Rightly so, I’ve been accused of comparing everything to BMWs – so for today’s 10K Friday, I thought why not compare BMWs to BMWs? Part of the reason I compare various cars I write up to the alternative BMW products is because for some time they have been considered the benchmark, and their popularity from new to the used classic market means that they set the pricing trends against which others can be judged. That’s especially true of the 3 series; for some time, the go-to performance product from Germany, increasingly many earlier generations of the 3 are being viewed as not only collectable, but indeed as investments. So, what does your $10,000 budget buy these days? I’ve rounded up five examples from the first five generations, covering nearly every configuration the small executive platform has been available in. Which is the winner?
Tag: Motorsport GmbH
In an effort to capitalize on the market, we’ve seen increasing numbers of E30 M3s come to market – and the most highly sought models are the specials like this 1988 Evolution II model. We saw this car come to market in March with a $100,000 Buy It Now price. Some details were wrong and it failed to sell. It’s back 6 months later, and at least one detail – the exhaust – has been reverted to a more stock looking system; a nod to the greater demand (and value) of originality. But fitting that exhaust, along with a few other minor changes, will cost you $5,000 apparently as the Buy It Now has been increased to $105,000 now. We’ve yet to see a really clean E30 M3 break into the 6-digit price range, but they’ve been close. Is this the one?
CLICK FOR DETAILS: 1988 BMW M3 Evolution II on eBay
The below post originally appeared on our site March 22, 2015:
2 Comments
Typically, there’s no reason to list a car as Canadian as its more of an importation detail than a real differentiating factor for the model. Perhaps the most notable exception is the legendary E28 M5, with a known history of BMW rushing to churn out 1340 examples for North America and standardizing them with most of the options list and exclusively black paint and (mostly) tan “Natur” leather interiors. 101 examples were sent over with full black interiors – 30 of the US allocation and all 71 M5s for the Canadian market. This creates something akin to a small herd of albino unicorns, and every once in a while they pop up and reignite the forum discussions as to whether a black interior inherently creates more value. The jury is still out on that last point, though I’d suspect that the rising tide for E28 M5s will help them gain some steam purely based on their rarity.
This M5 is one of the 71 Canadian black-on-blacks and is the nicest example I’ve seen. 124k miles and excellent condition make it a high-dollar M5 to start, right in line with the other $30k+ sales we’ve seen.
Click for details: 1988 BMW M5 on eBay
3 CommentsLast week, I pitted a wickedly turned up 944 Turbo against a much more tame E30 M3. My feeling was that the M3 was overpriced in comparison to the 944 Turbo – especially when you considered the performance envelope the 944 was capable of. That particular example was churning out in excess of twice what the M3 was producing from the legendary S14 – not exactly an apples to apples competition in anything but pricing. To equal the playing field a bit, this week I have two different racing M3s – the first and last of the two door variety. How does a very tuned E30 compare in value to a E92?
CLICK FOR DETAILS: 1988 BMW M3 on eBay
1 CommentIf you were to believe the history of Motorsports as told by some E30 enthusiasts, nothing would have existed before the M3 and nothing can compare since. Sure, the M3 was an impressive car and had a long and illustrious career, and in terms of a single type of racing it won more than any other single model has. But was it more dominant than the Porsche 956/962, for example? 8 overall wins at Le Mans is certainly quite impressive in a life that spanned over a decade. Or how about the all-conquering Lancia Delta, which won the WRC Championship for 6 years straight? Or Ferrari’s successive and evolutionary F2002, F2003GA, and F2004 – one of the most dominant streaks in Formula 1 history – the F2004 won 15 out of 18 races and nearly all of the track records it set that year still stand over a decade later. While I’d agree that it doesn’t diminish from the achievement of the E30, I’d argue that it’s not the most impressive achievement in Motorsports history. Still, that winning heritage paid dividends for BMW in the sales and reputation department, and the E30 M3 has become a rocketship still heading towards its apogee. $90,000 for an E30 used to sound laughable, but suddenly it’s the market reality for the limited and low mileage examples. Even track-dog M3s are experiencing a resurgence in value; which raises the question – would you rather have the legend of the M3 or something of racing pedigree from the same generation but with a much higher performance envelope?