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Tag: S38

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1995 BMW M5 3.8 6-Speed

Every once in a while, something sneaks under the radar and offers a great opportunity to grab a quality classic for a relative bargain. Perhaps posting this blows up that chance somewhat, but odds are with only a few days left, Sars-CoV-2, and the recent stock market crash, you’re not in a position to drop everything and buy an extra car on a whim – but hey, who knows? And this one is a doozy.

What we have here is a rather inconspicuous 1995 M5. That means it’s a Euro car automatically, and yep, it’s a 3.8 liter S38 coupled to a six-speed manual. And, just like the last one, it’s my favorite Daytona Violet! But this one is a sedan and it doesn’t look like the best example out there, so what’s the draw? It’s a no reserve auction.

CLICK FOR DETAILS: 1995 BMW M5 on eBay

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1988 BMW M6

Though they’re the juggernaut of BMW performance today, the reality is that there were quite a few stumbling blocks and it took many years for BMW Motorsport GmbH to establish themselves as the benchmark for German performance. Though many consider the M1 the genesis of BMW M, in fact the brand was born nearly a decade earlier with the introduction of the 3.0 CSL. The high performance E9 was built together with BMW’s competition department, a relationship which ultimately resulted in the birth of BMW’s Motorsport division. A few years later, the new entity would give birth to an equally legendary creation, the 2002 Turbo. But when it came to the first car to carry the “M” badge, it was of course the legendary M1 with its motorsport derived M88/1 double overhead cam inline six screaming in the middle of the car. You’d think this recipe carried over to the sedan range, but that was not immediately the case. First, BMW produced the M535i in the E12 chassis. Though the E28 model of the same designation was mostly an appearance package, the E12 model was turned up over the rest of the range – but not with the M88; BMW instead relied on the M30 to power the M535i. Then, there was a year where nothing happened; the M1 was out of production, the E12 was replaced by the E28, and ostensibly BMW had no real performance models.

That was remedied at the 1983 Frankfurt Motor Show, where a juiced up version of the 635CSi was offered. It was labeled the M635CSi; but unlike the M535i, under the hood wasn’t the venerable M30 that powered the normal 635CSi. In its place, the Motorsport division decided to slot the M88, now with /3 designation; the result was 286 horsepower – a staggering figure at the time, considering that the contemporary Porsche 930 was considered fairly bonkers with a little over 300 horsepower and though it looked much larger, the early E24s only weighed about 200 lbs. more than the Porsche. Coupled with some aerodynamic tweaks, heavier duty suspension, brakes and larger wheels and tires, the result was the menacing presence worthy of the nickname “Shark”. For all intents and purposes, this was really the first “M” car for the masses. BMW brought its M lineup to the United States for 1987 with the renamed M6, and that model was lightly revised for ’88. Power was down to 256 with the catalyst-equipped S38, but ’88s picked up some visual appeal with revised headlights and slimmed corners, as well as body-color painted bumpers that make the ’88s and ’89s look a lot more polished than the ’87s.

CLICK FOR DETAILS: 1988 BMW M6 on eBay

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1992 BMW M5 Touring

BMW’s second generation M5 followed the same recipe as the outgoing E28; manual transmission, rear-drive, howling inline-6 under the hood. But the E34 was far from a copy of the car that was really credited with being the first super sedan. BMW upped with power first with the 3.6 liter version of the S38; though the increase in displacement was a scant 82 ccs, the result was impressive. BMW Motorsport GmbH fit a new cam, a higher compression head, and a new engine management system to yield 311 horsepower at a rev-busting 6,900 rpms. They weren’t done.

In 1992 M upped the capacity again, this time to just 5 cc shy of 3.8 liters. Even higher compression, a further revision in electronic management, and a few other odds and ends now netted 340 horsepower and 300 lb.ft of torque. Again, they weren’t done. Perhaps tired of Audi cornering the go-fast-5-door market with their 200 20V Avant, in 1992 BMW launched the M5 Touring. Production began in March 1992 and ran through 1995. All E34 M5 Tourings were left-hand drive 3.8 models, and a total of 891 were produced.

BMW opted not to bring the enlarged motor or the M Touring model to the United States, as the 540i took over the top rungs of North American production. But now legal for importation, these rare Ms have been trickling in:

CLICK FOR DETAILS: 1992 BMW M5 Touring on eBay

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1991 BMW M5 with 31,300 Miles

For years we’ve banged on about the E34 M5, a conundrum of the M lineup. It’s got all the right DNA to be a classic, yet like the similar 944 Turbo has generally languished in value compared to similar products. That may sound like a broken record on these pages, but it’s a tune which is both catchy and sweet-sounding for BMW fans because it means they’re getting more car for their money. They’ve got plenty of the right ingredients – the last of the individual throttle body S38 motors producing 315 horsepower, Motorsport details throughout, a great subtle look which still is commanding of respect, supreme road manners and limited numbers – only 1,678 were imported. It’s the right recipe for a future classic. This chassis is still generally overlooked compared to the E28 and E39 models, but those that have spent some time behind the wheel of these well engineered, hand-built Q-Ships proclaim they’re one of the best BMW products made. Recent market activity in since 2016 has started to remix the tune, though, and E34s have been on the rise. Hagerty currently places top value on 1991 M5s at over $70,000 – steep sounding given what many traded for over the last few years, but perhaps more in line with their legendary build quality and performance especially when considering their siblings. So let’s see what a top value M5 looks like today:

CLICK FOR DETAILS: 1991 BMW M5 on eBay

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1988 BMW M5

The M5 might not have been the original super sedan. It wasn’t even the first hot 5-series. But just like the GTI is synonymous with the hot-hatch segment, the M5 became the standard by which all other super-sedans were judged the moment it rolled onto the scene in 1985. Power seemed other-worldly; 280 plus horsepower from the race-derived M88/3 hunkered down with beefy suspension upgrades and huge (for the time) alloy wheels linked with a limited-slip differential. At a time when “fast” cars had 180 horsepower, BMW’s first M-offering in the sedan range might as well have been a space ship.

BMW promised limited production for the U.S. market, too – and, indeed, only 1,239 were produced for the U.S. with the slightly de-tuned S38. Unfortunately, that was 700 more than BMW had promised to make, and that led to a lawsuit. It also wasn’t very long before the M5’s power reign was eclipsed; first by its replacement E34 model, then by the whole range of new V8 models emerging on the market, from the 1992 Audi V8 quattro to the 500E. Values quickly fell as these old-looking (even when new) boxy rockets fell out of favor, and they remained there for quite some time.

But recently there’s grown a much greater appreciation for all things 80s M, and though the E30 has grabbed the headlines as the market star, outside of the M1 it is the E28 M5 that was brought here in fewest numbers. Even fewer have survived, and finding clean, lower mile examples can be tough. This one appears to tick the right boxes:

CLICK FOR DETAILS: 1988 BMW M5 on eBay

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