The 323i was a variant of the E36 BMW 3 Series introduced for 1995 as a lower-priced alternative to the 2.8L powered 328i. While the model name might hint at a 2.3L displacement, the 323i was powered by a 2.5L version of the M52 inline-six. This engine sent power to the rear wheels through manual and automatic transmission options. The E36 323i was offered in a convertible, sedan, or Touring body styles, and was built until 1999.