1990 BMW M3 Sport Evolution

Update 11/11/18: Auto Kennel has dropped the asking price from $109,990 to $99,990.

Just as with Andrew’s 190E 2.5-16 Cosworth Evolution II, a series of modified M3s were run past the FIA to introduce new aerodynamic equipment and changes to serial M3s. Also dubbed the Evolution, three separate models were brought to market to homologate the changes. The last was called the Sport Evolution and brought the most amount of changes in the run. Thin glass and lightweight bodywork was carried over from the Evolution II, while the Sport gained adjustable front and rear spoiler extensions and wider arches in front. Under the hood, the 2.3 S14 was replaced with a 2.5 version of the motor which cranked out 238 horsepower. There were a host of other minor changes, all of which added up to a very special – and very quick – package. A total of 600 were produced; though this was the last of the specials, it was also the most prolific. To help differentiate them from the other Evolutions (if the spoilers weren’t enough), the Sport Evolution also got unique bumper trim and Nogaro Silver painted 16″ BBS wheels, along with special Recaro seats inside. While they are the most frequently produced E30 M3 special, they’re still arguably the most desirable and collector friendly. Since they were never officially imported to North America, it’s quite a treat to see stateside. Presented in Brilliant Red 308, today’s Sport Evolution is one of the better examples on the market:

CLICK FOR DETAILS: 1990 BMW M3 Sport Evolution on eBay

Continue reading

2003 BMW M3 Convertible

Update 10/15/18: This M3 Convertible sold for $22,100.

Like yesterday’s base 944, the M3 Convertible isn’t a car I spend a lot of time on. However, the recipe is hard to argue with; you get the beautiful lines of the E46 mated to the sonorous S54 with limitless sky over your head at the touch of a button. When this car was new, it was the fastest production 4-seat convertible available, though at nearly $60,000 it was hardly cheap. Fast forward to today, and it’s generally become the cheapest way to experience BMW’s gem of a motor in the ultimate development of the naturally aspirated inline-6.

Though I don’t write of them often, I do keep my eye on them from time to time. And today’s particular 2003 is a very special package. Presented in 400 Steel Gray Metallic over N5ZM Cinnamon leather, visually this car is quite a looker. Inside you’ll find a 6-speed manual, too, and a scant 34,866 miles on the odometer. Oh, and the auction is no reserve, too:

CLICK FOR DETAILS: 2003 BMW M3 Convertible on eBay

Continue reading

Pre-Production: 2001 BMW M3

I mentioned yesterday I’d look at a M3, and here it is. There were some 26,202 E46 M3 Coupes to choose from when considering the model. So, often sellers and buyers are looking for something special to help differentiate their M3. Usually that manifests itself in color, miles or mods, but today’s example is quite unusual. Official production started rolling in early in 2001, but today’s M3 is claimed produced in June of 2000, making it a pre-production example of the legendary coupe. There seems to be good documentation to back up the claims that are made, along with a very unusual-to-see set of options. So is this the one to get?

CLICK FOR DETAILS: 2001 BMW M3 on eBay

Continue reading

Caveat Emptor: “1988 BMW M3”

Update 9/13/18: After being listed as sold for $27,300 in February and then again for $35,900 on April 5, I wasn’t hugely surprised to see it back up for sale. This time bidding has started at $25,000 and the Buy It Now is listed at $50,000. Will it actually trade hands?

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?

CLICK FOR DETAILS: “1988 BMW M3” on eBay

Continue reading

1995 BMW M3

Update 9/13/18: This M3 sold for $19,201

While it was the E30 M3 that I lusted over as a young teen, I came of driving age with the introduction of the second generation E36. I still remember sitting in one just like today’s; a 1995 Avus Blue with gray manual Vaders. At nearly $40,000, it was about as far away from me as the moon landing, but it was my dream car. I didn’t really care that the engine wasn’t the special individual throttle body motor Europe got, or that the headlights weren’t as nice. I cared that it was in the U.S., it was a great color, and because they were being sold that meant that I might be able to get one some day.

Fast forward to today, and if I’m completely honest Avus Blue isn’t my favorite color from the early M3 lineup anymore. Given the option, I’d take either a Dakar Yellow or Daytona Violet example. But all three are fairly rare to see among the first 10,000-odd 3.0 M3s brought in before the light revision to the 3.2, when the color pallet changed. Few appear in the low-mileage, completely original condition of this particular Avus Blue and for me it’s a reminder of everything I loved the first time I saw it:

CLICK FOR DETAILS: 1995 BMW M3 on eBay

Continue reading

Feature Listing: 1995 BMW M3 Dinan S3-spec

It’s interesting to consider how enthusiasts today view the E36 M3. Generally speaking, you’re either a completely devoted fan who insists that the E36 is not only the best M3, but perhaps the best BMW ever made. Why stop there? Why not go straight for best car in the history of the world, ever? On the other side of the coin, detractors love to point out that the second M3 was softened up for the U.S. market, that it wasn’t as potent, as pure, as Motorsporty as the original curb-hopping, box-flared legend.

Arguably, they’re both right. It’s certainly true that BMW made the decision to tone down the M3 for North American consumption. That was a really good thing for two reasons: one, that we got it at all, and two, that it remained affordable. Consider, for a moment, that the E30 M3 had grown quite expensive to sport all of that motorsport heritage. By 1991, the base price of the M3 was $35,900. Of course, it was competing against even more expensive cars like the Porsche 944S2, which was a further $10,000 more dear. While we can talk about driving spirit all day long, if we look at the fact sheets what you got was a bit soggy in comparison to today’s cars. Inflation corrected, the M3 would be around $62,000 – pretty much spot on the entry price for today’s M3. The new car has more than double the horsepower of the original and enough tech to launch all of the Apollo program missions.

So what was really exciting when the new M3 was launched in late 1994 was that price point; $36,000. That was some $14,000 less expensive than the European model, and yet performance was within a few clicks thanks to a revised version of the 325i M50 engine. In fact, many – including notoriously BMW-savvy Car and Driver – suggested that the U.S. spec M3 was a better choice than the more exotic Euro model for our roads.

Today, the E36 M3 remains for many the smart choice within the lineup. Long overlooked as the obvious choice, prices have remained low relative to its predecessor and even its replacement. Modern comparisons often skip the E36 entirely. But that doesn’t mean you can’t get exotic performance and looks from the middle child:

CLICK FOR DETAILS: 1995 BMW M3 on eBay

Continue reading

1997 BMW M3 Sedan

Just last night, a friend informed me he had “acquired an older BMW”.

“Willingly?”, I asked. He affirmed he had contractually agreed to this life changing experience. “What model?”, I furthered.

“A Z3”.

Now, supportive friend Carter probably should have nodded in approval. After all, the Z3 is great value for the money. They’re cheap to buy, cheap to maintain, and fun to drive. But what actually came out of my mouth was laughter. Not maniacal laughter, mind you, but just the uncontrollable mocking type that you immediately feel a bit bad about. Hoping to redeem the situation a bit, I prodded “Six cylinder…?” Nope. 4. I contained further laughter at this point, but I was grasping for straws. Meekly, I ventured “…..manual….?” hoping for some affirmation. “YES!” he happily retorted, glad to finally confirm a question of mine.

It’s actually a nice car, and it’s in great shape, and he paid almost nothing for it. But from the same period, BMW had some other affordable, fun to drive and even more potent options for enthusiasts. Take, for example, the M3 Sedan. Like the Z3, it was rear drive. Like the Z3, it has a manual, and they share some achitecture. But while the Roadster has a bit of a stigma that results in enthusiasts’ dismissal, the M3/4/5 has developed into a legend in its own right. Damn the fact that it didn’t have the more exotic Euro motor, if you want a cheap and pure driver’s car while still being able to comfortably transport 4 adults, they don’t come much better than this platform:

CLICK FOR DETAILS: 1997 BMW M3 Sedan on eBay

Continue reading

1995 BMW M3 Lightweight

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.

CLICK FOR DETAILS: 1995 BMW M3 Lightweight on eBay

Continue reading

Litmus Test: 1991 BMW M3

Update 4/20/2018: After showing sold again at no reserve for $46,400, this 1991 M3 is back again on a new no reserve auction. Bidding is currently much lower, but I have a feeling that even if you’re the high mark at the end there might be shill bids involved here.

Update 3/28/2018: Although it was listed as no reserve and sold at $39,900, the 1991 M3 I looked at in February is back again on a no reserve auction. With a day to go, bids are already in excess of February’s auction. Will this one actually sell this time?

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:

CLICK FOR DETAILS: 1991 BMW M3 on eBay

Continue reading

Roll the Dice? 2004 BMW M3

So guess what caught my eye here? No surprise, if it’s a yellow M3, I’ll bite. This one grabbed my attention first because of the hue, then the price – just under $14,000 on a no reserve auction? Well, it must have a million miles rig….nope, not here. So it MUST be an SMG then, right? NO ONE wants a SMG because the moment you buy one they will murder you in your sleep and kick your dog and shut down the government (*according to actual internet comments I’ve seen). But nope, it’s a 6-speed manual.

But the more I looked at it, the more questions were raised. Why was no one bidding on this slick E46?

CLICK FOR DETAILS: 2004 BMW M3 on eBay

Continue reading