The team ceased operations at the end of 2005, with the lead driver Steven Ellery moving to Triple Eight Race Engineering for the 2005 season.
The team ran Formula Ford a Van Diemen in 1992, expanding to a second car in 1993 for Garry Gosatti.
The team finished just out of the top ten in most seasons, and Ellery paired with Youlden took third Place at the 2003 Bathurst 1000.
In the middle of the Gold Coast round of 2004 Supercheap Auto left the team.
The team would contest the 2005 Holden Performance Driving Centre V8 Supercar Series with two Ford BA Falcon’s for New Zealander Mark Porter and former V8 Utes driver Gary MacDonald before leaving the sport altogether.