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BMW E28 M5 value
What a 1985–1988 BMW M5 (E28) sells for, from 91 recorded auction sales on Bring a Trailer and Cars & Bids. Updated October 27, 2026.
E28 M5 value by mileage
The median sale price in each 25,000-mile band, over the last 24 months. A band is shown where at least two cars sold in it.
| Mileage | Median sale price | Sales | |
|---|---|---|---|
| 50,000 to 75,000 miles | $64,500 | 4 | see the sales |
| 75,000 to 100,000 miles | $76,000 | 3 | see the sales |
| 100,000 to 125,000 miles | $40,375 | 2 | see the sales |
| 125,000 to 150,000 miles | $56,750 | 2 | see the sales |
| 150,000 to 175,000 miles | $35,000 | 5 | see the sales |
E28 M5 prices over time
Every E28 M5 sale on record, Apr 2015 to Oct 2026. One dot per sale, at any mileage.
Over the last 12 months the median sale was $46,250 across 8 sales, against $49,750 across 14 sales in the 12 months before: a change of -7.0%.
| Year sold | Median sale price | Sales |
|---|---|---|
| 2025 | $50,500 | 17 |
| 2024 | $32,500 | 9 |
| 2023 | $27,750 | 7 |
| 2022 | $46,500 | 13 |
| 2021 | $45,625 | 6 |
| 2020 | $35,000 | 7 |
| 2019 | $29,125 | 8 |
| 2018 | $25,778 | 12 |
| 2017 | $32,164 | 6 |
What color is worth on the E28 M5
Too few E28 M5 sales share a color to measure what each is worth. The colors sold most often:
| Color | Sales |
|---|---|
| Black | 75 |
| Montreal, Quebec, Canada | 1 |
The E28 M5 gearbox
Every E28 M5 sale on record that states its gearbox is a manual, so there is no gearbox premium to measure.
Recent E28 M5 sales
| Sold | Year | Mileage | Price | Color | Gearbox | Body | Listing |
|---|---|---|---|---|---|---|---|
| Oct 2026 | 1988 | 55,000 | $42,000 | Black | — | Sedan | Bring a Trailer |
| Sep 2026 | 1988 | — | $30,250 | Black | Manual | Sedan | Cars & Bids |
| Aug 2026 | 1988 | 60,000 | $75,500 | Black | Manual | Sedan | Bring a Trailer |
| Jun 2026 | 1988 | 156,000 | $32,000 | Black | — | Sedan | Bring a Trailer |
| Dec 2025 | 1988 | 136,000 | $62,500 | Black | Manual | Sedan | Bring a Trailer |
| Nov 2025 | 1988 | 173,100 | $50,500 | Black | Manual | Sedan | Cars & Bids |
| Nov 2025 | 1988 | 59,000 | $61,000 | Black | Manual | Sedan | Bring a Trailer |
| Nov 2025 | 1988 | 167,000 | $35,000 | Black | Manual | Sedan | Bring a Trailer |
| Oct 2025 | 1988 | — | $57,500 | Black | Manual | Sedan | Bring a Trailer |
| Sep 2025 | 1988 | 122,000 | $32,250 | Black | Manual | Sedan | Bring a Trailer |
| Sep 2025 | 1988 | 364,000 | $39,500 | Black | — | Sedan | Bring a Trailer |
| Sep 2025 | 1988 | 150,000 | $41,000 | Black | Manual | Sedan | Bring a Trailer |
Every E28 M5 sale, filtered to your mileage, color and gearbox, in the valuation tool.
Buying an E28 M5?
Check its history before you buy. An AutoCheck report for any VIN is $5, emailed to you as a PDF: title brands, reported accidents, odometer readings, owners and auction history.
See how it left the factory, options and paint code included, with the free BMW VIN decoder. Buying it out of state? Get an instant door-to-door shipping quote.
If your E28 M5 was totaled
Insurers price a total loss from dealer listings near where the car was garaged, and for the E28 M5 there is often nothing comparable for sale nearby. The Total Loss Market Valuation Report puts the sales above in front of your adjuster: the comparable sales at your mileage with links, every adjustment itemized in dollars, what your color, gearbox and trim are worth, your state's rule, and a letter to the adjuster in your name. The preview is free; the report is $199.
Questions
What is a BMW E28 M5 worth?
The median 1985–1988 BMW M5 (E28) sold for $49,500 over the last 24 months, across 22 recorded auction sales. The middle half sold between $35,000 and $61,000, and the full range ran from $25,000 to $89,500. Mileage moves the price most: cars with 50,000 to 75,000 miles sold for a median of $64,500, and cars with 150,000 to 175,000 miles for $35,000.
Are E28 M5 prices going up or down?
Over the last 12 months the median sale was $46,250 across 8 sales, against $49,750 across 14 sales in the 12 months before: a change of -7.0%. That compares every sale in each period, so a change in the mileage or condition of the cars offered moves it as well as the market does.
Where do these E28 M5 prices come from?
From 91 completed auction sales of the E28 M5 on Bring a Trailer and Cars & Bids, each a public record with photographs, mileage and a final price. Asking prices are not used. Special variants, race and project cars, branded titles, parts and museum-mileage examples are left out so they cannot skew a median.
My E28 M5 was totaled. How do I show the insurer what it was worth?
Look up your car in the valuation tool with its year and mileage, then start the Total Loss Market Valuation Report from there. It lists the comparable sales with links, itemizes every adjustment in dollars, states what your color, gearbox and trim are worth, and opens with a letter to your adjuster. The preview is free and the report is $199.
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