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Seriously, what the wang wrangler happened to the E30 market
I've seen plenty advertised for $3500, whether they actually sell near that number is the question. In the past year or so lurking CL, I've seen maybe one e30 that would be worth the asking price. The rest have been clearly abused and/or neglected but their owner's seem to think its a gold mine.
1987 325e - 5 speed - Mods: 3.25 LSD, Mark D Chip, Bilstein HD's, Ansa Sport
I remember back in 2001, a friend drove out to California to buy a 1989 325is with a nice ACS body kit, with about 130k miles. The car was properly maintained, needed nothing, and was in very nice condition. Not a show car, but it was obviously owned by someone that made an effort to keep it nice.
I think he paid between $4500 and 5500 for it, and that was 12 years ago.
I imagine a similar car in today's market would probably be listed at $6000-$7000. Not saying it would sell for that much, but I can imagine the starting price being there.
I feel like I avoided the drift/stance tax by buying an automatic for $1500 and 5spd swapping it.
To answer the OP, yes, the E30 (and E28 ) market has changed. The biggest change I think is the hyper-optimistic prices people are beginning to ask for their E30s (and E28s). That mentality is slowly driving the value of the E30, as buyers are very slow and reluctant to succumb to the whimsical demands of E30 sellers, but as more sellers ask for more money, ultimately more buyers will pay more money.
That said, the good ol' $500 E30 deal can still be found now and again, but it is much more difficult. I just bought an E30 for $500 a week back or so, but I am checking CL every 10-15 min all day long.
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