With its powerful engine options, advanced technologies, and spacious interior, the 2023 BMW 5 Series is an excellent choice for the executive midsize luxury car segment. Find out what we know so far about the release date, price, specs, and features of the 2023 BMW 5 Series.

When will the 2023 BMW 5 Series be available?

The 2023 BMW 5 Series should hit roads in the third quarter of 2022. It will be available at BMW dealerships throughout the United States, as well as in various international markets. The BMW 5 Series is built at BMW plants in Dingolfing, Germany, Magna Steyr, Austria, and Shenyang, China.

How much does the 2023 BMW 5 Series cost?

The starting price of the 2023 BMW 5 Series ranges from $54,800 MSRP for the 530i trim up to $115,500 MSRP for the M5 Competition trim. Also, the limited-production M5 CS is no longer available.

2023 5 Series specs: Engine options, 0-60 mph acceleration, and fuel economy

Buyers of the 2023 BMW 5 Series have no shortage of engine options. This includes a turbocharged 2.0-liter four-cylinder, a hybrid with a turbocharged 2.0-liter four-cylinder engine and an electric motor, a turbocharged 3.0-liter inline-six, and four variants of a twin-turbocharged 4.4-liter V-8. 

Here are the horsepower and torque specs for each of the engine options of the 5 Series:

• Turbocharged 2.0-liter four-cylinder (530i): 248 hp and 257 lb-ft of torque
• Turbocharged 2.0-liter four-cylinder engine/electric motor (530e): 288 hp and 258 lb-ft of torque
• Turbocharged 3.0-liter inline-six (540i): 335 hp and 331 lb-ft of torque 
• Twin-turbocharged 4.4-liter V-8 (M550i): 523 hp and 553 lb-ft of torque 
• Twin-turbocharged 4.4-liter V-8 (M5): 600 hp and 553 lb-ft of torque 
• Twin-turbocharged 4.4-liter V-8 (M5 Competition): 617 hp and 553 lb-ft of torque 
• Twin-turbocharged 4.4-liter V-8 (M5 CS): 627 hp and 553 lb-ft of torque 

All of the engines for the BMW 5 Series are paired with an eight-speed automatic transmission. Also, the 5 Series offers luxury car buyers the choice of a rear-wheel drive or an all-wheel drive system.

There are no slow-moving cars in the 5 Series lineup, as the executive midsize luxury car is fast and quick. Its 0-60 mph acceleration time ranges from 5.9 seconds for the base-level 530i trim to as low as 2.9 seconds for the M5 CS trim. Also, the top speed of the BMW 5 Series is an electronically-limited 155 mph. For efficiency, the 5 Series gets an estimated fuel economy of up to 25 city/33 highway mpg.

What’s new for the 2023 BMW 5 Series?

The 2023 BMW 5 Series is primarily a carryover model. However, the executive luxury car offers a new M Sport Package Pro collection of features. This includes an extended M high-gloss Shadow Line, M seat belts, M Shadow Line lights, a black M rear spoiler, and an M sports brake system with red brake calipers. Also, the 2023 5 Series offers two new exterior paint color options: Arctic Race Blue Metallic and Skyscraper Grey Metallic.

What are the midsize luxury car competitors of the BMW 5 Series?

The midsize luxury car competitors of the BMW 5 Series include the Mercedes-Benz E-Class, Audi A6, Lexus ES, Jaguar XF, Volvo S90, and Genesis G80.

Also, for warranty coverage, the 2023 5 Series has a 4-year/50,000-mile basic warranty and a 4-year/50,000-mile powertrain warranty. Additionally, it has a free maintenance plan, with three years or 36,000 miles of coverage.

This article was updated on 8/3/2022 with the latest information.