It’s been two decades since BMW launched the beautiful retro-modern Z8 roadster. It took a little time to take hold, but now the Z8 is seriously sought after, commanding prices considerably higher than its original MSRP. All the more reason to reminisce about the car’s debut at the turn of the century.
Strictly speaking, the Z8 made its first appearance in 1999, driven by a certain Mr. Bond in The World is Not Enough. It enjoyed approximately 14 minutes of screen time before being cut in half by a helicopter.
The press and public didn’t get behind the wheel until February 2000, and I was fortunate enough to be amongst them.
At the California PR event, chief designer Henrik Fisker explained how his team wanted to pay homage to the iconic BMW 507 but not create something shamelessly retrospective. This was a running theme at the BMW Group, as demonstrated by the reborn Mini a year later.
Fisker emphasized the classic proportions of the roadster, with its long and low hood, a raked windscreen, a cockpit pushed back as far as possible, and a rounded rear with a minimal overhang.
Inside, the Z8 was an ode to aluminum, including bespoke milled switches. The center-mounted gauges were supposed to give the driver a distraction-free focus on the road ahead. In reality, they meant you had to actively look away to check your speed. Of which there was plenty to be had.
Underpinning the Z8 was the running gear from the E39 M5. That meant a 394-hp, 4.9-liter V-8 that also mustered 369 lb-ft of torque, mated to a six-speed manual transmission and driving the rear wheels. The Z8 would crack 60 mph in four seconds and go on to a BMW-limited 155 mph. Deactivating that limiter would allow the Z8 reach 180 mph.
Given the press drives were in California canyons and not the unrestricted autobahns of Germany, it was the car’s brutal acceleration that made the biggest impression. That and its surprisingly capable handling.
Built entirely from aluminum, the “monocoque spaceframe” was incredibly light, but it was also rigid; as stiff as a contemporary sedan, even without fitting the hardtop that was supplied with every car as standard. This stiffness meant BMW didn’t need to tie down the suspension as aggressively, and the Z8 exhibited a remarkably compliant ride.
Sat low and far back, with that long expanse of hood ahead, my first impression was of a point-and-shoot machine rather than a canyon carver. I also recall very light steering that was initially disconcerting, but after it became familiar it just made the thing easy to chuck through corners.
The Z8 may not have been quite as agile as a contemporary 911, but it was still a blast to drive, thanks to ideal 50:50 weight distribution. The rev-loving, double VANOS M5 V-8 provided a muscular soundtrack, dipping and rising with every shift of the short-throw six-speed manual gearbox.
The Z8 wasn’t a huge sales success in its day. Priced new at $128,0000, BMW only sold 317 cars in the U.S.A. in year one. Sales peaked at 970 in 2001 before tailing off dramatically. In total just 5703 were built, with around half making it Stateside.
That paucity of initial popularity actually helped the Z8 hold its value. Prices waxed and waned but never crashed in the way other luxury cars often do, only ever dipping as low as around $90,000. Today the Z8 is a sought-after collector roadster, which perhaps was BMW’s end goal all along. At launch, the company said it would created a 50-year stockpile of spares to ensure the long-term life expectancy of the car.
If you want a Z8 now, you can expect to pay $240,000 for one in #1 (Concours) condition, or $184,000 in #2 (Excellent) condition, on average. All indicators are that prices will continue to rise. Maybe in 20 years we’ll be saying the same about the pioneering i8.