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1997 BMW M3 with 45,000 Miles

Published June 18, 2014 by Carter

Next in my continuing series of “Why buy an E30 M3 right now?” comes…a M3. What’s going on? For as bad as I’d consider the value of the E30 M3 right now, it’s hard to argue with the value of the E36 and E46 M3. Out of the box, they did everything better than the E30 did. They’re easily the track equal of the E30 and have some added luxury and refinement. One could argue that the build quality went down a bit with the E36, but find a nice example and you’ll soon forget that. Aftermarket suppliers abound, as this is the GTi of the BMW world, parts are plentiful and relatively cheap, and they look and sound great. What’s not to like? Get one in a great color with lower miles and it’s pure win:

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1988 BMW 635CSi 5-speed manual

Published June 17, 2014 by Carter

By 1988, BMW’s lineup consisted of a few dinosaurs from the 1970s which remarkably still were considered reasonably fresh and competitive in the market. First was the E28 5 series; a refresh itself of the earlier E12 design, most of the technology and the layout seemed fairly dated by 1988; if nothing else, certainly the bumpers hinted at a less than harmonious relationship between Paul Bracq and the United States DOT. The same could be said of the E24 6 series, now entering its 12th year of production. Granted, like the E28 it had received a host of updates in the early 1980s that kept in on top of the heap; for both platforms, the screaming S38 powerplant uttered the last roar in the U.S. for both legendary chassis. But unlike the E28, the E24 was granted one last stay of execution before the launch of the 8 series. With some light facial work, a nip and a tuck it suddenly looked like a much more modern car and in my mind the prettiest of the E24s outside of the original and unspoiled 630CS. Most of these last of the run 6’s seemed to be automatic, but a precious few were imported with a 5-speed manual – giving a sporty and less expensive alternative to those not needing the motivation of the M6. Today there is one such 635CSi for sale on Hemmings:

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Motorsport Mondays: 1988 BMW M3 Evo2

Published June 16, 2014 by Carter

I’ve said it before, and I’ll say it again – I generally try to stay away from the E30 crowd, mostly because I really don’t think the current values on the M3 are justified. For under $10,000, it was a great track car. For under $20,000, it was a great occasional driver and memory of fun times in the DTM. At $30,000, it starts to become a show car that you’re not willing to drive to the store. Past that, it’s pure speculation and there seems to be no end in sight. Likely, that won’t be the case but if the Hemi bubble taught us anything it is that there will always be something new for people to latch on to. Of course, I watched a Mecum auction this past weekend and saw a Hemi Barracuda hammer for a few million dollars, so I guess the market on those cars still hasn’t returned to anything resembling normal.

Will the E30 M3 drop back down? Well, it can’t stay on this trajectory for long, that’s for sure. Cars have tripled in value in the past two years, a trend which is simply unsustainable. They’re no longer values – they’ve become the absolute top of the 1980s BMW market outside of the ultra-exclusive M1. And why? Don’t get me wrong, the E30 M3 is a cool car. But exclusive? They made 16,000 of them, for goodness sake. Compare that to some other notable BMWs – 450-odd M1s, about the same amount of pre-war 328s, or 250 507s. To put that even into more perspective, BMW made only about 6,000 E24 M6s and a scant 2200 E28 M5s. Rarity isn’t on the side of the M3, but few have ever accused the automobile market or enthusiasts with any sense of sanity, so the climb continues. Now, in my mind there are some E30 M3s that deserve the attention and loftier prices, and the Evolution models have to be one of the most deserving. With a touch more power and a little less weight, the M3 Evolution was closer to it’s track-winning relatives than the standard production M3. As they only made 500 of each run, they’re rare to see – but the market is such that for some who got in at the right time, they’ve reached their stop on the crazy train:

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Motorsport Mondays: 1998 BMW M3 S38 Swap

Published June 9, 2014 by Carter

Back in April, Nate wrote up an attractive E30 M3 S38 swap that was asking all the money for what was a non-original car. But we liked it, mostly because it was a well executed build and it took what would have been a tired S14 E30 and breathed new life into it. So what else does that great S38B36 look at home in? One of the complaints about the E36 in North America was that the M3 didn’t get a full-blown M motor as its predecessors and stablemates, but the builder of today’s track attack 1998 M3 has resolved that. Backdating the motor, this E36 is a rolling M appreciation billboard that will remind you what an incredible track car the E36 makes:

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