For the first time factory supported teams of Ford and Holden V8s raced against each other, setting a pattern that continued in Australian racing into the 21st century. It was not one of the factory cars that won however. The race was won by the Wyong Motors entered Holden Monaro driven by Bruce McPhee (apart from one lap mid-race driven by Barry Mulholland) who defeated the big teams with a tactical strategy of running a buffed hard wearing street tyre rather than a racing tyre. Initially Des West and Ron Marks were classified second but were later disqualified for illegal engine modifications. Second place was then awarded to the factory supported Holden Dealer Racing Team Holden Monaro of Jim Palmer (to that point the best finish by a New Zealander) and Phil West. The AM Roberts entered Holden Monaro driven by Tony Roberts and Bob Watson finished third.
Future two-time Bathurst 1000 winner Allan Grice made his Mount Panorama debut in 1968. Driving with author Bill Tuckey in a Class D Fiat 124 Sport for Scuderia Veloce, the pair finished the race in 18th outright and 9th in class, 11 laps down on the McPhee/Mulholland Monaro.
Midge Whiteman and Christine Cole, driving in a Morris Mini De Luxe, contested the race as an all female duo, placing fifth in their class.
Class structure
Cars competed in five classes based on the purchase price (in Australian dollars) of the vehicle.
^ abcHow they finished last year..., Official Programme, 1969 Hardie-Ferodo 500, Mount Panorama, Sunday, October 5, page 27
^ abcdefgClass D (entry list), Official Programme, 1968 Hardie Ferodo 500, Mount Panorama, Sunday, October 6, page 35
^Adrian Ryan, Alfa's uncontested win, Racing Car News, November 1968, pages 30 to 32
^ abcGeorge Stefanoff, All conquering Corollas, Racing Car News, November 1968, pages 24 to 25
^Class A (entry list), Official Programme, 1968 Hardie Ferodo 500, Mount Panorama, Sunday, October 6, page 13
^Images of the No 59 Ford Cortina in the "1968 Bathurst" section of the autopics.com.au DVD "The Great Race – 1960 to 1996 – 30,000 images" shows the car to be a Mark 1 rather than a Mark II
Greenhalgh, David; Thomas B. Floyd; Bill Tuckey (2000). Australia's Greatest Motor Race 1960–1999. Chevron Publishing Group. pp. 154–161 & 456. ISBN1-875221-12-3.
Bill Tuckey, Australia's Greatest Motor Race, 1981, pages 130-137