BMW Australia is marking the 40th anniversary of the 3 Series with a limited-run of the exclusive BMW 340i 40 Year Edition.

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BMW will offer just 40 of the 340i 40 Year Edition vehicles in our market. Arriving in showrooms in the coming days, the limited edition cars will cost $97,900 plus on-road costs, positioning them $8000 above the regular 340i sedan, the flagship of the updated 3 Series range.

Half of the 40 Year Edition vehicles will be finished with BMW Individual Tanzanite Blue metallic paint and the other half with Mineral White metallic paint.

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On the outside, all come standard with the M Sport package, 19-inch M double-spoke Orbit Grey alloy wheels, an electric glass sunroof, and satin aluminium exterior highlights.

The cabin gains a number of bespoke BMW Individual touches, including Opal White leather upholstery in blue cars and Merino Black leather in white cars, leather-finished instrument panel cover, and piano black trim with special 40/3 logo.

The black, white and blue colour schemes are designed to capture the colours of the BMW roundel.

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The BMW 340i 40 Year Edition is otherwise identical to the car it’s based on. The updated model is powered by a brand-new 240kW/450Nm 3.0-litre six-cylinder turbo petrol engine, accelerates from 0-100km/h in 5.1 seconds and uses 6.8 litres of fuel per 100 kilometres on the combined cycle.

Click the photos tab for more BMW 340i 40 Year Edition images.

More: 2016 BMW 3 Series Review