Even though just a rumor at this point, we have learned that BMWNA is looking into offering a decals kit for the upcoming 1 Series M Coupe. The kit is in fact a more modern version of the traditional 3.0 CSL-style paint scheme seen on BMW’s racing cars in the past. A similar idea was introduced a few weeks back by Jon Sibal who created a rendering of the 1M with the racing paint job, an image that spread around the web and even made us consider it for our 1M.

According to our source, the kit could be installed at any BMW dealerships and will be sold as an option for the 1M. Pricing and other details have not been shared with us at the moment. As we approach the starting of production, March 2011, we expect to learn more. BMW of North America is currently revising the packages and options on the 1M.

The 1M made its debut on Monday at the 2011 Detroit Auto Show and based on the traffic and buzz generated, it is already a big hit for the BMW and its M Division.

The “baby-M” will debut in the United States on May 16th and has a base price of $47,010, including the destination fee. The 1M will be offered only in three colors, Alpine White, Black Sapphire and Valencia Orange. Inside, BMW only offers the Black Boston leather with orange stitching.

Two packages are available for the 1M, the Convenience Package with Anti-theft alarm system, Comfort Access, Park Distance Control (rear only) and Navigation System, and the Premium Package with Auto-dimming interior and exterior mirrors, Auto-dimming rear view mirror, power front seats with driver seat memory, ambiance lighting, lumbar support, BMW Assist with Bluetooth, iPod and USB adapter. Other options include power folding mirrors, heated front seats, or retractable headlight washers.

Stay tuned for more details on the kit!