Yahoo >>>M3 and 1M <<< Future Classics

checkmate · 10-17-2013, 09:08 AM

Here's this morning's article on Yahoo which highlights why they are classics:

http://autos.yahoo.com/news/6-future...150626109.html

rjd598 · 10-17-2013, 09:22 AM

I don't get why the fisker karma is on there lol

Ghetto2315 · 10-17-2013, 09:53 AM

$70K for a used 1M. Yikes...

aus · 10-17-2013, 10:22 AM

Quote:

Originally Posted by rjd598

I don't get why the fisker karma is on there lol

Very cheap right now and VERY few cars out there. The car has presence when you see it.

.

Boostin FD · 10-17-2013, 10:28 AM

Worthless article... There are too many e92 M3's to be a classic. Wish list it sounds like to me.

Edward · 10-17-2013, 11:01 AM

Did you guys read the comments? It reads like a bunch of hicks who are angry at anything that's not a 68 camaro ss or a 54 corvette.

From what I see out there on classic car auctions, the cars that fetch hefty premiums laregly go for two reasons.

In the domestic markets, the baby boomers and pre baby boomers who are wealthy now, love to get their hands on that dream car that got away when they were younger. American cars were THE THING back in past decades and those cars held a spot in the heart of auto enthusiasts and still do. There are a lot of guys who have a love today for those same beautiful/powerful for their time cars out there.

The other reason I notice is simply a racing pedigree. Any car that successfully handed the competition its ass fetches a lot of money. A couple obviousl examples being the 250 GTO and the Ford GT40 (which for three years straight owned Ferrari after being built specifically to beat Ferrari). Same with older Alfa Romeos and other european sports cars. No one gives a shit about non race winning cars. Maybe a car that was so far ahead of its time will command high prices also. Such as MclLaren F1's, Ferrari F40s etc. These cars crushed everything that competed with them during the day. As did the 959 Porsche which is simply not homologated for US road use. We already know the Enzo won't be loved much more than that albatross of an exotic we know as the F50 (FAIL).

A limited production run or a once loved but phased out technology won't ensure future demand. It's nice to think that our nice NA V8s will command a premium in the future, but WTF. It may be 30 years before anyone cares to own an E92 garage queen M3. Only the E30 M3 holds reasonable value and it's not even much better than infaltion adjusted today at best. The only modern ish M3 I see holding any value far into the future is the M3 CSL. And even at that, the crap SMG will hurt its desirability.

LOVEM · 10-17-2013, 06:50 PM

Mine two Future Classics.

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mdosu · 10-17-2013, 08:03 PM

Quote:

Originally Posted by rjd598

I don't get why the fisker karma is on there lol

b/c with all classics, in the future, there shouldn't be a single shop in town who knows how to work on it...

rjd598 · 10-17-2013, 11:16 PM

Quote:

Originally Posted by mdosu

b/c with all classics, in the future, there shouldn't be a single shop in town who knows how to work on it...

Hahah wow that was going to be my exact response to the person who replied to me but I was like why start a war

Lorde · 10-18-2013, 07:23 AM

Quote:

Originally Posted by Ghetto2315

$70K for a used 1M. Yikes...

"YOU WILL PAY THAT MUCH AND LOVE EVERY MINUTE OF IT."

-God

LucWerkz · 10-18-2013, 09:48 AM

Quote:

Originally Posted by mdosu

b/c with all classics, in the future, there shouldn't be a single shop in town who knows how to work on it...

Should this our next project? Only 34k and never caught fire!

auggiem3 · 10-18-2013, 11:02 AM

Awesome article - now I can finally justify keeping my e92 M3 while I continue to acquire other cars...

swartzentruber · 10-18-2013, 11:11 AM

Quote:

Originally Posted by Ghetto2315

$70K for a used 1M. Yikes...

Yeah, I honestly can't believe what people will pay for a parts bin car (albiet a very good parts bin car). Also, the figure right now is likely far closer to 60 than 70, though still.

W/// · 10-18-2013, 12:28 PM

Quote:

Originally Posted by swartzentruber

Yeah, I honestly can't believe what people will pay for a parts bin car (albiet a very good parts bin car). Also, the figure right now is likely far closer to 60 than 70, though still.

Supply and demand. There just aren't many of them out there. I'm sure the price will go down when the M2 is released though. But I do agree the 1M will be a classic like an E30 M3 IMO

gatorfast · 10-18-2013, 12:39 PM

Not sure where they are getting the $70k 1M figure from. There are one or two on ebay for around $50k.

swartzentruber · 10-18-2013, 12:44 PM

Quote:

Originally Posted by W///

Supply and demand. There just aren't many of them out there. I'm sure the price will go down when the M2 is released though. But I do agree the 1M will be a classic like an E30 M3 IMO

No, I don't think it will be a future classic. It doesn't really have the makings of one -- it has absolutely no racing heritage, unlike the E30 M3, it was a parts bin "afterthought" by BMW, and generally turbo engines aren't the hallmark of what you want in a classic, particularly not a BMW classic. The only things it has going for it is scarcity and was generally considered to be a good car, albiet generally inferior to the E92 M3 where many of the parts were scavenged from. Personally I think it's a market bubble from people speculating that it will be a future classic, rather than supported by fundamentals, but I guess we will see.

The original R32 went through something similar, though not nearly to the same degree, where 2-3 years after it was introduced, used examples were fetching at least as much if not more than it sold for new, but at 5+ years it started dropping like anything else once people started moving on to other cars. A nice unmodded low mileage example (mine certainly wouldn't qualify) still fetches a pretty good percentage of the original asking, so the 1M might follow that model, but I think anyone that pays 60k + for a 1M right now is going to be very sorry.

swartzentruber · 10-18-2013, 12:49 PM

Quote:

Originally Posted by gatorfast

Not sure where they are getting the $70k 1M figure from. There are one or two on ebay for around $50k.

I didn't see any nationwide on autotrader for 70k, but plenty for 60k and higher, with a few close to 70k. There were a few not that much more than 50k. I'm a little surprised at the range in value, since they are essentially identical cars other than color, and if you have 50k+ to spend on a used car, I'd think you'd have the money to travel a little to get the best mileage/price example you can find. Not trying to talk the market down -- I have no dislike for the 1M, just a little puzzled at what people are willing to pay right now.

mdosu · 10-18-2013, 03:19 PM

Quote:

Originally Posted by Red_Baron

Should this our next project? Only 34k and never caught fire!

i wouldn't touch it with a stick...

mdosu · 10-18-2013, 03:22 PM

Quote:

Originally Posted by Ghetto2315

$70K for a used 1M. Yikes...

I agree. While I love the 1M as well...paying $70k for that car today is insane

Taking a page from Price is Right:

MWM3 · 10-18-2013, 04:20 PM

that's pretty awesome...makes me a proud E92 owner

10-17-2013, 09:08 AM	#1
checkmate Major 119 Rep 1,497 Posts Drives: AW M3 E90 Join Date: Apr 2010 Location: Bel Air, MD iTrader: (2)	Yahoo >>>M3 and 1M <<< Future Classics Here's this morning's article on Yahoo which highlights why they are classics: http://autos.yahoo.com/news/6-future...150626109.html Last edited by checkmate; 10-17-2013 at 09:52 AM..
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10-17-2013, 09:22 AM	#2
rjd598 Banned 1770 Rep 6,696 Posts Drives: F30 340i Join Date: Jan 2009 Location: San Diego,CA iTrader: (2) Garage List 2016 BMW 340i [0.00]	I don't get why the fisker karma is on there lol
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10-17-2013, 09:53 AM	#3
Ghetto2315 Colonel 831 Rep 2,352 Posts Drives: 16' BMW i8 Join Date: Feb 2012 Location: The REAL Jersey Shore iTrader: (1) Garage List 2001 BMW M3 E46 CON ... [9.50] 2016 BMW i8 [10.00] 2003 JEEP GRAND CHE ... [0.00] 2000 540i SPORT E39 [10.00] 2007 TOYOTA TACOMA ... [0.00]	$70K for a used 1M. Yikes...
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10-17-2013, 10:28 AM	#5
Boostin FD Bored all the time 382 Rep 2,173 Posts Drives: Batmobile Join Date: Jan 2010 Location: Kirkwood iTrader: (2)	Worthless article... There are too many e92 M3's to be a classic. Wish list it sounds like to me. __________________ Current: 2014 991 Turbo RS Past: 15 GT3, 17 R8 SC, Two 16 M4 GTS’s, Two 18 GT350R's, Two 13 RS5’s, 13 M3, 10 R8, 15 M4, 09 M3, 04 M3, 09 S5, 02 M3... It all started with an RX-7 (FD).
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10-17-2013, 11:01 AM	#6
Edward Colonel 377 Rep 2,982 Posts Drives: 2013.9999 E92 Jerez ZCP Join Date: May 2010 Location: Los Angeles iTrader: (2)	Did you guys read the comments? It reads like a bunch of hicks who are angry at anything that's not a 68 camaro ss or a 54 corvette. From what I see out there on classic car auctions, the cars that fetch hefty premiums laregly go for two reasons. In the domestic markets, the baby boomers and pre baby boomers who are wealthy now, love to get their hands on that dream car that got away when they were younger. American cars were THE THING back in past decades and those cars held a spot in the heart of auto enthusiasts and still do. There are a lot of guys who have a love today for those same beautiful/powerful for their time cars out there. The other reason I notice is simply a racing pedigree. Any car that successfully handed the competition its ass fetches a lot of money. A couple obviousl examples being the 250 GTO and the Ford GT40 (which for three years straight owned Ferrari after being built specifically to beat Ferrari). Same with older Alfa Romeos and other european sports cars. No one gives a shit about non race winning cars. Maybe a car that was so far ahead of its time will command high prices also. Such as MclLaren F1's, Ferrari F40s etc. These cars crushed everything that competed with them during the day. As did the 959 Porsche which is simply not homologated for US road use. We already know the Enzo won't be loved much more than that albatross of an exotic we know as the F50 (FAIL). A limited production run or a once loved but phased out technology won't ensure future demand. It's nice to think that our nice NA V8s will command a premium in the future, but WTF. It may be 30 years before anyone cares to own an E92 garage queen M3. Only the E30 M3 holds reasonable value and it's not even much better than infaltion adjusted today at best. The only modern ish M3 I see holding any value far into the future is the M3 CSL. And even at that, the crap SMG will hurt its desirability.
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10-17-2013, 06:50 PM	#7
LOVEM Major 89 Rep 1,085 Posts Drives: 2011 1m VO Join Date: Jul 2011 Location: Texas iTrader: (0)	Mine two Future Classics.
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10-18-2013, 11:02 AM	#12
auggiem3 Captain 295 Rep 939 Posts Drives: F87 M2C & E92 M3 Join Date: Jan 2009 Location: Washington, DC iTrader: (1)	Awesome article - now I can finally justify keeping my e92 M3 while I continue to acquire other cars...
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10-18-2013, 12:39 PM	#15
gatorfast Major General 4995 Rep 6,862 Posts Drives: 718 Cayman Join Date: Jan 2008 Location: SoFla iTrader: (4)	Not sure where they are getting the $70k 1M figure from. There are one or two on ebay for around $50k.
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10-18-2013, 04:20 PM	#20
MWM3 Banned 41 Rep 206 Posts Drives: 2012 E92 M3 Join Date: Jun 2009 Location: SoCal iTrader: (0)	that's pretty awesome...makes me a proud E92 owner
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