The R33 GT-R launched in January 1995 with the base model GT-R and the V·Spec model. The V·Spec model weighed in 10 kg (22 lb) heavier, and had sportier suspension resulting in lower ground clearance. The V·Spec also featured the newer ATTESA E-TS Pro all wheel drive system, which included an Active Limited Slip differential. The V·Spec model also included a four-wheel independent channel anti-lock braking system.
At the same time as the release of the R33 GT-R and GT-R V·Spec, Nissan released the R33 GT-R V·Spec N1 model. Changes made in the R33 N1 are similar to those in the R32 N1. The car was made lighter by removing the ABS, air conditioning, sound system, rear wiper, and boot carpet. The R33 GT-R V·Spec N1 received the slightly revised R33 N1 engine.
The R33 ended production on 9 November 1998. The last R33 GT-R produced was a V-Spec in GV1 Black Pearl.