The 15 Best BMWs Of All Time
Introduced to American drivers in 1955, the BMW 507 was a roadster based on the company’s previous 501 and 503 models (via MotorTrend). The car made its debut at the Waldorf-Astoria hotel in New York City and even before it landed in the U.S., it already carried a massive reputation of being the “most beautiful car in the world.” Munich’s dream car was developed with the aim to compete against the highly regarded Mercedes-Benz 300SL. The frontman behind the 507 was Max Hoffman, a New York-based luxury car dealer who influenced the development of a European sports car especially tailored for American buyers.
The 507 was packed with a 3.2-liter, V8 engine that produced 150 horsepower. It had a top speed of 122 miles per hour (mph) and could accelerate from 0 to 60 mph in 11.1 seconds. This was a perfect car in every sense. It was built and assembled by the best technicians in Bavaria and was loaded with best-in-class materials. Due to this, the cost of production of each unit came close to a whopping $10,000, almost double its projected cost price.
BMW incurred a loss on each unit it produced and in 1960, the model was pulled out of the brand’s lineup, MotorTrend notes. Although the car couldn’t survive in the market, it now collects above $1 million from buyers. Fun fact: a 1957 BMW 507 sold for $5,040,500, making it the most expensive BMW ever sold.
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February 13, 2022 at 02:38PM