Barn find BMW icon?!? | Tom's 1958 BMW 507 | My BMW Story

From a barn to the Concours d’Elegance this is a brief story of Tom's 41-year restoration of his 1958 507. Did you know the hardtop from one BMW 507 will not fit on another BMW 507? Each one is very unique. BMW CCA Oktoberfest 2019 #MyBMWStory by Turner Motorsport | The Driver, The Car, The Story The 507 made its debut at the Waldorf-Astoria Hotel in New York in the summer of 1955. Production began in November 1956. Max Hoffman intended the 507 to sell for about $5,000, which he believed would allow a production run of 5,000 units a year. Instead, high production costs pushed the price in driving the U.S. price initially to $9,000 and ultimately $10,500. Despite attracting celebrity buyers including John Derek and most notably Elvis Presley (who owned two), Hans Stuck and Georg "Schorsch" Meier, and being powered by a V8 engine, the car never once reached more than 10% of the sales volumes achieved by its Stuttgart rival, the six cylinder Mercedes-Benz 300SL. Intended to revive BMW's sporting image, the 507 instead took BMW to the edge of bankruptcy. The company lost money on each 507 built, and production was terminated in late 1959. Only 252 were built plus two prototypes.

Added 14 Sept 2026