A BMW official has denied the Bavarian marque is working on a Touring version of the M3 Sedan.

The report concerning the existence of an M3 Touring was just too good to be true as M development chief Carsten Pries told Autovisie it's not going to happen. He justified the company's decision by saying that any M model must have global appeal and the market for an M3 Touring would be too small to justify the costs. He went on to specify the hot wagon would be successful in Central Europe, but anywhere else it wouldn't be so attractive.

Arch rivals Mercedes-Benz and Audi have a different opinion as the Daimler-owned company has the C63 / C63 S Estate while Volkswagen's premium marque sells the RS4 Avant. BMW says that for the same reasons there won't be an M5 Touring at least during this generation which will be replaced sometime in 2017.

Note: BMW M3 Touring render by Theophilus Chin pictured.

Gallery: BMW slashes rumors of M3 Touring

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