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Packages, Paints, Prices Shift for 2023 BMW 5 Series

bmw 5 series 2021 01 jpg 2021 BMW 530e (European model shown) | Manufacturer image

The BMW 5 Series is entering the 2023 model year with some changes in packaging and increased prices as the German automaker’s large four-door sedan aims to stay fresh against a pool of rivals.

Related: 2021 BMW 5 Series Is Feeling Refreshed

Most updates are found inside, with BMW reintroducing the Executive Package on the 530i, 530e, and 540i variants. The package adds heated front seats (heated rear seats are an extra $500), a head-up display, power-operated trunk, power rear sunshade and side curtains, remote engine start and a Harmon Kardon premium sound system. Additionally, the Premium Package now gets remote start, and the Parking Assistance Package is now only available on the M550i. BMW has removed gesture control from all variants.

Meanwhile, the range-topping M5 loses six exterior colors but adds two new ones (San Remo Green metallic and Skyscraper Grey metallic). Its interior is once again available with the Individual Smoke White with Black Full Merino leather and Tartufo Full Merino leather. Gone is the Bowers & Wilkins Diamond Surround sound system.

The base 530i model is powered by a 248-horsepower, turbocharged 2.0-liter four-cylinder engine; the 530e combines the 2.0-liter with an electric motor and a 12-kilowatt-hour battery to bump total system output up to 288 hp; the 540i gets a 335-hp, turbo 3.0-liter inline-six; the M550i xDrive gets a 523-hp, twin-turbo 4.4-liter V-8; and the M5 has a version of the 4.4-liter that makes 600 hp (617 hp with the Competition Package). All 5 Series come with a standard eight-speed automatic transmission. Rear-wheel drive is standard; all-wheel drive adds $2,300 to the price of the 530i, 530e and 540i, while the M550i and M5 get it standard.

Pricing and Release Date

The 2023 BMW 5 Series lineup is available now. Full pricing is below (all prices include the $995 destination charge; the M5 includes a $1,000 gas guzzler tax).

  • 530i: $56,995
  • 530e: $58,595
  • 540i: $63,895
  • M550i: $82,495
  • M5: $111,895

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