Convertible (1994 to 1999)

Introduced in the mid-1990s, the BMW M3 E36 Convertible brought M3 performance to an open-top format for the first time, pairing the E36’s more refined chassis with genuine M power and everyday usability. Offered exclusively with a power soft-top, the E36 M3 Convertible was available with manual or automatic transmissions and powered initially by a 3.0-litre inline-six, later upgraded to a 3.2-litre engine in line with the wider E36 M3 range, delivering smooth, naturally aspirated performance rather than outright track focus. While heavier and less rigid than the coupe or sedan, the convertible appealed to buyers seeking grand-touring comfort with M pedigree. Estimated production sits at approximately 12,000–13,000 units worldwide, making it the lowest-volume regular E36 M3 body style. In the Australian market, the E36 M3 Convertible was officially sold in limited numbers and remains relatively rare today, with values influenced by manual transmission preference, originality, mileage, and condition, as well-kept examples become increasingly difficult to find from BMW M’s naturally aspirated