Last week’s M5 was a bit of a roll of the dice. While it was claimed to be low mileage and all original, it had undergone some modification and wasn’t in the best condition. Little was disclosed about the running condition of the motor. Worse, there was an undisclosed gaff in the history – it appeared that the odometer had been replaced at some point, and it certainly looked like the car might have more than the mileage claimed when you looked around it.
Here, we have the opposite. While that M5 was all go and less show, the E28 M535i is the appearance package incarnate; all the M-Tech bits are really just for looks here. Still, it’s a very appealing model. This M535i appears to be well documented, fully serviced, and in great shape. I’m also glad to see that it’s a shade other than black. The Arktisblau Metallic paint shines well, mileage is lower, the original and unique TRX wheels are sporting newer Michelins, the M-Tech body kit is all in place, and the interior condition is very good. What’s not to like?
Since the 1990s, the proliferation of each premium marque’s “special” brands has become dizzying, and for enthusiasts it seems as though they’ve continuously diluted the performance options in favor of profits. From S-Line to AMG to perhaps the biggest offender, BMW’s M division, companies are badge slapping-happy when it comes to sticking a bigger set of wheels, some special trim and maybe, if you’re lucky, a few extra ponies. And on the surface, this 335d would seem to fit that description perfectly. After all, how could you possibly compare the diesel to that sonorous M3’s S65 V8 that cranks out over 400 horsepower and 300 lb.ft of torque with a 8,400 RPM redline? Pull up to a redlight next to one in this 335d, and the snickering owner would undoubtedly be laughing at the ‘M-Sport’ option package you ticked off. Because you’d think there would be absolutely no way that diesel would produce equal power to the M3.
You’d be right. The M57 under the hood of the 335D doesn’t produce as much horsepower as the M3, at least not in stock form. But torque? It produces more. A lot more.
Starting at a leisurely 2,000 rpms, the twin turbochargers augmenting the inline-6 spool up to a mountain of power. In stock form, the 335d cranked out 428 lb.ft of torque. In fact, it’s so much torque that gets used on a regular basis that the first person I met who had one had already consumed a transfer case on his X-Drive model, and he’s not alone. Being a turbocharged model, it was also quite easy and possible to turn up the wick, such as has been done to today’s Feature Listing. The result? The seller claims 410 horsepower, 650 lb.ft of torque, and yet this classy 4-door can still return 35 mpg.…
The M5 might not have been the original super sedan. It wasn’t even the first hot 5-series. But just like the GTI is synonymous with the hot-hatch segment, the M5 became the standard by which all other super-sedans were judged the moment it rolled onto the scene in 1985. Power seemed other-worldly; 280 plus horsepower from the race-derived M88/3 hunkered down with beefy suspension upgrades and huge (for the time) alloy wheels linked with a limited-slip differential. At a time when “fast” cars had 180 horsepower, BMW’s first M-offering in the sedan range might as well have been a space ship.
BMW promised limited production for the U.S. market, too – and, indeed, only 1,200 were produced for the U.S. with the slightly de-tuned S38. Unfortunately, that was 700 more than BMW had promised to make, and that led to a lawsuit. It also wasn’t very long before the M5’s power reign was eclipsed; first by its replacement E34 model, then by the whole range of new V8 models emerging on the market, from the 1992 Audi V8 quattro to the 500E. Values quickly fell as these old-looking (even when new) boxy rockets fell out of favor, and they remained there for quite some time.
But recently there’s grown a much greater appreciation for all things 80s M, and though the E30 has grabbed the headlines as the market star, outside of the M1 it is the E28 M5 that was brought here in fewest numbers. Even fewer have survived, and finding clean, lower mile examples can be tough. It can also be very, very expensive – Enthusiast Auto Group currently has four great ones on offer, but the lack of listed prices is an indication of some of the market volatility. Hagerty now values condition 1 cars at $98,000, and even poor examples are quite pricey.…
By 1995, the BMW 325i had long established itself as the benchmark by which all other sedans were judged. Though it had only appeared in the United States for the 1992 model year, Europeans had access to the E36 as early as 1990. That meant they by 1995, the model was in need of a refresh and BMW was happy to oblige. But as the U.S. market was occupied by the M3 launch, the new non-M range-topper’s appearance would have to wait until 1996.
When the 328i did arrive, it was very much a case of ‘meet the new boss’; while not a fresh design, the light updates were met with more power to continue the 3-series’ reign at the top of the sales charts. The revised M52B28 was installed, and though it was more evolution than revolution, it was pretty good at spinning the needle thanks to 15% more torque than the M50 (207 v. 181). That meant real-world power and acceleration were at your hands, and matched with a manual gearbox the new 328i’s 0-60 time dropped into the low 7-second range. The changes carried over to the popular convertible range, which offered considerably more 4-seat sport than either the Audi Cabriolet or the E320 Convertible. At over $41,000 out the door, perhaps it should have, but then that price guaranteed that the drop-top 3-series would be prized by those lucky enough to order them.
Today, finding an E36 for sale isn’t very hard. But with the newest nearly 20 years old, finding a good one can be. These days, fewer and fewer appear like this very low mileage, well equipped 328iC:
Just as Rob’s first 911 experience was a Targa and he consequently always has a soft spot for them, my formative BMW experience was my father’s first foray into German automobiles. I was a young teenager when he purchased a 1982 633CSi. Coming from a family that had otherwise had only Toyotas, the 633CSi looked, felt and went in exotic ways I could never have imagined. The tactile sensations remain with me; the bark of the exhaust, the smell of the leather, how unbelievably small and uncomfortable that rear seat was.
He later followed up the 633 with a 1985 635CSi. Though outwardly the only change was larger wheels and the front air dam with integrated spoiler, it felt much more modern. I didn’t know it at the time, but of course that’s because it was – underneath, the E24 had moved to the E28 bits and that really did make a difference when you drove the two back to back. But BMW wasn’t done updating the dinosaur from the 70s quite yet.
1988 saw a host of further upgrades to the chassis even as its planned successor 8-series was completed on the drawing
board computer. Inside the car got an airbag steering wheel, while outside saw revisions to the headlights and bumper caps. But the bigger news was under the hood, where the M30B35 replaced the B34. Moving from the 3.2 to 3.4 motor between the 633 and 635 change had netted only 1 more horsepower for the shark, though it did have more torque. However the newly updated 3.4 really did up performance a few ticks. Now with 208 horsepower and 214 lb.ft of torque, the last of the E24s were the best non-M you could buy in terms of luxury, performance and drivability. It’s no surprise, then, that they’re also generally the most valuable outside of the M range, and this 1989 has been offered with no reserve to the delight of many bidders:
Update 2/18/18 – the Buy It Now option dropped from $28,500 to $18,000. What a deal!
Lucky for us, we get to continue the string of great-to-see Alpina E34s today with this B10 3.5/1. Unlike the BiTurbo from last week, the 3.5/1 made due with a naturally aspirated form of the M30. Still, head and software changes netted over 250 horsepower, and with the suspension and aerodynamic tweaks you’ve come to expect from Buchloe these were anything but pokey. Best of all, because they’re not the more extoic twin-turbo version pricing is a lot more manageable in general.
But several of the last Alpinas I’ve written up have also had major credential problems. So is this one to consider collectable, or is it another clever copy?
If it looks like a duck, walks like a duck and quacks like a duck in today’s collector world, you might still be looking at a turkey. So valuable have some cars gotten that it’s worthwhile for enterprising individuals to undermine the market with a less-than-honest example. The problem is that it seems all too easy for those sellers to misrepresent the vehicle, so it then becomes incumbent upon the buyer to investigate the background. Beyond that, though, sometimes I think buyers are so eager to get a “deal” that they’re often willing to overlook what’s highbeaming them right in the eyes.
Case in point; today’s E30.
Obviously, the M3 is a hot and desirable car. That’s nothing new and we’ve talked about it plenty of times. But there are quite a few less-than-desirable examples out there. It’s also possible to create a replica of the M3, because of the relative plethora of replacement parts or wrecked examples. Granted, this comes up in the 911 and muscle car market a lot more, but it’s happening for BMWs, too.
So while the photographs of this “1988 M3” look great at first glance, what’s wrong with what you’re looking at?
I’m going to continue on the M3 theme, and again we’re looking at a ’95. Just the other day, I pointed out how the E36 M3 – even in ‘diluted’ USA form – was a great value for a driver-oriented enthusiast compared to the E30 M3. But that’s not true of all E36s. There’s the Canadian M3 – essentially, a Euro import with all the verboten goodies we didn’t get here, one of which we saw sell last year for $65,000. There the M3 GT, which also upped the ‘special’ quotient quite a bit on the mass-produced M, and also will cost you a pretty penny. But for U.S. specification collectors, there’s really only one option in the E36 catalog: the Lightweight.
Over the past few years I’ve written up several of these cars as speculation has continued to grow that this will be the next logical step in market capital following the E30. Asking prices have been, at times, what most would consider outrageous for the E36. But never quite this outrageous. I hope you’re sitting down, swallow and move the drink away from your computer. Consider yourself warned.
An interesting counterpoint to yesterday’s no reserve M3 is, obviously, how much other generations of M3s cost. Like yesterday’s E30, today’s follow up needs little introduction as it’s been a fan favorite since day one. So how does this car compare to yesterday’s market hero?
Well, on paper the E36 is a better car. It’s quicker because it’s got more power. It’s cheaper to maintain. It’s no less adept in corners. And while it wasn’t quite the benchmark on international courses that the first generation was, the E36 was no slouch at the track either and is still a favorite weapon of amateurs and professionals alike.
This particular M3 stacks up pretty well against yesterday’s car. As with yesterday, it’s claimed to completely original though it’s clearly had some modifications. It’s also got about the same mileage at 126,500. And attract attention? Surely few will have difficulty spotting you in the stunning shade of Daytona Violet, here equipped with manual black leather Vaders. But the key yesterday was price, and here it is again:
I’ll refrain from my typically verbose introductions, as even the few who only occasionally peruse our pages will need to hear about how, when, or why the E30 M3 came about. There’s not really much point in talking about the mechanicals, either – ‘S14’ has become nearly as recognizable as the chassis designation. Nor is this particular M3 a special edition, limited run, or race car. It’s not completely stock, it’s not perfect, it doesn’t have super low mileage, and it’s not the best color combination. No, there’s really only one reason to talk about this car. Price.
For a while it was only really outstanding M3s that were bringing big bucks. Pundits called it a bubble that was due to burst at any moment. I’m not here to say they’re wrong; it certainly does seem unsustainable. But, then, the U.S. economy also is pretty unsustainable if you boil it down to some basic facts, yet it seems to keep on rolling. And just two weeks ago another (albeit low mileage) example sold for $102,000. So today’s M3 is particularly interesting not because it’s the best or most rare example out there, but because it represents a much greater majority of the pool; cars that were driven and modified, even if only a bit, from their stock configuration. Yet unlike nearly all that are for sale today, the seller of this car has taken the brave step of testing what actual market value is: