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If we are using car brands as analogies, sure, in some way a BMW is a status symbol on public road, but on race tracks, pretty much every non-SUV BMW model would excel. Look at how many non-purpose-built BMW production cars that entered the 2019 VLN race series. https://en.wikipedia.org/wiki/2019_VLN_Series

After a car leaves the showroom, it's ultimately up to the owner to decide what to do with the car. A Corolla is great at getting groceries, but a BMW can not only take you to supermarkets but also win races on Sundays.

Oh BTW, BMW has just won the 24 Hours of the Nürbergring this past Sunday.