Chrysler Australia chiefs immediately recognised that they had a winner with the new Valiant. The R series Valiant proved to be so popular, stocks soon sold out within days of its launch and Chrysler had to rush the S series (SV-1) into production in March of the same year.
To meet demand, plans were made to bring the newly released Americain Valiant S Series model into Australia as quickly as possible. Importing large volumes of parts from America enabled Chrysler to produce the S series (SV-1) Valiant in large quantities for the Australian market.
However, the S series (SV-1) Valiant model range was limited, with only one model being available; the four door.
Chrysler Australia Managing Director (1960-1972), David H. Brown, boasted of the many improvements on the new Valiant. The S series used the same body shell as the R series with cosmetic changes. The main cosmetic changes were; deleting of the simulated spare wheel on the bootlid, which was replaced by a smooth pressing and a Valiant logo. Round tail lamps replaced the R-series’ cat-eye shaped ones, reduction of chrome exterior trim, and the grille was simplified, but the bonnet opening mechanism remained outside the cabin in the grille.
Other changes included sealed chassis lubrication, new ball joint ends and tie rod ends which were also sealed; said to need no attention for 30, 000 miles (50,000 kms). The S series retained the three speed gearbox, but the original floor mounted shifter had moved to a steering column mounted lever. The torqueflite automatic operated by facia located push buttons was still available as an option.
The new S series also came equipped with; a new gear-reduction starter motor, larger fuel tank; now 12 gallons (53 litres), better braking, and a corrosion resistant exhaust muffler.
Actual performance figures remained the same with top speed still approaching a heady 98 mph (158 km/h), just over 42 mph (68 km/h) available in first, and 70 mph (113 km/h) in second. 0 to 60 mph (97 km/h) took 18.5 seconds and 19.4 seconds for the standing quarter mile.
As might be expected all this technology came at a price (an additional £16 - which was a lot considering the average weekly wage was just over £40). But for those who could afford it, they were driving out of the dealerships in their new S series base models for £1255 ($2510). Or if the wallet stretched to it, a push button automatic for £1385 ($2670). The new S Series was popular, and the dealership salesmen had no trouble justifying the increase in price when explaining the obvious savings every new S Series owner would make with the new chassis system.
Waiting lists ensued, and if you wanted one of the new S series Valiants, you had to be prepared to wait. 10,009 examples were sold, 5,496 automatics and 4,513 manuals.