and Owen again providing the best result, a sixth place in race two.

The final championship standings saw Rick and Todd repeat their 2009 efforts, finishing eighth and 18th respectively.

[15] Todd made it an extra special day by finishing in third place despite having a broken windscreen wiper.

The Team also ran a fifth entry in the Bathurst 1000, with Renee Gracie and Simona de Silvestro driving the #360 Harvey Norman Supergirls Altima.

[20][21] In 2020 the team scaled back to two cars and switched to running Ford Mustang GTs.

[23][24] Rick Kelly announced his retirement at the end of 2020, he was replaced by David Reynolds who returned to the team.

Drivers who only drove for the team in an endurance race co-driver basis are listed in italics.

Drivers who only drove for the team in an endurance race co-driver basis are listed in italics.

1 Brodie Kostecki 9 Jack Le Brocq 2 Ryan Wood 25 Chaz Mostert 3 Aaron Love 7 James Courtney 4 Cameron Hill 10 Nick Percat 6 Cam Waters 55 Thomas Randle 8 Andre Heimgartner 14 Bryce Fullwood 12 Jaxon Evans 96 Macauley Jones 11 Anton de Pasquale 17 Will Davison 18 Mark Winterbottom 20 David Reynolds 19 Matthew Payne 26 Richie Stanaway 23 Tim Slade 31 James Golding 87 Will Brown 88 Broc Feeney