Unlike other E30 models, the E30 M3 is easily distinguished by its oversized wheel wheels. These larger wheel wells were designed to handle 10" wide racing rims. Another feature was a slightly larger rear window to improve aerodynamics.

The power plant is high-performance 4-cylinder, a direct descendent of the M10 F-1 powerplant. The engine has a forged crank, a four valve head and strengthened internals, with 2.3 liters and 195 hp with a catalytic converter and 200 hp without.

The original E30 M3 was followed by a variety of Evolution models and some special editions. The highlight of the Evolution models was the 1990 Evo III, featuring a 2.5 liter engine and 238 hp.

The E30 M3 Cabriolet version was produced from 1988 to 1991. The E30 M3 Cabriolets were all hand built on BMW Motorsport GmbH's production line at Garching in Munich. Only 786 models were made.

From 1987 to 1990, only the 195 hp model (with a catalytic converter) was officially imported into the USA.

To improve the M3's performance on the track, BMW introduced new versions on an annual basis.

BMW actually produced 13 different versions of the E30 M3. Some of the models were in very limited production, and most were European models that never made it to the United States.

The E30 M3 was replaced by the E36 M3.