This series somewhat resembles but differs in many ways from the Australian V8 Supercars, primarily in terms of the level of technology.

It is technically more basic than the Supercars, but also tends to be a bit more spectacular with a lot more close-action racing due to limited grip and braking capabilities.

A number of Australian Supercars drivers now race in the NZV8's such as David Besnard, Luke Youlden and Cameron McLean for example, as the series has come to be recognised[by whom?]

The 05/06 season saw Fords dominating for the first time, and there were loud cries of lack of parity from the Holden teams.

The 07/08 season also sees former V8 Supercar driver and two-times FIA World Touring Car champion Paul Radisich, driving a Ford Falcon in the series.

Kayne Scott was stripped of his first six rounds points for technical infringements, as was visiting Australian V8 Supercars driver Jason Bargwanna at Ruapuna.

Scott and his team were livid with the ruling which handed the title to John McIntyre with Craig Baird runner up and Andy Booth in third.

Motorsport NZ granted championship status to the V8 class for the 1996–97 season, at which time it was officially known as TraNZam Lights.