The E46 BMW M3 is arguably the finest interpretation of the company’s compact sports coupe, combining rear-wheel drive with a manual gearbox, a high-revving six-cylinder engine, and a lot less weight than today’s M3/M4. What the E46 M3 didn’t have was a wagon body style; it was limited to coupe and convertible derivatives, which BMW believed would be more popular. But a UK specialist called Petroyle is producing a limited series of E46 M3 Tourings that look as though they’ve come straight out of the factory in Munich—it’s the car BMW didn’t have the courage to put into showrooms itself. The first production unit is complete and instantly becomes one of the most desirable fast wagons in the world.
The M3 Touring BMW Refused To Make
BMW did actually produce an E46 M3 Touring concept, but it never went into production due to a lack of market interest. Since then, some builders have created their own E46 M3 Tourings, but Petroyle is the first known restoration specialist to take on the challenge of producing a limited series of these wagons—50 units, to be exact. The UK-based company’s hand-built creation remains faithful to the E46 M3, from the choice of wheels to the flared wheel arches.
Petroyle
The bodywork is the most challenging aspect of the project, requiring intensive engineering expertise to create the custom rear bumper, side grilles, and other M3-specific components. Most body panels for this M3 Touring are manufactured from carbon fiber, which adds strength but keeps the weight comparable to the original M3 Coupe.
The Petroyle team is offering three engine choices: the original S54 straight-six mill, or M V8 S65 and V10 S85 conversions. Even better is the fact that all come with six-speed manuals. These are three of BMW’s all-time great engines, with natural aspiration and distinctive soundtracks. But, although the V10 has the most power, the S54 mill will be most faithful to the original E46. That said, the E60 M5’s 500-horsepower V10 in the smaller M3 Touring body must be incredible, especially paired with a stick-shift.
Related: This Matching BMW M3 Touring and Porsche 911 Might Be the Perfect Two-Car Garage
Fully Customizable Exterior and Interior
Petroyle
Petroyle launched the project with an M3 Touring in iconic Laguna Seca Blue, but a variety of colors will be available. Phoenix Yellow Metallic was another signature hue for the E46 M3 Coupe, and will probably look just as sweet on this Touring model.
A variety of interior colors will be available, too, including the stunning Cinnamon leather seen on this one. Unlike the original E46, this Touring can be ordered with Apple CarPlay, but Petroyle has smartly resisted the urge to ruin the simplicity of the E46 dashboard with a big screen. The pleasingly tactile switches, knobs, and buttons from this era of BMW are all where you’d expect them to be, as are the gray-backed analog dials unique to the M3.
“Petroyle has invested heavily in the exacting recreation of the original factory prototype and will be offering a limited run of bespoke, hand‑built vehicles,” said the UK-based restorer. “For a fortunate few BMW aficionados, the long‑held dream of owning an E46 M3 Touring is finally becoming a reality.”
There’s no word on pricing, but Petroyle confirmed the M3 Tourings are available for export. They won’t be cheap, but it’s hard to put a price on one of the most desirable concepts BMW never actually put into production.
Related: BMW Turned an April Fool’s Joke Into a Real M3 Touring Race Car
What It Means
Petroyle
The modern M3/M4 is a completely different animal to the E46. Not only is it around 400 pounds heavier, but it’s also turbocharged, mostly equipped with an automatic, and offered with all-wheel drive. The purity of the E46 has been lost along the way, but Petroyle is offering fans an opportunity to enjoy one of the best BMWs that never made it into showrooms. For American fans, this Touring is particularly exclusive, as BMW doesn't sell a modern M3 Touring here.
At a time when most luxury performance cars have become unnecessarily large and heavy, often hampered by an abundance of technology, this E46 M3 Touring is easily the purest modern M car you can get your hands on in 2026.
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