If you're talking strictly NEW cars, the GTO would easily hand any new BMW that's under 40k its ass. It runs low 13's in the 1/4, which I'm assuming would be your race.
If you want to talk USED cars, then that's a whole different story. There are plenty of cars period that you can get for less than 40k used that would handle the GTO.
With GM there isn't a 'status' charge. If it doesn't go fast or haul a lot of stuff, it's cheap.
2002 BMW 530i
1997 Ford Mustang GT
1995 Honda VFR 750 (For Sale)
1964.5 Ford Mustang