1 Weakness in the 2023 BMW 7 Series You Should Know About
The 2023 BMW 7 Series is one of the best luxury cars on the market. The car earns this distinction for many reasons, but mostly because it has stellar ratings across the board. However, the BMW 7 Series is lacking in one area that matters to buyers – resale value as determined by J.D. Power. While this may not be an immediate problem, it will come into play when BMW 7 Series owners try to sell or trade in their cars.
Here’s a look into the 2023 BMW 7 Series and its significant weakness.
The 2023 BMW 7 Series resale value is low
The 2023 BMW 7 Series is one of the best luxury cars, with the exception of its resale value. According to J.D. Power, the BMW 7 Series resale value is only 69 out of 100. To be fair, the organization considers this score to be ‘fair’ and not bad, but most would assume a vehicle that’s so well regarded would have a much higher resale value. This is especially true when you consider that the 2023 BMW 7 Series has at least an 80 in all categories besides driving experience, in which it has a stellar 90 out of 100.
Of course, the relatively low resale value of the 2023 BMW 7 Series is important because it means buyers won’t get as much of a payout as they may think when the time comes to sell or trade it in. Additionally, this is a problem for luxury vehicles like this because buyers typically spend much more on them compared to options from automakers like Ford or Honda. Essentially, people who buy the BMW 7 Series lose much more of their investment than other buyers.
The 2023 7 Series delivers efficient power
The 2023 BMW 7 Series resale value may not be high, but this is a powerful hybrid that people love to drive. It comes standard with a 3.0-liter mild hybrid inline-six engine with a maximum output of 375 hp and a torque of 383 lb-ft. This version is rear-wheel drive and uses an eight-speed automatic transmission. This is the 740i trim of the 7 Series.
Another trim of the BMW 7 Series is the 760i. It uses a 536-hp 4.4-liter mild hybrid V8 with a torque of 553 lb-ft. It’s an all-wheel drive vehicle that uses an eight-speed automatic transmission to deliver its power. Regarding fuel economy, the 740i averages 25 MPG in the city and 31 MPG on the highway. The 760i gets 18 MPG in the city and 26 MPG on the highway. BMW also offers the 760i xDrive
The 2023 BMW 7 Series is, of course, one of the best luxury cars for speed. The 375-hp version accelerates from 0 to 60 miles per hour in only 5.2 seconds. However, the more powerful version of the car does the feat in an impressive 4.1 seconds. The fastest option is the 760i xDrive, which accelerates from 0 to 60 miles per hour in 3.5 seconds.
The BMW 7 Series has much to offer
There’s much to appreciate about the 2023 BMW 7 Series, with the exception of its resale value. Not only is it one of the best luxury cars on the market, but this is a spacious sedan with room for up to five people. Of course, the 7 Series also has a host of safety features, which include pedestrian recognition, traditional lane departure warning and lane-keeping assistance, and a semi-autonomous driving option.
Of course, many people will overlook the BMW 7 Series’s resale value. This is because it’s such a fantastic car that delivers solid performance. However, those who might sell the vehicle in the coming few years may want to look elsewhere for their next luxury sedan.
