The model lost its 15-year run as top seller to the Mazda 3 in 2011.
When the VE Commodore was launched in July 2006 the Australian dollar was trading around 67.3 US cents. But the currency was around 44 per cent higher seven years later and it had been higher, particularly in the past two years. This has made overseas imports of cars cheaper and placed pressure on local manufacturers.
"As the dollar has remained strong, we were here last year with the dollar ... in general price points, cars have come down and we have to be competitive."
Holden is planning their next large car, but Mr Devereux is keeping his cards close on when the next Commodore will be released.
"It will definitely have Australian input," he says.
Holden announced in April that it was cutting 500 jobs at its South Australian and Victorian operations and reducing production at its Elizabeth factory from 400 to 335 cars a day as the dollar's strength continued to hit profitability.
See next Saturday's Driven for more on the new VF, and head to nzherald.co.nz/driven for photographs of the new range.
- AAP
Five stars for safety
Holden's VF Commodore and the new WN Caprice have been awarded maximum safety ratings ahead of launch.
The five-star ANCAP safety rating applies to every Commodore, Sportwagon, Ute and long wheelbase Caprice.
Even the new entry-level Evoke carries safety technologies like auto park assist, rear view camera and front/rear parking sensors. All vehicles have front driver and passenger airbags, side curtain and new pelvis/thorax side impact airbags, Electronic Stability Control with ABS, EBD, EBA and TCS, an alert for the driver if the rear seatbelts (bloody kids!) are undone while the car is moving, and flashing emergency stop lights.
There's also three ISOFIX child seat anchors across rear seats.
As the price tags get bigger, so does the safety offering cutting edge features like forward collision alert, blind spot monitoring, reverse traffic alert and head-up display are available on high-end models. This week's cover car, the Audi A3, has also just scored five-star ratings, as has the recently launched Nissan Pulsar.