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The 2023 BMW iX is a well-received all-electric luxury midsize SUV. In fact, people often consider it among the best because it has a ton of features and offers sporty performance. Not only that, but it has a wonderfully unique look that helps it stand out from other midsize luxury SUVs. Despite this, the beloved 2023 BMW iX only has an average resale value. While average is better than low, most would expect a vehicle that so many people rave about to blow it out of the park in this regard.

Here’s a look into the 2023 BMW iX and why it only has an average resale value.

The 2023 BMW iX has an ‘average’ resale value

A vehicle’s resale value is one of its most important aspects. This is because it impacts how much the vehicle will be worth down the line when you want to sell or trade it in. Unfortunately, the 2023 BMW iX is a midsize luxury SUV that only has an average resale value. According to J.D. Power, it’s only ranked 75 out of 100 in this regard. Again, there are worst resale values on the market, but most people who invest in a BMW would expect better from their new SUV.

There are many reasons the 2023 BMW iX resale value might be lower than most would expect. Perhaps the biggest is that the vehicle is also only average when it comes to quality & reliability. This is an important factor because quality & reliability, and other areas, determine how valuable a car will be in the future. If these areas are ranked low or average, it’s hard to expect the BMW iX to be worth very many years in the future.

The iX has two powerful electric motors

One of the reasons the 2023 BMW iX is a popular luxury midsize SUV is because it’s a powerful vehicle. In fact, this is one of the reasons the BMW iX resale value is as high as it is. According to Edmunds, it uses two electric motors that combine to make a maximum output of 516 hp and a torque of 564 lb-ft. There is also a high-performance variant with a maximum output of 610 hp and a torque of 811 lb-ft. This is an all-wheel drive SUV.

Regarding speed, the standard trim, the xDrive50, accelerates from 0 to 60 miles per hour in only 4.0 seconds. However, the faster version, which is the M60 trim, only takes 3.2 seconds to reach 60 miles per hour from 0 mph. In terms of efficiency, the base trim grants 86 MPGe in the city and 87 MPGe on the highway. The M60 trim averages 76 MPGe and 80 MPGe, respectively. The battery pack is a 105.2 kWh unit. It can charge from 10 percent to 80 percent in only 35 minutes using a DC fast charger. Given that the BMW iX is solid when it comes to performance, it’s safe to say this isn’t one of the reasons its resale value is only average.

The BMW iX has an advanced interior

Related Depreciation Writ Large: Used BMW iX Sales Tanking as Never Seen Before

Depreciation Writ Large: Used BMW iX Sales Tanking as Never Seen Before

Despite its average resale value, the 2023 BMW iX has an advanced interior. This midsize luxury SUV’s infotainment screen is a large 14.9-inch unit that uses BMW’s iDrive 8.5 system. Drivers can customize the screen and make changes to the graphics. Additionally, there is also a voice-activated personal assistant. The BMW iX also has a 12.3-inch instrument gauge cluster. This SUV also comes standard with an 18-speaker Harman/Kardon sound system.

The 2023 BMW iX may only have an average resale value, but it has much to offer buyers. Not only is it a fast and powerful vehicle, but it’s an advanced SUV that people will like for years to come. However, if you plan to sell or trade in your vehicle, you may want to think twice as it won’t be worth as much as you’d think.