Update 5/2/19: This M3 sold for $66,500 plus premium (~$70,000).
I own a M3. It’s a fairly rare M3, too – at least, in the grand scheme. But my car is far from famous, and likely never will be. That’s because while Phoenix Yellow Metallic was reasonably rare, BMW still managed to churn out nearly 3,000 Coupes in that tone alone out of the total E46 M3 production. Given that number is relatively large compared to earlier M products (about 56,000 total Coupes produced), buyers who selected PYM represent a fairly low percentage of 5.3. The percentage of U.S. cars in PYM is even lower; 514 were ordered out of 26,202, meaning your chance of running across one when new was only about 2%.
But compared to some of the individual colors, that’s downright commonplace. Since we’re looking at an E92, let’s crunch the numbers – a total of 40,092 Coupes were produced worldwide, and of those 15,799 came to the U.S.. 8,299 of those were post LCI cars like today’s example. 6,235 came as manuals (both pre- and post-LCI). 865 were sent through BMW’s Individual program and painted a variety of colors – but this one, Atlantis Blue Metallic, accounts for only 3 total Coupes. Three. That’s .019% of imported E92s.
Of course, it’s not the color of this car (as stunning as it is) that makes it really famous. No, it’s the story about how it came to be:
Update 1/13/19: After failing to sell in October 2017 for $8,500, this very rare and special E32 has been relisted for $8,100 today.
The 7-series never really developed the cult following of some of its countrymen or the rest of the BMW lineup. It wasn’t as luxurious as either the W126 or W140 Mercedes-Benz competition. It wasn’t as clever as the Audi V8 quattro. It wasn’t as good a driver as the E30 or E34. There was never a Motorsports division version, and it wasn’t quite as good-looking as its successor, the already legendary E38. As a result, the E32 was – in many ways – a disposable luxury car, much like some of the Audis of the period. They’re mostly gone and forgotten, but every once in a while a really neat one pops up and is worth a look.
I grew up in my formative driving years with a 5-speed 735i E32 in the family stable, and it was a wonderful car. It rode well, it was comfortable, the 3.5 liter M30 was turned up over 200 horsepower and so it was plenty quick. Generally speaking, the U.S. spec 5-speeds are the most highly sought E32s here and it’s easy to understand why. But this particular E32 turns the desirability up a few notches:
Speaking generally, there aren’t too many new cars that cross the pages of this site. It’s even somewhat rare for us to breach the decade-old mark; that’s the point where really nice used examples of our favorites start to become hard to locate. And, frankly since anyone can walk into a dealership, sign a few papers and walk out a lot lighter but with any specification car they can afford, the older metal is typically what draws our (and, hopefully, your) interest.
But once in a while something pretty special comes along, from a 911R to this car. The fifth generation F80 M3 has taken a huge leap forward in complexity, technology and performance. The S55 twin-turbocharged inline-6 is an absolute tower of power; while ultimate horses didn’t increase much version the E9x S65 V8 (425 versus 414), the torque was the big news. It was in part the final number – 410 lb ft., up an amazing 90 over the V8, but it was also the reality of when you could use that torque. The S65 developed peak twist at just shy of 4,000 rpms; the S55 does it at 1,850. Not only that, but the torque curve is billiard table flat until 5,500 rpm. The result, despite the heavy weight stature of the new gigantic F80, is astonishing speed.
By itself, the F80 M3 is a force to be reckoned with. However, this particular M3 is just that bit more special, as it was handed over the group at BMW Individual and painted in E46-signature Laguna Seca Blue:
Just prior to the launch of the E36 M3 for North America, Canada got a special run of European-specification M3s. However, they weren’t alone in terms of custom E36s available. 1994 also saw the United States get a pretty unique, and quite limited, E36 model.
It was the 1994 325is M-Design. Fans call it the M-Tech, and it was very similar to the Clubsport Coupe that was available in Europe.
While underneath this was basically a stock 325, it was still pretty special. It included nearly all the items that the M3 would have outside of the motor and brakes. You got the M-Tech body kit, mirrors, steering wheel and shift knob, along with the Anthracite M cloth (0506). Many (if not all) were painted Germany’s racing color – Alpine White. Additionally, the M-Tech included a cool set of 17″ BBS 2-piece wheels. They were referred to as Style 29s, but were actually a multi-piece version of the forged BBS RG wheel. A limited run of only 150 (according to fans, BMW isn’t sure) were produced by BMW Individual with a $4,700 premium on the base price of the 325is.
“Too expensive” shouted a few Facebook comments on yesterday’s 330xi Feature Listing. “It’s 11 years old with 130K. WTF!”
He wasn’t alone, and I find that strange. Because, well, here’s a 14 year old 325xi. It’s got 159,000 miles. And, the asking price is a latte away from $8,000. There’s no maintenance disclosed, nor the careful care shown to our Feature Listing car, either.
But my guess is no one will be complaining that this particular all-wheel drive BMW is overpriced. That is simply because of the configuration in this case. While it’s certainly very rare to come across the E90 sedan in the specification of the Feature Listing from yesterday, I’ve never seen an E46 in this spec – nor are you likely to see another. That’s because this particular car is claimed to be one of one – the sole BMW Individual spec’d Dakar Yellow 325xi Touring 5-speed Sport Package.
For some time, critics have claimed that the E36 chassis was just too prolific and not special enough to be considered by collectors. They weren’t built well enough, they didn’t have the pedigree of the E30 or the power of the E46, and since you could buy one on your local Craigslist for $5,000 (less, sometimes!), why the hell would you pay a premium for one?
It’s been about a year and a half since we last looked at a M3 Lightweight. The ask was $90,000 on a model with below 30,000 miles, and it was no surprise that for many that ask was far too strong, though I suggested opportunities like that weren’t going to come along every day. In that time, we’ve seen some big numbers start to roll in for special E36 variants, like the $65,000 Canadian Edition M3. But all expectations on the E36 market, and especially those on the Lightweight model, were thrown out the window this past March when a lower mile, all original example came up for auction at Amelia Island.
The price? After hot bidding and when the hammer finally fell, it hit $145,750. I was astounded, even though for years I’d been claiming these cars would increase in value in the not too distant future. What does that number mean for the rest of the run?
There’s an entire sub-culture of automobile enthusiasts that MUST have everything wagon. And for those people, there have long been many options to choose from – expect recently. Since the 2000s, the number of wagons available to U.S. fans has dropped off a cliff so that today precious few are left. I detailed what I felt was the height of the market last year over at The Truth About Cars.
Today, enter the marketplace and there are very few options left. The staple Audi A6 and BMW 5-series wagons have left the market, as has the regular A4. Sure, today you can finally get an all-wheel drive Golf Sportwagon that was promised for so long, but outside of that, you’re left really with the Allroad, the expensive and numb (but potentially ridiculously quick) Mercedes-Benz E-Class wagon, or the BMW 3-series.
Options for the 3-series have dwindled as well as the price has increased. From rear-or-all-wheel drive a few years ago with multiple engine options, only two remain – you have a choice or gas, or diesel. The Sports Wagon has gotten pretty ridiculously expensive, too – starting at $43,000, it’s not hard to break $60,000 when you start to add options (which you’ll see below). Even more ridiculousl is the naming convention, to the point of I’m not sure what the word order is in the title of these cars anymore. Seriously, consider our first example – the “2017 BMW 330i xDrive Sports Wagon M-Sport Individual”. Or was Individual first? Or M-Sport second?
Nevertheless, these wagons remain popular among sport-minded German car freaks who need to carry more than just themselves. Today I have two interesting blue options to consider – one a special-ordered Individual in Laguna Seca that is brand spanking new, or a lightly used Estoril Blue Metallic example. Which is the one to have?
You’re not going to buy this M3. It’s not because of lack of desire; certainly, a limited run European-specification Canadian Edition M3 is already a very hot commodity. Further upping the ante was the BMW Individual “Giallo” yellow color, slightly different than the standard specification Dakar Yellow. While that may seem like a strange choice, it was what the original buyer of this already very expensive ($60,000 in 1994, about $90,000 today) ordered – and that choice made this particular car the only out of production color in the run of 45. Obviously, since they cared a lot about their prized Euro M3, miles are super low and condition is effectively near perfect. But you’re not going to purchase this car, not because of the colors, or the miles, or the low production number, or even because it’s a Euro car. You’re not going to buy this E36 because the asking price is $65,000:
Hardly out of production, journalists and enthusiasts alike are already calling the last of the naturally aspirated M3s a classic in the making. Some have even gone so far as to call the E9x M3 the best M product BMW has produced. Certainly it was a screamer, with butch good looks to back up the impressive power chops on tap from the S65 V8. As always, I’m drawn to the more unusual colors offered through BMW’s Individual program and today’s example is a pretty interesting one. Apparently, dissatisfied with the yellow-toned options from BMW’s own color catalogue, the buyer of this particular M3 asked BMW to head to the Black Forest and it came back with Speed Yellow from Zuffenhausen. A vibrant tone more piercing than Dakar but not as orange as Atacama, does this E92 light up your sky?
In my search for an E46 M3, one thing became quite clear – finding uncommon colors in good shape was very difficult. When you start to look at the color breakdown of the 2001-2006 M3s imported, it soon becomes clear why. According to the M3 Portal, some 5,853 coupes were ordered in Titan Silver Metallic – basically, one out of every 5 coupes in the U.S. is this color. A further 4,700 are Carbon Black, about 3,400 are Black and and nearly 3,000 are Silver Gray. See where we’re going? A full 60% of E46s were either silver-gray or black, and a further 10% were eaten up by Alpine White or Steel Gray. So only 30% – about 7,500 in total, broken up between the eight stock colors, with a minority – only 321, or just over 1% – being special ordered through BMW Individual. Some of the Individual colors are just about that, with about 30 different shades being selected. For example, there is one Malachite Green Metallic E46 M3 kicking around the U.S. somewhere. But today’s color was a much more popular selection, though it bookends E46 production. Available on the E36 and back by popular demand on the new 3-series, Estoril Blue Metallic certainly looks great on the lines of the E46, and this is one of a reported 58 imported in this color: