20 years later, is the BMW E46 M3 still competitive? | Track Test

David S.
By David S. Wallens
Oct 17, 2025 | BMW, FIRM, BMW M3, Florida International Rally & Motorsport Park | Posted in Features | Never miss an article

Photography by David S. Wallens

If you ever get the chance to visit the Nürburgring–and for real, make it happen–a couple bits of the local vibe hit you after you spend a few hours there.

[How to turn your Nürburgring fantasies into Nürburgring realities]

First, the area feels very much like a surf town–just like when you walk around Santa Cruz or San Clemente, you get the …

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Comments
z31maniac
z31maniac MegaDork
6/17/25 9:29 a.m.

After driving one years ago, but not on track, I've wanted one ever since. Just have never been able to make it work. Now clean ones are $$$$.

slefain
slefain UltimaDork
6/17/25 9:38 a.m.

As the owner of a high-mileage E46 that is used mostly for grocery runs, the answer is still yes.

pinchvalve (Forum Supporter)
pinchvalve (Forum Supporter) GRM+ Memberand MegaDork
6/17/25 11:40 a.m.

My Elantra N may be faster on track, but do I lust after it like the M3? No. 

For the record, I am pretty sure THIS M3 was faster on track...

theruleslawyer
theruleslawyer HalfDork
6/17/25 12:08 p.m.

I love these cars. They have just gone up in value too much at this point.

dennisb40
dennisb40 New Reader
6/17/25 2:09 p.m.

I own both these cars, I dont understand how the M3 is slower, my guess is the falkens give up signficant time. 

 

ZOO (Forum Supporter)
ZOO (Forum Supporter) GRM+ Memberand UltraDork
6/17/25 2:24 p.m.

I regret selling mine . . . and yes, I am looking for another one.

David S. Wallens
David S. Wallens Editorial Director
6/17/25 3:18 p.m.

In reply to dennisb40 :

Yeah, could have been the tires. Could have been track conditions. Could have been JG knowing I was there. 

I think we can call it a statistical tie. 

BullManUGA
BullManUGA GRM+ Memberand New Reader
6/17/25 3:20 p.m.

E46 M3 was dream but I wanted 4 doors so I set my sights on the E36. Maybe the engine will blow so I can swap an S54 in. 

Tom1200
Tom1200 UltimaDork
6/17/25 3:38 p.m.

I think I've driven one twice but I really liked them.

JG Pasterjak
JG Pasterjak Tech Editor & Production Manager
6/17/25 3:51 p.m.
David S. Wallens said:

In reply to dennisb40 :

Yeah, could have been the tires. Could have been track conditions. Could have been JG knowing I was there. 

I think we can call it a statistical tie. 

Yeah I think it's a few things. Tires for sure, and David being all there and his his car appreciating in real time made me ensure a bit of extra safety margin for sure. But I think a lot of it is that cars have just gotten really good in the last decade. The data is way more similar than it is different and that's really impressive considering one of the cars is basically a hotted up econobox and one is a legendary sport sedan.

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