The following teams and drivers competed in the 2007 championship.
Team changes The
Holden Racing Team and
HSV Dealer Team temporarily had their TEGA licences revoked due to issues relating to the ownership of both teams, where under
V8 Supercar regulations one person can only own one team. Officially,
Mark Skaife owned HRT and John Kelly (father of drivers Todd and Rick) owned
HSV Dealer Team, however the close relationship between the two and the presence of
Tom Walkinshaw in both teams clouded the ownership. Both teams had their licenses reinstated temporarily pending the presentation of documents proving the ownership of each team to TEGA. On 22 February 2007, the
HSV Dealer Team produced the required documents and were fully reinstated to the championship, followed by HRT who were reinstated on 27 February 2007 after they satisfied TEGA that Mark Skaife was the true owner of the team.
WPS Racing underwent a complete re-structure of the team with Team Principal
Mark Larkham departing.
Team Kiwi Racing swapped from running
Paul Morris Motorsport-prepared Holdens to
Ford Performance Racing-prepared Fords for 2007. The deal with FPR was terminated after four rounds, leaving TKR on the sidelines for three events before returning at Oran Park with a
Stone Brothers Racing-prepared Ford.
Driver changes Greg Murphy moved to
Tasman Motorsport, with
Paul Dumbrell replacing Murphy at
Paul Weel Racing.
Steven Richards was announced as the second driver for
Ford Performance Racing, replacing
Jason Bright. Bright moved to his own
Britek Motorsport, replacing
Warren Luff.
Perkins Engineering ran two V8 Supercar rookies,
Shane Price and
Jack Perkins. Perkins was replaced with
Marcus Marshall for Bahrain and Launceston after he was diagnosed with
Type 1 diabetes.
Andrew Jones joined his father's and uncle's team and raced in the second
Brad Jones Racing car.
Alan Gurr drove for
Britek Motorsport as the teammate to
Jason Bright.
John Bowe replaced
Marcus Marshall at
Paul Cruikshank Racing in his final year of
V8 Supercar racing before retirement.
Fabian Coulthard was dropped from
Paul Morris Motorsport's older VZ Commodore after the Bathurst 1000 and replaced with
Ford Performance Racing's endurance co-driver,
Owen Kelly.
Paul Radisich was retained by
Team Kiwi Racing, but was unavailable for the first round as he was recovering from his 2006 season-ending crash at Bathurst. Reigning Fujitsu Series champion
Adam Macrow substituted for him. Radisich later left the team entirely after their deal with FPR fell over, and was replaced with rookie
Shane van Gisbergen for the duration of the season when the team returned with Stone Brothers machinery.
Mid-season changes Simon Wills replaced
Brad Jones at
Brad Jones Racing after round 3. Jones announced his retirement from full-time driving. ==Race calendar==