In Reply to: How much is your M3 worth? posted by Kevin369 on June 06, 2001 at 02:26:35:
Now lets examine the E30 M3. For starters, it is an enthusiasts car, not a general market car. Second, it is rare (perhaps 4000 still on the road in US). With this in mind the typical used E30 M3 will not change hands at a dealer or at the auto auctions. The only E30 M3s that end up going to the dealer or auctions are the ones that are ratty and in poor condition. Because of this these M3s will achieve a low selling price. Thus....
...Kelly Blue book looks at their data and concludes that all M3s are worth that insultingly low value. The key to remember is that Kelly and other auto pricing guides are just that 'Guides' and not gospel. There are many factors affecting the value of an auto. Market conditions, Regional demand, Rarity of the auto, auto's condition, and the motivation of the buyer or seller.
The E30 M3 is a cult car for us enthusiasts. We know its real value and we buy and sell it in publications that are geared toward the enthusiast such as bimmer.org, roundel, and other specific listings that are not captured in the status quoe average among the Kelly Blue book data.
Hope that helps. For insurance claims, use the last few issues of the Roundel to demonstrate value to your adjuster.