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E30 M3 has a huge value bump in the last quarter according to Hagerty.

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  • E30 M3 has a huge value bump in the last quarter according to Hagerty.

    I noticed that the value change over time tool from Hagerty just updated, link:

    https://www.hagerty.com/valuationtoo...port?vbe=99319

    Showing a significant increase in values over the summer months.

    Condition D, C, B and A listed below.

    Aug 2015 $22,800 $53,700 $69,900 $105,000
    Apr 2015 $17,000 $30,300 $44,800 $67,900

    Thought I'd let the forum know.

  • #2
    Must be that recent bonham auction that has driven hagerty's valuation. Makes me feel very good about owning one. But from what I've seen on ebay- values have stayed relatively flat for the high mileage, slightly modified, missing vin panels and not so great carfax history examples.

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    • #3
      Originally posted by humarahumara View Post
      Must be that recent bonham auction that has driven hagerty's valuation. Makes me feel very good about owning one. But from what I've seen on ebay- values have stayed relatively flat for the high mileage, slightly modified, missing vin panels and not so great carfax history examples.
      What prices are they asking?
      There'll be Spandex jackets one for everyone ...

      Comment


      • #4
        The really high values are for cars that are basically perfect....clean down to every nut and bolt....undercarriage....pretty much concours condition. Cars like that are exceedingly rare and don't change hands often.

        For the vast majority of cars....that are modified or have other "issues" that collectors frown upon.....their values have held pretty steady at $30K and below. The cars with engine swaps or other major issues seldom top $15K.

        The problem for pure investors.....taking a $25K car and restoring it into a $100K car is difficult to do and still leave much room for profit....unless you can do pretty much all the work yourself.

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        • #5
          Originally posted by Ironhead View Post
          The really high values are for cars that are basically perfect....clean down to every nut and bolt....undercarriage....pretty much concours condition. Cars like that are exceedingly rare and don't change hands often.
          For the vast majority of cars....that are modified or have other "issues" that collectors frown upon.....their values have held pretty steady at $30K and below. The cars with engine swaps or other major issues seldom top $15K.
          The problem for pure investors.....taking a $25K car and restoring it into a $100K car is difficult to do and still leave much room for profit....unless you can do pretty much all the work yourself.
          EXACTLY...

          Comment


          • #6
            Originally posted by njboy View Post

            What prices are they asking?
            They seem to ask anywhere from $18k-$35k. But yes the really good low mileage ones don't show up very often.

            Comment


            • #7
              Originally posted by Ironhead View Post
              The really high values are for cars that are basically perfect....clean down to every nut and bolt....undercarriage....pretty much concours condition. Cars like that are exceedingly rare and don't change hands often.

              For the vast majority of cars....that are modified or have other "issues" that collectors frown upon.....their values have held pretty steady at $30K and below. The cars with engine swaps or other major issues seldom top $15K.

              The problem for pure investors.....taking a $25K car and restoring it into a $100K car is difficult to do and still leave much room for profit....unless you can do pretty much all the work yourself.
              I think it's safe to say that a vast majority of the E30 M3s changing hands now days are in between condition C and D. IMO that would mean 35-38K for clean higher mileage cars with no issues. maybe closer to 20 to 29k for average cars with some issues.

              If you go by this chart earlier this year clean higher mileage cars with no issues were 25 to 30K and average cars with some issues were more like 17 to 20K.

              The cleanest collector grade cars were always high, seems like they are in the hands of investors now and that has peaked interest in condition B and C cars now.

              What I find funny is the D grade cars with 200K on them being listed for concours money on Ebay. I feel like all these inflated and optimistic listings and classified adds have inflated the value estimates on average cars.

              At the end of the day, the kind of E30 M3 most of us would be more than happy to own would be 25 to 30K tops. One you can actually drive.

              Comment


              • #8
                What's interesting about the chart is the basis for the pricing. As we all know there are not many E30 M3s out there to start with, so the numbers the chart maybe based off of is from one or two cars. The problem is the sample size and public information. We can watch the auctions such as a Barrett Jackson, Mecuem, or Bonhems, but how often do our cars actually come up? Maybe more often in the future, but they are not regularly seen at the auctions.

                These are nice guidelines, but our cars are only worth what one is willing to pay for them. Obviously, that's going up significantly over the past couple of years, but the really good cars do not come up very often or do not trade hands publicly.

                It will be interesting to see where the pricing of our cars go in the future. I believe this is only the start as we are hitting the first cycle of people whom may have wanted these cars when they first came out without "family" expenses (meaning college to pay for, empty nesters, etc..). Their disposable income will drive prices up and "investors" too.

                1989 E30 M3 Cabrio - Nogaro Sliver / Black - 1 of 786
                1990 E30 M3 - Sterling Silver / Black
                1991 E30 318is - Sterling / Black (Mtech II project)

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                • #9
                  Just as with everything, people usually think a car they own is worth significantly more than the market will actually bear.

                  Many here act as if the prices of "collector" cars are predictable and will steadily increase....and it just isn't true. If anyone doubts this, chart the pricing that collector Ferraris have followed over the past 30 years. Many collectors thought they were making sure investments and lost millions. Yes....Ferrari prices are climbing again currently....but does that mean there won't be another crash? Hell no.

                  I think its great if the E30M3 holds its value or becomes more valuable, although that is not my personal interest and I do not believe they will ever be priced out of reach of those who want to treat them as a car and actually drive them. Far too many were made for that to happen IMHO.

                  My point in my earlier post was that, yes....the A+ cars are indeed fairly valuable. But not so valuable that it makes sense to try to convert a D car into an A+ car.

                  In the high dollar world of "real" collector car trading, a $100K car is almost pocket change. And a $100k car that is actually used will not remain a $100K car.
                  Last edited by Ironhead; 09-03-2015, 12:13 PM.

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                  • #10
                    as always, time will tell! The M3 has some desirable traits for collectors, relatively low numbers, high performance, for its time, some great press over the years, an acomplished race car. And now your seeing kind of a growing cult status. and you have to ask yourself what cars in the eighties will become collectable?

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                    • #11
                      What I find pretty surprising is the continuing low market value of the E28M5.

                      Rarer than the E30M3, and in some ways more iconic (except for race history) they are amazing cars that continue to sell for mere peanuts. Having said that, I have been tempted to buy one but have never pulled the trigger. Trying to maintain an E28M5 to be a reliable street car would be an expensive chore, and there is no question the E30M3 is a better track car.

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                      • #12
                        The NAm e28M5's will always trail the rest of the other 80's M cars due to the decreased power and bumpers. The 850 series, however, have been slowly picking up in value. The rare 6spd ones are heading $80k.

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                        • #13
                          Originally posted by SlideM3 View Post
                          The NAm e28M5's will always trail the rest of the other 80's M cars due to the decreased power and bumpers. The 850 series, however, have been slowly picking up in value. The rare 6spd ones are heading $80k.
                          I have a 535is that is chipped and has a full Supersprint exhaust system. This car not only sounds beastly but it does 140 with ease on an open road. The car actually feels faster than 2 M5's that I have driven. If I could find another one as clean and sorted....I'd buy it tomorrow. Don't discount the performance on the 535is.

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                          • #14
                            I think the D level cars are not selling for over $20K.
                            I would think a high mileage car with rust and title issues is around $10-$13. A driver at D level is probably $15-17k. The only ones seeing a value increase are well sorted, no rust non modified and of course the low mileage bubble cars.
                            There'll be Spandex jackets one for everyone ...

                            Comment


                            • Todd black 88
                              Todd black 88 commented
                              Editing a comment
                              When was the last time you saw a car for $10-$13k? The car is worth more than that in parts now.
                              High mileage motors in need of a rebuild have been listed above $7k.

                          • #15
                            Originally posted by ///Mflossin View Post

                            I have a 535is that is chipped and has a full Supersprint exhaust system. This car not only sounds beastly but it does 140 with ease on an open road. The car actually feels faster than 2 M5's that I have driven. If I could find another one as clean and sorted....I'd buy it tomorrow. Don't discount the performance on the 535is.
                            I was talking about the VALUE of original M cars from the factory. Any one can chip or modify a regular 5 and 3 series to make it faster. It's been done hundreds if not thousands of times.

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