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What do we want? Wagons! When do we want them? Now! #WeirdCarTwitter has spoken. American car enthusiasts openly covet the diversity of sport wagons available to our European brethren, and are outspokenly requesting automakers bring them to our shore. Well it appears BMW has listened. Or spent millions on a study that demonstrates market potential we could have told them about.

BMW’s 5 Series is its second best selling model (after only the legendary 3 Series). In Europe, it’s been configured as a sedan, a fastback (the Gran Turismo), and a wagon (the Touring). BMW just rolled out the eighth generation of the 5 Series for the 2024 model year. It will offer both hybrid and EV powertrains (the i5, also only available in Europe). And they are now hard at work on the M version.

The “G60” version of the 5 Series is available in North America, but not in its “Touring” wagon configuration. All that may be about to change. The BMW Blog has a source claiming the M5 trim of the Touring configuration is coming our way.

BMW wagon parked on a beach in front of the sunset.
BMW 5 Series Wagon | Fabian Kirchbauer via BMW

So how fast will the M5 Touring be? We know it will have a hybrid 4.4-liter V8. That powertrain is tuned for different outputs based on application. So in the regular 5 Series Touring, it will probably come in just below the i5 EV’s 590 horsepower and 549 lb-ft of torque. In the XM SUV it makes 736 horsepower and 738 lb-ft of torque. Reports have put it at 700 horsepower, on the nose.

So will the new M5 touring be an affordable family hauler that can also haul when needed? Unfortunately, probably not. The 2023 BMW M5 sedan had an MSRP of $109,900. I can’t imagine the M5 touring will be any cheaper. I guess most of us wagon enthusiasts will have to wait 10 years to scoop them up used and affordable.

Next, read about the forgotten Volvo V70 R stick shift sport wagon, or watch a review of the 2024 BMW 5 Series sedan in the video below: