Tom Fraser

Rare BMW E46 M3 GTR Racing Car for Sale in Melbourne

The extremely rare BMW E46 M3 GTR – one of only two cars – is famous for its appearance in the game name.

An extremely rare BMW E46 M3 GTR race car was offered for sale in Melbourne, Australia.

Designed to compete in the American LeMans Series against the likes of the Porsche 911, many will recognize the name and vehicle from game name video game.

This vehicle, chassis number 005, is sold by Garage Youth Timers At the price listed as “on application”. It’s a race-worn vehicle, having competed in the 24 Hours of Daytona, Bathurst 24 Hours, and more. It was sold to its current owner in 2004 where it remains part of a group.

Although the E46 M3 GTR is rare, this car is only one of two examples fitted with a naturally aspirated V8. All but one of the other examples were converted to run with a copy of the BMW M3 inline six-cylinder engine.

It’s finished with a flawless clean white by care or race livery and the engine is currently connected to a six-speed manual transmission.

The idea behind the E46 M3 GTR was developed between BMW North America and the US Prototype Technology Group to put an end to Porsche’s dominance of the ALMS Championship. Five race cars were produced by PTG for competition, although the first three were development prototypes equipped with a 3.4-liter version of the BMW S54 inline six engine.

In addition to these race-bred cars, Porsche reportedly complained that BMW had to produce 10 road-going cars to legalize entry into the series. Ten examples of Titan Silver for the M3 GTR Strassenversion (street edition) were released to the public for €250,000 in 2002 (about AU$53,34392 in 2021).

This is the car that will appear in 2005 game name As the title car, and would become closely associated with the game, such was its popularity at the time.

Meanwhile, the race car ended up winning seven out of 10 races in 2001 and the cars finished first and third in the championship. Perhaps due to Porsche’s complaints about homologation cars, the rules were changed in 2002 requiring at least 100 homologation cars. This made BMW untenable handouts competition due to cost, with the M3 GTR program then pivoting to focus on European racing.

Few examples of the E46 M3 GTR – road or race car – appear in the wild today. Even less come on sale. Be quick if you have the means.

Tom got his start in the auto industry by tapping into his photography skills but soon learned that journalists got a better end of the deal. He started with CarAdvice in 2014, left in 2017 to join Bauer Media titles including Wheels and whichCar and then returned to CarAdvice in early 2021 while moving to Drive. As part of the Drive content team, Tom covers auto news, car reviews, and advice, with a particular interest in long-form stories. He understands that every car buyer is unique and has different requirements when it comes to buying a new car, but there is also a loyal subset of the Drive audience that loves entertainment content for enthusiasts. Tom has a deep respect for all things cars regardless of model, and takes pride in noticing the exact things that make every car tick. Not a day goes by that he doesn’t learn something new in an ever-changing industry, which is then moved to the drive’s reader base.

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