What better place to have a museum devoted to and displaying some of legends of Australian motor racing history, than the legendary mountain where much of it took place - Mount Panorama at Bathurst in the NSW Central West. The Racing Museum has ever changing displays that highlight the history of motor racing in Australia and even overseas, and include many actual past Bathurst winners.

Vehicles in the permanent collection include:

The Ford XC Falcon driven to victory in the 1977 Hardie-Ferodo 1000 by Allan Moffat and Jacky Ickx.
The Holden VK Commodore driven to victory in the 1984 James Hardie 1000 by Peter Brock and Larry Perkins - The last Group C Bathurst 1000.
The Holden LH Torana SL/R 5000 L34 driven to victory in the 1976 Hardie-Ferodo 1000 by Bob Morris and John Fitzpatrick.
The Ford Cortina GT500 driven to victory in the 1965 Armstrong 500 by Barry Seton and Midge Bosworth.
A replica of the Ford XR Falcon GT driven to victory in the 1967 Gallaher 500 by Harry Firth and Fred Gibson. - The first V8 powered car to win the Bathurst race.
The Ford Sierra RS500 driven to victory in the 1988 Tooheys 1000 by Tony Longhurst and Tomas Mezera - The first official Bathurst 1000 victory by a turbocharged car.
The Nissan Bluebird Turbo driven by George Fury to pole position for the 1984 James Hardie 1000 - The fastest touring car to lap the old 6.172km long circuit with a time of 2:13.85 and the first turbocharged car to claim pole position.
The Holden Monaro 427C driven to victory in the 2002 Bathurst 24 Hour by Garth Tander, Steven Richards, Cameron McConville and Nathan Pretty - The first of two Bathurst 24 Hour races run and the debut race of the controversial 7.0L Monaro.

In the front of the museum is a memorial to Peter Brock who won the Mount Panorama race nine times, he died in the Targa West rally event in September 2006. Sculptor Julie Squires created the memorial which depicts Brock standing atop a 1984 VK Commodore, the car he drove at the Bathurst 1000 motor race in 1984.

The V8 Supercar Hall of Fame was instituted in 1999 with the first running of the V8 Supercars Championship Series, initially known as the Shell Championship Series. It was established to recognise the efforts of past champions and prominent figures within the sport. The initial inductees were five-time Australian Touring Car Champion, Ian Geoghegan and four-time champion Allan Moffat.

All of the drivers inducted have either been Australian Touring Car Champions or multiple winners of the Bathurst 1000 race. No V8 Supercar champion has yet to be awarded with an induction. Two former drivers were inducted each year until 2002 when only one driver was inducted. No-one was inducted in 2003 with two inducted in 2004. Since then there has again only been one inductee. 2005 saw the controversial inclusion of an event instead of a driver, in the Adelaide 500, the now traditional season opening event.

National Motor Racing Museum, Mt Panorama, Bathurst, NSW.