 The Caprice V gained its own alloy wheel design, standard sunroof and rear seat entertainment system over the base Caprice, making it roughly equivalent to the original WM Series 1 Caprice in equipment.Drivetrain options were also standardised; the Caprice came standard with the 3.6L V6 with an optional LPG variant, while the 6.0L V8 became the sole engine choice on the Caprice V.

The WM2 Caprice was largely unchanged in general interior design from the WM1, but gained Holden's new 'iQ' infotainment system, enabling the connection of USB devices, enhanced bluetooth connectivity for music streaming, satellite navigation with traffic alerts and a reversing camera.The exterior remained similarly unchanged, except for new wheel designs and the chrome boot garnish, which was modified to house the reversing camera.