The price of entry into BMW’s M range has just dropped significantly. BMW has announced today that the new M2 will land Down Under for as little as $89,900.

This figure sees the first-ever M2 undercut its predecessor, the 1M, by over $10,000, and slash the cost of owning an M car by a furlong, being priced $50,000 less than the four-door M3.

BMW-M2-rear

BMW’s seven-speed dual clutch gearbox, the only type of automatic available, is unique to the full-specification M2 model that drops the ‘Pure’ tag.

BMW has placed $9K between the manual-only ‘Pure’ and automatic ‘M2’, which represents the largest price difference between a transmission option in BMW’s model range.

To justify this BMW’s attached a considerable amount of kit to the price hike between specifications. Along with the dual-clutch ‘box BMW will also throw in an alarm system, keyless entry, heated electric seats, adaptive headlights that dip the high-beams automatically, and a Harmon Kardon sound system for the premium model.

Interestingly, though, the Pure is not available with an automatic transmission, whereas the ‘M2’ will be available with a manual transmission as a no-cost option.

BMW-M2-interior

BMW says to expect the M2 here second quarter next year.