Can anyone identify this M3 touring car livery?

[m3guru(2) 13]

I bought this from a Japanese seller 20 years ago. The body set is a first gen Schnitzer M3 but the decals and exact livery are a mystery. I'm guessing it's 80s or 90s Japanese Group N or JTCC.

Are the decals custom or created by a company?

What does the real car look like? My english Google search didn't provide much. Maybe a Japanese language search can help. 

If it's not based off of a real racing car, then I'd feel better using it as a running body. 

Thanks for any help. 

[m3guru(2) 13]

I put this in the wrong subforum....sorry it's been a while. Please move to the appropriate location.

Nevermind....I think the original Schnitzer M3 does fall in the "first 150" list. Looks like it can stay here. 

[M 800STD 586]

Never seen this.

Found this...

http://www.supertouringregister.com/image/5632.jpg

[m3guru(2) 13]

Thanks. Saw that one actually. It looks to be a later model BMW. Same racing team though. 

[sosidge 624]

I've found a reference to the sticker set being sold under the brand "Traco", so I don't think it is custom. But no idea on the history of the real car (I assume it is a real car livery).

[Aerobert 2149]

Here's a picture of the real car on FB;

https://m.facebook.com/photo.php?fbid=115444934347557&id=112088908016493&set=a.114985634393487&refid=13&__tn__=%2B>

It's not the no. 92 but same livery.

Edited January 7, 2023 by Aerobert

[M 800STD 586]

55 minutes ago, m3guru(2) said:

Thanks. Saw that one actually. It looks to be a later model BMW. Same racing team though. 

Yep.  it's a E36 and your body is an E30.

[m3guru(2) 13]

1 hour ago, Aerobert said:

Here's a picture of the real car on FB;

https://m.facebook.com/photo.php?fbid=115444934347557&id=112088908016493&set=a.114985634393487&refid=13&__tn__=%2B>

It's not the no. 92 but same livery.

Aaah yes! Good find! There probably is a real 92 car. Many thanks. 

[m3guru(2) 13]

2 hours ago, sosidge said:

I've found a reference to the sticker set being sold under the brand "Traco", so I don't think it is custom. But no idea on the history of the real car (I assume it is a real car livery).

Traco….interesting. Thanks. Will do more research.