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Why is the BMW M1 such a rare and sought-after sports car?

I've been reading about the BMW M1 and it seems to be a very rare and highly-coveted vehicle. What makes it so special and why is it considered a collector's item?

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The BMW M1 was originally designed as a homologation model for Group 4 racing, with only 399 units produced for public sale. Its sleek design, powerful engine, and innovative technology make it a highly desirable car for collectors.

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