The new M3 will cost £50,625, BMW announced today. That's a hefty £8k more than before and brings the new coupe closer than ever to a basic Porsche 911 Carrera which is just under £60k.
Deliveries in Europe begin in September and there is already a waiting list several months long. The new M3's price puts it a £50 whisker below the Audi RS4, another V8 super-saloon. The M3 has a 414bhp V8 and the official performance claims put the 0-62mph dash at 4.8sec.
It's not all power and speed, either; BM is keen to point out that the bigger V8 is actually 15kg lighter than the outgoing 3.2-litre straight six, while fuel economy is 8 percent better. It'll still gobble a gallon of fuel every 23 miles on average, though.