2003 – Wins Clipsal 500 and Sandown 500 (alongside Todd Kelly) on his way to third in the championship in the Holden Commodore VY. Announced as new owner of Holden Racing Team mid-season following earlier collapse of founding owner Tom Walkinshaw Racing. Finishes eighth at Bathurst alongside Todd Kelly after late-race mechanical black flag for loose bodywork while running second. At the final race of the season at Eastern Creek Skaife and Russell Ingall were involved in a race incident in which both drivers were later fined by race officials. Both drivers also had points deducted, which left Skaife finishing the year in sixth place in the championship.