Update 1/31/2019: The seller has relisted this M1 now at $695,000 – nearly $200,000 down from last Spring, but probably still ahead of the market.
Update 7/29/18: After listing in May at $875,000, the seller has dropped the price to $725,000 – still high for the model, but not as far out of line. Will it sell this time around?
I give Audi a lot of credit for bringing the R8 to market. It took a fair amount of gall for a company best known for mid-range all-wheel drive luxury sedans to up and produce a supercar-beating mid-engine road car capable of being used year-round and every day. It’s a feat nearly without precedent. Of course, I said “nearly”.
That’s because BMW pulled off a similar trick the best part of thirty years before Audi did it. And arguably the development of what would become BMW’s fledgling Motorsports division was even more impressive than what Ingolstadt pulled off. The M1 burst onto the scene at a time of economic austerity, global oil crises and came from a company who not only didn’t have a history of producing such cars, but didn’t have connections to others who did (unlike Audi’s corporate Lamborghini partnership).
Speaking of Lamborghini, because of BMW’s lack of expertise in supercar design it was the Sant’Agata firm that was employed to produce the M1. But because of Lamborghini’s lack of expertise at being…well, a company capable of producing something on a schedule, BMW engineers had to first liberate the early molds from Italy and then find someone who could produce the car. Ultimately, it was a combination of ItalDesign in Turin, Marchesi metal working in Modena to build the frames and Karosserie Baur in Stuttgart that stuck the M1 together. Though it doesn’t exactly sound like a match made in heaven, and indeed the M1 was a relative sales flop, it has nonetheless grown to cult status as one of the most user-friendly supercars of the late 1970s:
One of our favorite colors over here at GCFSB is Viper Green. Though it’s made a resurgence on recent PTS Porsche 911s, for me it really works the best on the clean lines of 1970s models. But few remember that there were actually two Viper Greens in the 1970s. There was the popular pastel tone most associate with the name, but Volkswagen also launched its Scirocco in the 1970s with a metallic version of the color. Code L96N was ‘Viper Green Metallic’, and it looks equally lovely here on this Type 53 Scirocco as it would when equipped as a Paint To Sample on a 911SC Targa.
But there’s much more to love besides just a color here. If Viper Green Metallic wasn’t rare enough to see on a infrequently seen first generation Scirocco, this particular one is a low mileage survivor with the color-matched Tartan green interior and appears in nearly original condition:
It’s funny to follow yesterday’s GTI with this Scirocco S. The critique against the GTI was that it was primarily just an appearance package; underneath, effectively everything was shared with the more pedestrian Golf models, which were cheaper. For many, coupled with the automatic gearbox, that made that model quite undesirable.
Well, in all reality the Scirocco S was just an appearance package as well. The S model shared all of the basic aspects of the Scirocco, but the optional 5-speed was standard, it came with 13″ alloys, a special interior and a front spoiler. Doesn’t sound like much, eh? In all honesty, it wasn’t, and on top of that you only could choose from a few exterior colors. But while finding a clean and original Mk.3 GTI can be tough, finding an original S model Scirocco in good shape borders on impossible. That makes this model one of the most highly sought in the lineup from the 1980s:
If you haven’t been paying attention and like the early Scirocco, you’d be forgiven for thinking this was a cheap classic. But over the past year several exceptional examples of the first generation Giugiaro coupe have popped up and the result has been sticker shock. For a while it was only the GTI which generated really big numbers, but a niche appreciation for these little 2-doors has sent prices through the roof.
The first shot across the bow was in April 2016, when a pristine and original survivor ’81 with 51,000 miles hit $17,100 after 95 bids:
1981 Volkswagen Scirocco
That was followed in September of this year by two strong but not original examples; the New Dimensions Turbo example brushing up against $15,000:
First Dimension: 1978 Volkswagen Scirocco Callaway Turbo
And the clean resprayed ’80 hit $9,300:
Wild or Mild? Double Take: 1978 and 1980 Volkswagen Sciroccos
But the culmination of these examples was the best I’ve seen yet. It was a massively impressive ‘1978 that appeared throughout near new, and it was no surprise that bidding at the last moment rocketed up to $17,700:
1978 Volkswagen Scirocco with 27,000 Miles
So it was somewhat without surprise that suddenly my filters are full of early Sciroccos. Over the past few weeks, even more examples have hit eBay in what I can presume is an attempt to capitalize on the capital generated by these cars. The same trend happened a few years ago when we saw big numbers on A1 GTIs. So here we go again, this time with a pre-facelift ’77 model in California:
Edit 11/28/2017 – though it reportedly sold for $17,700 this car has been relisted at $17,495 HERE – $2,000 more than the original listing’s Buy It Now option.
Normally I write fairly verbose introductions, covering the history of a particular model or some interesting tidbit about its history. Sometimes they’re my personal connections to the cars. I’m sure on more than one occasion you’ve wished I’d just shut up a bit so that you can get to the car. Today’s that day, because the presentation and condition of this 1978 Volkswagen Scirocco are so staggering I was literally left mouth agape looking through the photo reel. Enjoy:
There are a few strange similarities between yesterday’s 1987 Volkswagen Scirocco 16V and today’s subject – the much more elusive and legendary BMW M1. Both were sporty cars developed from more pedestrian beginnings. Both featured high-revving dual-overhead cam motors. But the interesting part comes in the sublet of construction, and the design. Both have links to Giugiaro, but both also borrowed heavily from other designs.
In an article I penned for The Truth About Cars last year, I covered some of the development of the Wedge Era and how those spectacular show car designs channeled their design language down to more pedestrian models. One of the stars of that article were the cutting-edge looks from Giugiaro’s ItalDesign – the firm, and man, responsible for some of your favorites such as the basic shape for the Audi Quattro. But while the Quattro launched its brand into the luxury realm and redefined the 80s, the undisputed German star of the wedgey wonders was the BMW M1.
As we saw with the Dasher Hatchback from last week, just because it’s older and in good shape doesn’t automatically mean it’s worth a lot. If it’s a GTI or a Scirocco, sure – sit back with the popcorn and watch the bids roll in, but that Dasher? It sold for $1,600. Admittedly, it needed at least that amount and probably more in mechanical freshening, but still – you’re looking at a unique classic for well under $5,000 all in.
Today is another such beast, and like the Dasher, it’s a niche car that most will probably pass over for the more exciting metal. But this is one trick little bit of kit as you look a little closer. A1 Jettas are pretty rare to begin with, and this is a claimed rust-free example – always a good place to start. Euro bumpers slim down the look while Corrado Sebrings and a lowered ride height beef it up, but the clean presentation is really highlighted by the rare drivetrain – the CY turbocharged diesel inline-4 mated to a 5-speed manual transmission, good for 68 horsepower and 98 lb.ft of torque. This motor was also briefly available in the first generation Audi 4000. The 10.6 quoted 0-60 time won’t sound particularly exciting, but it was quite a bit quicker than the standard diesel and recorded better fuel economy (Volkswagen claimed it could top 54 mpg!). But the key to this car is the relative obscurity and rarity of the package.
A few weeks ago I took a look at a pretty wild, and fairly famous, first-generation Volkswagen Scirocco. Replete with period details and a Callaway turbo kit, it was a hit for sure as it was when it was the signature car for New Dimensions.
First Dimension: 1978 Volkswagen Scirocco Callaway Turbo
While in some ways the mods took away from the beautiful simplicity of the Giugiaro design, it was still a trick car and brought strong bids, selling finally for nearly $15,000. That money is quite close to the 1981 Scirocco I looked at last year. Completely original and very pristine, it sold for over $17,000. Clearly, the market for these cars values both stock and well modified examples highly.
1981 Volkswagen Scirocco
In light of that, today I have an interesting comparison to consider. First we’ll take a look at a fully original, very clean and proper survivor 1980 Scirocco, then we’ll gander towards a full-on show car powered by a R32 VR6 and a claimed 400 horsepower – about five times what it came with originally. Will the bids follow the historical trends?
Yeah. Another Scirocco. If you can be fascinated by the proliferation of the mega-Beetle 911, though, you can bear with me. Volkswagen’s replacement for the Karmann Ghia, what would become the Porsche 924, proved to be perhaps a step too far for the company. What it created instead, once that was abandoned, was a bit of a legend in its own right. Based upon the pedestrian underpinnings of the Golf but actually developed in tandem and released prior to the more famous hatchback, Giugiaro’s penning of a slinkier two-door coupe variant of the platform was simply beautiful. As the Ghia had before it, it married serious Italian styling credentials with the practicality of an economy family hatchback.
Volkswagen’s new EA827 was the power of choice. Here displacing 1588 ccs and generating 71 horsepower, it was adequate motivation to top 100 mph – just. Amazing at it may seem, the nearly 1.6 liter unit in this 1977 was an upgrade over the 1.5 from the model’s 1974 launch in the U.S., though it only gained one net horsepower. They were diminutive cars; a 94.5 inch wheel base and only 155.7 inches overall, the first generation Scirocco is an amazing 10 inches shorter than the model I looked at yesterday. Even though it had little horsepower, road tests revealed that the Scirocco could out-accelerate a Mustang II Mach 1 (its contemporary) in the quarter mile. How dreary must that shoot-out have looked to our modern eyes? Suspension in front was a strut with coil-over spring setup; the rear was technically independent with a trailing arm configuration. Wheels were 13″ by 5″, or about the same size as modern brake discs on high performance cars.
Early water-cooled Volkswagens are now entering an interesting phase of market value. For some time, if you bought one and restored it there was only one reason – you absolutely wanted it to be what you wanted it to be, regardless of cost. It was a losing proposition in terms of value as you poured your hard-earned cash into bringing your beloved people’s car back from the brink of extinction. People would openly question your sanity; for your investment, you could have had a brand new car, after all. Even a VW!
But over the past few years, the tide has turned as greater appreciation for the early designs has swelled. Of course, the pool of remaining candidates hasn’t, so prices on pristine original examples have been driven heavily upwards. $22,000 for a low mileage GTI? $17,000 for an original survivor Scirocco? These were numbers that, not long ago, got you a pretty nice Porsche 911 of the same vintage. As a result, it’s suddenly becoming economically viable to restore these early Volkswagens and not lose your shirt.