The 1987 Castrol 500 was a race for Touring Cars complying with Appendix C of the National Competition Rules of the Confederation of Australian Motor Sport (commonly known as Group A Touring Cars). The event was staged on 13 September 1987 over 129 laps of the 3.9 km Sandown circuit in Victoria, Australia, a total distance of 503 km. The race, the 22nd Sandown 500, was won by George Fury and Terry Shiel, driving a Nissan Skyline DR30 RS.