Currently reading: BMW announces new model prices

Prices revealed for 1-series cabriolet and M3 saloon

BMW has announced prices for the 1-series cabriolet and four-door M3.The baby drop-top goes on sale in April 2008, and will cost £24,055 for the 120i ES, £25,205 for the 120i SE and £26,195 for the range-topping 125i SE. All of the 1-series cabriolets will be fitted with Efficient Dynamics technology, but if you want even better efficiency than the 42.8mpg and 158g/km on offer in the 120i, you'll have to wait for the diesel models due out soon after the model launch.Meanwhile, if you've been waiting for the family-friendly M3 saloon, it goes on sale in March next year at a list price of £49,210. That's a saving of £1415 over the coupé, and you'll be able to transport the the whole family to 62mph in only 4.9 seconds. The school run has never been so fun.

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