2023 BMW 5 Series: Release Date, Price, and Specs

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 the release date, price, specs, and features of the 2023 BMW 5 Series.

When will the 2023 BMW 5 Series be released and available?

Front angle view of blue 2023 BMW 5 Series, highlighting its release date and price
2023 BMW 5 Series | BMW

The release date of the 2023 BMW 5 Series will be in July 2022. It will be available to buy 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?

BMW didn’t yet release the price information of the 2023 5 Series. However, the 2023 BMW 5 Series will likely cost slightly more than the 2022 5 series. The starting price of the 2022 5 Series ranges from $54,200 MSRP for the 530i trim up to $142,000 MSRP for the M5 CS trim.

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

Rear angle view of blue 2023 BMW 5 Series, highlighting its release date and price
2023 BMW 5 Series | BMW

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?

Dashboard and front seats in 2023 BMW 5 Series, highlighting its release date and price
2023 BMW 5 Series | BMW

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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.

The 2023 BMW 5 Series will be available soon, for the executive midsize luxury car will be released in July 2022. As more information about the 2023 BMW 5 Series becomes available, we’ll provide updates. This includes the official price information with the cost for each 5 Series trim.

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