The long version

This spent the mid-2000s to mid-2010s as a genuinely cheap used car, values nearly halved by 2012, and that trough is exactly what built the ownership culture that has kept it alive: people bought it because it was an affordable manual super-saloon, not because it was an appreciating asset, and plenty of that generation of owner never sold. Values have more than tripled off that bottom since, but the driving habits did not reset when the market did. No badges attach because it does not need one to make its point, a fast, practical, three-pedal BMW still doing exactly what it was bought to do, decades on.