The Chicago Car Club is interested in classic cars of all makes and models, especially a BMW 503. We make the process of selling your BMW 503 quick and painless. In just a matter of hours we will have your classic valued and, if you do so choose, turned into money in your pocket. All it takes is a phone call or electronic inquiry to get the ball rolling.
In the 1950’s German car maker BMW produced the model 503. It was in a 2 + 2 configuration and was classed as a luxury touring automobile. The previous models, the 501 and 502 were luxurious, but slow, heavy and expensive and did not sell well. They aimed to make a more modern looking car that fill a niche somewhere between the Triumph sports cars and the Mercedes luxury sedans.
BMW engineer Fritz Fiedler was asked to keep as many design elements of the 502 as possible, to save money, but to update the design and to lighten the car. He made two versions. One had the same frame as the 502 and the other used a shortened the wheelbase of the existing ladder frame. Both versions used the existing steering system and a variation on the suspension. The shorter car became the 507 roadster. Both used drum brakes with vacuum assist.
These cars used the V8 from the 502 model. Dual carburetors and an improved lubrication system were added. The engine produced 140 bhp (100 kW; 140 PS) at 4800 rpm, The top speed of the 503 was 115 miles per hour (185 km/h) and the 0-100 km/h (62 mph) speed was 13 seconds. That was a great improvement over the previous 501 model, which had taken a full 27 seconds to reach 100km/h.
In 1954, the public got a look at the nearest competition, the Mercedes-Benz 300SL and 190SL, which they loved. Based on the reaction to their cars, the heads of BMW approved the design for the 503 and 507, thinking they would sell well. With a price tag of $5000, the car did not sell well. Only 412 of the 503 models were sold. Although beautiful, the project was a financial disaster for BMW.