The BMW M Coupe was first introduced in 1999 fitted with the S52 engine. Only 2,180 of these coupes were built for the North American market between 1999 and 2000. In 2001, the S54 engine, with 315hp - 75hp boost over the S52 - was added. This increase in power transformed the 3,100lb. car from a quirky shooting brake to true "M" status. With near perfect weight distribution, extremely rigid chassis (especially if ordered without the sunroof), and the ability to propel itself from 0-60 in 4.3 seconds to a top speed in excess of 180mph - faster than a Shelby Cobra - the 2001-2002 M Coupe is an incredible performer. Things to watch for are the rear strut braces and rod bearing failure/wear.
Only 690 North American market cars were built over two years making them extremely rare beasts. Market prices have risen in the past two years from an average of $27k in 2010 to $35k today. Further, the number of these cars trading hands has decreased sharply in the last year which is another possible indicator of model appreciation. With those who lusted after these cars when 18 now in their 30s, these cars will soon rise further in price. The 2001-2002 M Coupe is definitely a car that ought to be bought.
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