Prime Quality E30: 65k-Mile 1989 BMW M3 Coupe

  • March 11, 2021
The Rundown
  • Unqualified Motorsports-Inspired Legend
  • Comprehensively Designed & Built to Perform
  • 65k Seller-Stated Miles of Use
  • 192hp 2.3L Inline 4-Cylinder Engine
  • 5-Speed Manual Gearbox
  • High-Quality, Professionally Maintained Example
Why We Like It

The E30-genration M3 is the most famous iconic of all modern BMW models. Aggressively styled with purpose and looking ready to fight even at rest, the M3 was built specifically for racing homologation by BMW’s legendary M GmbH Motorsport division. First shown at Frankfurt Motor Show in 1985 and produced from March 1986 to June 1991, the original M3 production run satisfied the requirements of both DTM (German Touring Car Championship) and FIA Group A Touring Championship series. While the regular E30 3-Series was already a highly competent road car, the M3 is a comparative demon with improved suspension, boxed flared fenders, wider wheels and tires, tweaked front and rear aerodynamics, and an uprated 4-cylinder engine in four tune levels (192hp, 197hp, 212hp, and 235hp), depending on the destination market and production requirements for racing.

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prime-quality-e30-65k-mile-1989-bmw-m3-coupe00000 lp6cuL8Q9g7z 0CI0pQ 1200x900While not huge, production was considerable due to rabid enthusiast demand, with 17,184 coupes and 786 convertibles built in all. North America was not excluded from the fun, with nearly one-third (5,300) of production built to ‘AK03’ US specification including the 192hp engine, and shipments commenced for model year 1988. Finished in Alpine White over Black leather, this 1989 BMW E30 M3 Coupe is reluctantly offered by the current owner, who has new priorities. Powered by a rebuilt 2.3L S14 inline-four paired with a five-speed manual transmission, this M3 was acquired during May 2017 by the current owner, who has since then added only an approximate 3k of its 65k indicated miles. A powertrain rebuild was performed with $20k in receipts and the 2nd and 3rd gear synchros have been replaced. Riding on OEM ‘Euro’ basketweave 16-inch wheels, the M3 includes two keys.

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Valuation Verdict

Very well presented and professionally maintained by BMW ‘M’ specialists, this 1989 M3 is the OG of the modern classic BMW world. Market values are predictably robust, with Hagerty’s Price Guide ranging from $33,500 for a #4 driver with issues, to $56k for a good #3 car, $92k for an excellent #2 M3, and $139k for a #1 concours-ready example. Bring a Trailer’s online auction sales for the past several years confirm Hagerty’s numbers, with a channel from about $30k-$65k, with a few outliers around $80k-$100k for lower-mileage cars. This M3 seems to be a high-quality, collector-grade example of these unqualified racing legends and appears to be Fair Market to us.

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