The BMW M4 GTS is this year’s helping of Bavarian temptation for anyone who’s been in the market for a Porsche 911 GT3 RS or a Mercedes-AMG GT S and who’s ready for a change.

Clearly track-intended but road-legal, the BMW M4 GTS is the fastest-accelerating production M car to date, pipping the M6 Competition to 100km/h by a tenth of a second.

It’s also almost double the price of an M4 Competition. And it’s already sold out. Just 700 will be built, with almost half going to the US, while Australia’s allocation doubled to 25 cars after customers threw cash at BMW Australia in vast quantities.

BMW M4 GTS rear

But the new car’s key mechanical asset is a water injection system for the 3.0-litre twin-turbo straight-six petrol engine. It sprays vapour into the intake plenum at high revs, cooling and condensing the fuel mixture enough to allow boost pressure on the car’s bigger turbochargers to be turned up without risking lunching the engine. And because it reduces peak thermal loading, BMW says it actually makes your engine last longer than that of a standard M4.

The car’s weight-saving program has been far-reaching. Alongside the standard M4’s carbonfibre-reinforced polymer (CFRP) roof, the GTS gets a CFRP bonnet and bootlid, as well as the extendable CFRP front splitter, the three-position CFRP spoiler scaffolded deliciously onto its rump, and the equally wicked rear diffuser.

BMW-M4-GTS-interior

Suspension is by KW Automotive and is manually adjustable through 15mm for ride height and myriad settings of high- and low-speed bump and rebound damping. The forged aluminium control arms are shared with the standard M4, but there are new rigid mountings and ball joints throughout the suspension and steering systems. BMW’s standard tyre is a Michelin Pilot Sport Cup 2 of 285 section on the driven rear axle.

It only took seven laps of the Circuit de Catalunya to establish that this is a very special car. Not quite compelling enough to trade in your GT3 RS for, perhaps, but almost that good, in all sorts of ways: grip level, cornering balance, adjustability, handling precision, control feedback and ultimate driver reward. It’s very close to the Porsche for out-and-out lapping pace, too, and from where the current M4 started out, that’s quite some achievement.

BMW M4 GTS engine

The steering is uncompromisingly heavy, although it’s probably lighter with the suspension set more moderately than that of the launch cars, which were at rock-bottom ride height with dampers close to maxed-out. Select the angriest settings for the seven-speed dual-clutch gearbox, electronic LSD, traction control and engine management systems, and the rear wheels will spin up momentarily under big throttle openings and on cold tyres as you move off, giving instant attitude to deal with if the car isn’t quite tracking straight.

We’re rolling then, in third gear. Feeding the accelerator all the way to the floor beckons a power delivery that doesn’t have the drama of a great naturally-aspirated engine and isn’t quite as potent in outright terms as some at the same price level (think Nissan GT-R Nismo, Porsche 911 Turbo S). But the mid-range torque comes in crisply enough to feed in with metered precision – which is arguably what matters most in a track car – while the high-rev power is more than enough to put the car into super-sports territory.

BMW M4 GTS front

Attacking a few corners on warmed-up rubber brings the car’s steering to life even more vividly. There’s an unmistakable sense of weight in the nose and a feeling of dependable high-speed stability about the handling.

Perhaps BMW’s choice of chassis setup has teased a little bit of extra understeer out of the on-limit responses today, for the protection of us unfamiliar test drivers and in anticipation of rain. But I bet you could set the car up to be more pointy. In fact, that’s entirely the point.

BMW M4 GTS side

The wheel is tactile, talkative and alive in your hands, the body flat and hunkered down on the outside rear tyre, but still working all four hard.

Outstanding camber control clearly maintains a broad contact patch under the front wheels, so those final few degrees of steering correction just before the apex mean as much as the first few on turn-in. The rear axle can be delicately mobile, too, I suspect. This is an M3 (to use BMW’s new nomenclature feels like an even greater betrayal of the car’s lineage here than it ever has) as you’ve only ever hoped it might be.

BMW M4 GTS spoiler

So is all of the above worth swapping your current track day plaything and paying a tidy premium for? Depends on the premium, I suppose, and $295,000 already seems like quite a chunk of change for an M3 – but it certainly could be.

This tester wouldn’t give up a 911 GT3 RS for the M4 GTS, the Porsche having a stellar engine to match its stellar track handling. But a Black Series AMG, an upper-level Audi R8 or Nissan GT-R Nismo? I might.

Bmw m4 gts front stil

The M4 GTS is a flawed diamond polished and perfected to a glittering lustre – and who wouldn’t want a piece of that?

4.5 OUT OF 5 STARS

LIKE: Engine, steering, chassis dynamics, styling DISLIKE: Limited supply; big premium over standard M4

SPECS Engine: 2979cc inline-6, DOHC, 24v, twin-turbo Power: 368kW @ 6250rpm Torque: 600Nm @ 4000rpm Weight: 1510kg 0-100km/h: 3.8sec (claimed) Price: $295,000