Having not really checked in on E30 M3 pricing lately, I decided to take a gander this week. The situation has not improved. Pristine examples are still asking north of $80,000. If you want one on a budget that’s no reserve, there’s a rusty example with little documentation and 200,000 miles with a wrecked interior for…$20,000 so far. That’s pretty insane for a car that needs a full mechanical and cosmetic restoration, because that money gets you into a pristine E36 or E46 and you’re knocking on the door of the E92s, too.
So I’m taking a different path today. Let’s say you want a collector-grade car but don’t want something old. Well, as I’ve mentioned previously there are a lot of special edition M3s out there. One that quietly slipped through in 2017 was the 30 Jahre Edition of the M3 Sedan. Built on a Competition Package base, the 30 Jahre added Macao Blue Metallic over full Merino leather in Black/Fjord Blue from BMW Individual. The exterior trim was treated to BMW’s high gloss Shadowline treatment and there were plenty of special badges to go around both inside and out. For the 150 out of 500 produced sent to the U.S. market, these cars came equipped with the Driver Assistance Plus Package and LED lights. With the boost turned up on the S55 and hooked to the dual clutch, the 444 horsepower was good for 3.8 second sprints to 60. Check that box for the DCT, and you were $86,150 lighter in the wallet – about the same ask as that E30 I posted earlier. So what does one of these limited models set you back today?
Update 7/08/19 – After raising and lowering the price several times, this very unique “645i Turbo” is back on the market in 2019 for $19,900 today.
I really love how these cars sometimes send you down the rabbit hole. What attracted me initially to this E24 was that it was a European-spec car and it had a pretty high asking price at nearly $23,000. Alone that wouldn’t be enough to warrant a post, especially given that from the first photo I glanced at, it doesn’t look spectacular.
But there’s a lot more than meets the eye when considering this car, and it has a lot more to do with the personality behind it than the current condition.
The name Albert Mardikian probably doesn’t mean much to you. Mr. Mardikian is a partner and the Chief Technology Officer behind ReGreen Organics, a company which deals with a lot of shit, for lack of a better term. I’m not being flippant. They’re an organic solid waste management company.
And it is in this capacity that Mr. Mardikian’s philosophy is particularly interesting when considering this car. He proclaims that he has a “passion for bettering our world”, yet his past would seem to have little to do with environmental improvement. That’s because in a past life Mr. Mardikian was also the proprietor of Trend Imports. Ring a bell? If not, perhaps a perusing of the Tom Cruise movie Rain Man would help you out. Mr. Cruise’s character’s subplot – an importer of exotic cars held up by the EPA – is based upon Mr. Mardikian. Because if you were in L.A. in the early 1980s and you wanted a gray market car, Trend Imports was where you went. And just like the main character in the movie, Mardikian got in quite a bit of trouble for the Lamborghinis, Ferraris, Rolls Royce and other models he imported by skirting EPA emissions laws.
Though his troubles with emissions laws dated back to 1981, Mardikian continued to be the turn-to source for ultra-exotics in the early days of importation. He also built custom convertible versions of some of the most famous 80s icons – Mercedes-Benz 500SECs, Lamborghini Countachs, Ferrari 512BBis, Porsche 930s. How about those replica Daytonas for Miami Vice? Mardikian. And he made more more neat creation – he married the turbocharged M102/6 from the European version of the BMW E23 745i with the slinky shape of the E24, creating his own “745CSi Turbo”:
Though the E3 had offered a sizeable sedan, the replacement E23 really stretched BMW’s platforms. The new 7-seres was 6 inches longer overall, most of which fell in a longer wheelbase versus the E3. It was also wider by a few inches and lower, too. Paul Bracq again provided the styling and it was nothing surprising; it carried the torch of many of the design elements of the 3-, 5- and 6-series cars, and that certainly wasn’t a bad thing. But what BMW hoped would help to set it apart from the competition was technology and performance, along with a high-level of material quality in the cabin. Options included Buffalo leather, an on-board computer system, anti-lock brakes, heated and reclining power seats front and rear, and even an airbag late in the run; standard fare today, but way ahead of the curve in the late 1970s and early 1980s. BMW matched this technology with a thoroughly modern driver-oriented cockpit which made the W116 Mercedes-Benz competition feel immediately antiquated.
E23s are hard to come by today but generally affordable, certainly in the context of current 80s BMW pricing. And though only a 733i, this one has some uniqueness to help it stand apart, too:
The E28 will undoubtedly go down in automotive history as one of the most-loved chassis from BMW. Like its even more versatile little brother the E30, the E28 was a huge step forward in performance, driving dynamics and build quality from the E12. Classic looks defined the brand, while multiple different engines allowed a variety of budgets to experience the Teutonic design. And, like the E30, the E28 introduced the world to the first full M branding, raising the bar and defining the luxury sports sedan full-stop.
Some 31 years on from the last E28s rolling out of showrooms, prime examples still are stealing the stage in the classic BMW market. Pristine M5s still lead the charge but even very clean custom E28s can bid to high numbers. Today we have just that – a very clean, Euro-spec ’84 528i with some period modifications in a color combination that really helps it stand out:
The 2002 Turbo is not the type of car that you typically ‘roll the dice’ on. With asking prices for many at or over $100,000 today, they’re one of the established royalty of the storied halls of BMW. The KKK turbocharged slapped on the M10 resulted in a Corvette-killing 170 horsepower in the mid-70s. This was cutting-edge technology as one of the first turbocharged production cars and required the efforts of BMW’s Motorsport division to pull it all off. With just 1,672 produced, they’re rare as proverbial hens’ teeth too.
Yet here is a claimed example that has been restored and is being offered at no reserve, with bids sitting at just $13,100 at time of writing. Is this the deal of the century, or is something amiss?
If you really want to stand apart from the standard E30 crowd, some of the limited production models that never came here are a sure-fire bet to draw attention. Late in the E30 run, BMW developed a special run of E30s called the ‘Design Editions’. These were effectively just appearance packages with splashy colors; Daytona Violet, Neon Blue and today’s feature color, Neon Green Metallic 262. Each was matched with a special interior fabric, here in 0464 with Neon Green accents. Underneath, these were effectively stock E30s otherwise, so you got a M42 inline-4 rated at 140 horsepower and here mated to a normal 5-speed manual. While the drivetrain isn’t anything exotic, certainly the limited nature of this model is – as only 50 Neon Green Metallic Design Edition 318iCs were produced:
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 1,239 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. This one appears to tick the right boxes:
While the B10 BiTurbo generated the headlines as the world’s fastest sedan, BMW’s replacement M60 V8 motor was making its way into production and the M30 inline-6 was on its way out. Of course that meant it wasn’t too long before Buchloe got their hands on one, and in turn it wasn’t too long before the B10 4.0 replaced the BiTurbo as the top offering. But a year later, Alpina had already punched out the block to 4.6 liters. Now generating 340 horsepower, the new B10 4.6 not only was as quick as the M5, it was considerably cheaper and less complicated than the BiTurbo had been too.
Like the 4.0 before it, the standard 17″ Alpina wheel treatment, upgraded suspension, larger and less restrictive exhaust, aerodynamic tweaks and unique interiors all made their way here. Also like the 4.0, the 4.6 was available as either a sedan or Touring, and as either a 6-speed manual or 5-speed Switch-Tronic automatic. A scant 46 were built before the end of E34 production, of which only 19 were Touring models – making this one of the most limited Alpinas produced:
BMW took a big leap at the end of the 1980s and introduced some pretty extreme design language. First was the E31 8-series, a seeming quantum leap from the outgoing 6-series. That chassis pioneered, for better or worse, a tremendous amount of technical and electronic innovation for BMW. The 8s relied on a bevy of computers to control its chassis, electronic suite and engine. Side by side with the more famous Grand Tourer though was a diminutive roadster BMW produced based heavily on the E30 chassis. Instead of a heavy reliance on computer technology, the futuristic (hence Z for the German word for future – Zukunft) plastic bodied Z1 looked like a supercar even if it didn’t go like one. Park one next to a E30 convertible and you’d never know the two are related!
The Z1 was a complete departure for BMW; while they were not strangers to small cabriolets, their previous efforts were in the 1930s with the 315/1 and the 1960s with the 700. BMW went away from the idea of an integral body and frame to a separate chassis with removable, plastic body pieces. The idea was that the owners could replace the panels themselves to “repaint” the car with minimal effort. It was something the Smart car would be notable for – a car that launched a decade following the Z1. To get the paint to adhere to the bodywork, BMW had to partner with AZKO coatings to develop a flexible paint which they termed ‘Varioflex’, while the bodywork had to be attached using a unique elastic joint technique. The doors didn’t open out – the slid down into the supporting chassis structure. The underbody was flat, not only for aerodynamics, but the tray turned into a diffuser towards the back, assisting in sticking the rear to the ground as speeds rose. In front was nothing new – the venerable M20 from the E30 popped up here, too – but in the rear the Z1 was new with a multi-link rear axle of its own. This new design would later be incorporated into the E36. It’s interesting that with the Z3 BMW opted to go the opposite route and incorporate earlier E30 pieces into the rear of the /7 and /8. While performance was relatively leisurely, the Z1 nevertheless garnered praise for its innovation, unique design and great looks. They never made it to U.S. shores and only around 8,000 examples were ever produced, but a few have crossed the Atlantic now that they’re old enough to be more easily imported:
The BMW 1M is safely now into cult status. Values for used examples very rarely dip below $40,000 with the nicest one selling for tens of thousands more. Does it surprise me? Yes, a little. I think we all knew it was a really fun car, but I don’t think anyone knew they’d still be trading hands close to MSRP some eight years later. Good value for money? I can’t argue it. These cars are a hoot in daily driver situations as well as the track. Yeah, the N54 has its drawbacks (this example needed new spark plugs at 8,000 miles), but if you stay on top of things, nothing is too severe. Today, I came across an example painted in signature Valencia Orange with just over 10,000 miles. Even better, it was for sale at a BMW dealer in San Francisco. Great news, right? Nope. You aren’t prepared for how much they are asking for this car. Trust me.