The 2023 BMW M5 represents the swan song for the legendary F90 generation, marking the last year before BMW's transition to the plug-in hybrid G90 model[1]. With 617 horsepower in Competition trim, a starting MSRP of $108,895, and blistering 2.8-second 0-60 mph acceleration, this final non-hybrid M5 delivers supercar performance wrapped in executive sedan practicality[2]. For enthusiasts seeking the last traditional twin-turbo V8 M5 before electrification, the 2023 model presents a compelling—and potentially collectible—proposition.
BMW made subtle but strategic changes to the M5's final F90 model year. The Competition package, previously offered as a standalone model, became an optional upgrade for 2023, simplifying the lineup[2]. Two new exterior colors joined the palette—San Remo Green and Skyscraper Grey—while several previous-year shades were discontinued[2]. BMW also discontinued the Bowers & Wilkins Diamond surround sound system, leaving the Harman Kardon as the premium audio option[2].
According to Autvex automotive experts, these minimal changes reflect BMW's decision to let the proven F90 formula stand on its own merits rather than introduce last-minute alterations before the redesign.
2023 Model Year Changes:
| Specification | Base M5 | M5 Competition |
|---|---|---|
| Engine | 4.4L twin-turbo V8 | 4.4L twin-turbo V8 |
| Horsepower | 600 hp @ 6,000 rpm | 617 hp @ 6,000 rpm |
| Torque | 553 lb-ft | 553 lb-ft |
| 0-60 mph | 3.2 seconds | 2.8 seconds (tested) |
| Quarter-Mile | 10.9 seconds | 10.6 seconds @ 130 mph |
| Top Speed | 155 mph (190 mph w/ M Driver's Package) | 190 mph (w/ M Driver's Package) |
| Starting MSRP | $108,895 | ~$117,495 (with Competition package) |
The 2023 M5's impressive specifications position it as one of the fastest sedans ever produced, rivaling dedicated supercars while maintaining four-door practicality[2].
The 2023 M5 appeals to a specific demographic: performance enthusiasts who value daily usability over raw, unfiltered driving experiences. Buyers preferring the traditional V8 M5 before BMW's PHEV transition represent a significant portion of the market[3]. Executives desiring understated supercar performance in an inconspicuous package find the M5's sleeper aesthetic particularly attractive[4].
For those wondering how long it takes to purchase a performance sedan, the M5's strong dealer demand means buyers should expect standard timelines unless seeking specific configurations.
BMW briefly offered the M5 CS variant in 2022 and early 2023, representing the ultimate expression of F90 performance. With 627 horsepower and 256 pounds less weight than the standard M5, the CS delivered enhanced track capabilities[5]. Its limited production run and $142,000 starting price positioned it as a collectible variant, though its availability ended before most 2023 M5 sedans reached showrooms[2].
The heart of the 2023 M5 is BMW's S63 twin-turbocharged 4.4-liter V8, an evolution of the engine found in previous-generation M cars. The base model produces 600 horsepower at 6,000 rpm with 553 lb-ft of torque, while the Competition package boosts output to 617 horsepower while maintaining the same torque figure[2].
S63 Engine Key Features:
The S63's sophisticated design delivers instantaneous throttle response, minimizing the turbo lag that plagued earlier forced-induction engines[6].
Power routes through an eight-speed ZF 8HP automatic transmission paired with BMW's M xDrive all-wheel-drive system[2]. This represents a significant departure from previous M5 generations, which were exclusively rear-wheel drive. However, BMW engineered the xDrive system with a rear bias, and drivers can configure it for rear-wheel-drive-only operation when electronic stability control is disabled[5].
The torque-converter automatic was chosen over a dual-clutch transmission for its durability and smoother low-speed operation, particularly beneficial for daily driving scenarios[5]. Launch control functionality optimizes clutch slip and torque distribution for consistent acceleration runs[7].
The 2023 M5 Competition's acceleration defies physics for a 4,096-pound sedan. Car and Driver's instrumented testing recorded 0-60 mph in 2.8 seconds—quicker than BMW's conservative 3.1-second claim—with the quarter-mile dispatched in 10.6 seconds at 130 mph[2]. The base model, while slightly less potent, still achieves 0-60 mph in 3.2 seconds[2].
For context, these figures place the M5 squarely in supercar territory. The standard 155-mph top speed increases to 190 mph with the optional M Driver's Package, which also includes a high-performance driving course at a BMW facility[2].
Behind the wheel, the M5 delivers what Car and Driver described as "rocket-ship propulsion"[2]. The M xDrive system provides exceptional all-weather capability, making the M5 a genuine year-round performance option unlike rear-drive competitors[7]. Track-capable performance coexists with everyday usability, a hallmark of the M5 lineage since its inception[4].
The 2023 M5 maintains BMW's understated design philosophy, eschewing the dramatic styling cues of competitors. This "sleeper" aesthetic resonates with enthusiasts who prefer their performance cars to blend into traffic rather than announce their presence[4]. Unlike the controversial oversized grille of the G80 M3, the M5's styling remains more conservative than its M3 stablemate, appealing to buyers seeking subtle sophistication.
Exterior Design Highlights:
The Competition package adds gloss-black exterior accents and a more aggressive exhaust note, providing visual and auditory distinction from the base model[2].
| Color Category | Available Options |
|---|---|
| New for 2023 | San Remo Green metallic, Skyscraper Grey metallic |
| Metallic Options | Black Sapphire, Marina Bay Blue, Tanzanite Blue II |
| Standard Colors | Alpine White, Alvite Grey, Dark Graphite, Aventurin Red |
| Discontinued 2023 | Brand's Hatch Grey, Snapper Rocks Blue, Motegi Red, Donington Grey |
The new San Remo Green represents a bold choice for M5 buyers, evoking classic BMW M color schemes while remaining distinctive in modern traffic[2].
At 196.4 inches long with a 117.4-inch wheelbase, the M5 occupies similar space to executive sedans like the Mercedes E-Class[2]. Its 4,096-pound curb weight represents a significant advantage over the 2024 hybrid model, which tips the scales at 5,251 pounds—over 1,000 pounds heavier[8]. This weight difference has profound implications for handling dynamics and driving feel, making the 2023 model particularly appealing to purists.
The M5's interior balances motorsport-inspired elements with luxury sedan refinement. Sport seats with aggressive bolstering provide excellent lateral support during spirited driving without compromising long-distance comfort[2]. Premium materials throughout the cabin reinforce the M5's positioning as both a performance machine and executive transport[4].
Standard Interior Features:
The M5 comfortably accommodates four adults, with rear seating best suited for two passengers[2]. The Competition package upgrades to enhanced sport seats with additional adjustability and bolstering. Passenger volume totals 102 cubic feet, competitive within the segment[2].
BMW's attention to material quality shines throughout the 2023 M5. Standard Merino leather covers all seating surfaces, while soft-touch materials dominate touchpoints[4]. For 2023, BMW introduced Smoke White/Black and Tartufo full Merino leather interior options, expanding personalization choices[2].
Autvex research indicates that M5 owners consistently rate interior quality among the sedan's strongest attributes, praising fit-and-finish that rivals luxury marques like Audi and Mercedes-Benz.
The optional Executive package elevates luxury appointments significantly:
This package transforms the M5 from a sport sedan into a true luxury performance machine, ideal for buyers prioritizing comfort alongside capability.
The M5's 14 cubic feet of trunk space held six carry-on suitcases in Car and Driver's testing, demonstrating genuine practicality[2]. Split-folding rear seats accommodate longer items when necessary. This pragmatic approach to cargo management ensures the M5 remains a viable daily driver rather than a weekend-only performance car.
For buyers considering used high-performance sedans, the M5's practicality represents a significant advantage over two-door sports cars.
The 2023 M5 features BMW's iDrive 7 operating system, displayed across dual 12.3-inch screens—one serving as the instrument cluster, the other as the central touchscreen[2]. A traditional rotary controller supplements touchscreen operation, providing tactile feedback preferred by many drivers[2].
Technology Highlights:
Owners consistently praise iDrive 7's responsiveness and logical menu organization, contrasting favorably with more complex systems from competitors[4].
| Feature | Standard Equipment |
|---|---|
| Apple CarPlay | Wireless integration |
| Android Auto | Wireless integration |
| Wi-Fi Hotspot | Included |
| Wireless Charging | Standard pad |
| USB Ports | Multiple Type-C connections |
| Satellite Radio | Subscription included |
The wireless smartphone integration eliminates cable clutter while maintaining full functionality[2].
The standard 16-speaker Harman Kardon surround sound system delivers premium audio quality that satisfies most buyers[2]. Notably, BMW discontinued the optional Bowers & Wilkins Diamond system for 2023, simplifying audio choices. Owners report the Harman Kardon system provides excellent clarity and bass response, particularly when paired with higher-quality streaming services[4].
Standard navigation includes high-resolution traffic overlays that provide real-time routing adjustments[2]. The head-up display projects critical information—speed, navigation prompts, driver assistance alerts—directly onto the windshield, allowing drivers to maintain focus on the road ahead. The customizable digital gauge cluster adapts to selected drive modes, displaying minimal information in Comfort mode or comprehensive performance data in Track mode.
The M5 offers extensive drive mode customization through configurable settings for:
The M Mode button provides instant access to pre-configured sport settings, eliminating menu navigation during spirited driving[9]. For track enthusiasts, the drift analyzer records and displays drift angles and duration[10].
The 2023 M5 includes comprehensive active safety equipment as standard:
Standard Safety Technology:
These systems function seamlessly without intrusive nanny-state interventions, preserving the engaging driving experience M5 buyers expect[11].
The optional Driving Assistance Professional package adds semi-autonomous capabilities:
This package transforms highway driving, particularly during congested commutes, though skilled drivers may find the systems overly cautious during spirited driving.
The G30 5 Series platform underpinning the M5 earned IIHS Good ratings in base configuration, improving to Superior with optional safety equipment[12]. Six airbags throughout the cabin provide comprehensive occupant protection. Seatbelt pre-tensioners activate during hard braking or collision detection, securing occupants before impact[2].
| Brake System | Specifications |
|---|---|
| Standard Brakes | Six-piston front calipers, vented and drilled rotors |
| Optional M Carbon Ceramic | Enhanced stopping power, reduced fade, gold calipers |
| 70-0 mph (M5 CS) | 150 feet |
| 100-0 mph (M5 CS) | 294 feet |
The optional M Carbon Ceramic brakes provide exceptional stopping power with virtually no fade during track use, though the $8,500 price tag represents a significant investment[2].
The M5's electric power steering delivers precision without the tactile feedback of hydraulic systems from earlier generations. Reviewers note the steering feels slightly disconnected compared to older M5 models, with reduced road feel filtering through to the driver[13]. However, accuracy remains excellent, with the front end responding predictably to steering inputs.
This clinical steering character represents a common criticism among enthusiasts who remember the hydraulic-steering E39 M5. However, the electric system enables features like lane-keeping assist and parking automation that modern buyers expect.
The adaptive suspension demonstrates remarkable versatility across drive modes. Comfort mode provides genuinely comfortable highway cruising, absorbing expansion joints and minor imperfections effectively[2]. Sport and Sport+ modes firm up considerably, delivering exceptional body control at the expense of ride compliance. The Competition package lowers ride height 7mm and adds stiffer springs, sharpening responses further[6].
Suspension Characteristics by Mode:
The M5 Competition recorded 1.02 g of lateral grip on Car and Driver's skidpad—extraordinary for a 4,096-pound sedan[2]. Rear-axle steering enhances agility, making the M5 feel smaller and more nimble than its dimensions suggest[6]. The M xDrive system provides seemingly endless traction, allowing drivers to carry absurd speeds through corners[7].
For drivers seeking tail-happy dynamics, disabling stability control activates rear-drive mode, sending 100% of power to the rear wheels. This configuration transforms the M5 into a drift machine, though only experienced drivers should explore this mode's full potential.
The M5's dual personality represents its greatest strength. It transforms from a comfortable long-distance cruiser into a track-focused performance machine through simple drive mode adjustments[9]. This versatility enables owners to use one car for daily commuting, weekend getaways, and occasional track days without compromise[4].
The 2023 M5's thirsty twin-turbo V8 delivers predictably poor fuel economy:
| Fuel Economy Metric | Rating |
|---|---|
| EPA City | 15 mpg |
| EPA Highway | 21 mpg |
| EPA Combined | 17 mpg |
| Car and Driver 75-mph Highway Test | 24 mpg (3 mpg over EPA) |
| Observed Real-World | 18 mpg[2] |
These figures trail the Mercedes-AMG E63 S, which achieves 16 mpg city and 23 mpg highway[2]. However, buyers considering six-figure performance sedans rarely prioritize fuel economy.
The M5's 17 mpg combined rating positions it at the bottom of the segment for efficiency. The 2024 hybrid G90 M5 achieves 50 MPGe combined when factoring in electric operation, though its real-world gas-only efficiency remains similar[8]. For context, buyers interested in BMW's electric performance sedans might consider the i5 M60 as an alternative.
The 2023 M5 starts at $108,895 with extensive standard equipment:
Standard Features:
This generous standard equipment list ensures even base M5 models feel luxurious and well-appointed.
The Competition package adds:
Most buyers opt for the Competition package, valuing the increased performance and visual distinction for the relatively modest upcharge.
| Option | Description | Approximate Cost |
|---|---|---|
| M Driver's Package | 190 mph top speed, track day experience | $2,500 |
| M Carbon Ceramic Brakes | Enhanced stopping power, fade resistance | $8,500 |
| Executive Package | Massaging seats, surround camera, soft-close doors | $3,900 |
| Panoramic Sunroof | Glass roof with power shade | $1,450 |
| BMW Individual | Custom paint and interior options | Varies[2] |
Car and Driver's tested Competition example totaled approximately $117,495 with the Competition package and several options[2]. Fully loaded examples easily exceed $125,000, approaching the price of more exotic machinery. However, compared to the 2024 hybrid M5's $123,275 starting price, the 2023 model represents relative value—particularly considering its lighter weight and simpler powertrain[8].
The F90 M5 has developed a reputation for specific reliability concerns that prospective buyers should understand:
Common F90 M5 Issues:
Rod bearing wear represents the most significant concern. Symptoms include knocking noises during cold starts and decreased oil pressure. Preventative replacement costs $3,000-$5,000, while catastrophic failure requires engine rebuilds exceeding $25,000[15].
Modern BMWs' complex electrical systems occasionally malfunction:
Most electrical issues resolve through software updates at BMW dealerships, though intermittent problems frustrate owners.
The ZF eight-speed automatic generally proves reliable, though some owners report:
MotorEasy warranty data shows the G30 5 Series (including M5) achieves only a 39% reliability rating as of January 2025[17]. Suspension problems account for nearly one-third of all warranty repairs, while engine issues constitute over one-quarter of problems with average repair costs approaching $1,500[17].
Despite these concerns, owner satisfaction remains generally high. Enthusiast forums show M5 owners accept the trade-offs inherent in high-performance machinery, provided they budget for maintenance and potential repairs[4].
For buyers concerned about reliability, understanding insurance considerations for high-value vehicles becomes particularly important.
BMW provides competitive warranty coverage for the 2023 M5:
This coverage matches most luxury competitors, though brands like Genesis offer longer warranties.
BMW includes free scheduled maintenance for 3 years/36,000 miles—shorter than some luxury rivals but still valuable[2]. This covers:
After the complimentary period expires, maintenance costs escalate significantly. Annual service expenses for M5s typically range $2,000-$3,000.
Given the F90 M5's reliability concerns, extended warranty coverage merits serious consideration. Third-party warranties covering rod bearings, turbochargers, and electrical systems provide peace of mind, particularly for buyers planning extended ownership beyond the factory warranty period[16].
Compelling Strengths:
Notable Weaknesses:
The 2023 M5 suits specific buyer profiles:
Certain buyers should explore competitors:
The E63 S represents the M5's most direct competitor:
| Specification | E63 S | M5 Competition |
|---|---|---|
| Engine | 4.0L twin-turbo V8 | 4.4L twin-turbo V8 |
| Horsepower | 603 hp | 617 hp |
| Torque | 627 lb-ft | 553 lb-ft |
| 0-60 mph | 3.3 seconds | 2.8 seconds |
| Fuel Economy | 16/23 mpg | 15/21 mpg |
The E63 S delivers a throatier exhaust note and more dramatic styling, though the M5 edges ahead in outright acceleration[19].
American muscle challenges German engineering:
The Blackwing sacrifices luxury refinement for driving engagement, appealing to purists over comfort-seekers.
The RS7 offers unique advantages:
Porsche brings sports car precision to the sedan segment:
As of October 2025, used 2023 M5 values show interesting trends:
| Condition | Price Range | Typical Mileage |
|---|---|---|
| Average Examples | $64,952-$79,433 | 40,000-50,000 miles |
| Low-Mileage Examples | $86,500-$95,995 | 13,000-18,000 miles |
| Trade-In Value | ~$59,882 | Average condition |
| Private Party | ~$62,379 | Average condition |
| Dealer Retail | ~$65,194 | Average condition[20] |
The used market reflects strong demand for final F90 generation examples, particularly Competition models with desirable options and colors.
Prospective used M5 buyers should prioritize:
Critical Inspection Points:
BMW's CPO program provides valuable protection:
The CPO premium typically adds $3,000-$5,000 to purchase price but may prove worthwhile given potential repair costs.
The F90 M5 demonstrates relatively strong depreciation resistance compared to other luxury performance sedans. BMW Blog analysis identifies the F90 as potentially "the best performance bargain on the used market" as of late 2024[21]. The 2023 model year's significance as the final F90 may support stronger long-term values, particularly for well-maintained Competition examples in desirable colors.
At $117,495 for a Competition-equipped example, the 2023 M5 delivers 617 horsepower and 2.8-second 0-60 mph performance—representing strong value in the six-figure performance sedan segment[18]. It outperforms most competitors in straight-line acceleration while maintaining genuine daily usability that separates it from track-focused supercars.
The M5's significance as the last traditional, non-hybrid M5 adds intangible collector appeal. As automotive electrification accelerates, naturally aspirated and non-hybrid performance cars increasingly attract enthusiast attention.
The 2023 F90 holds several advantages over the 2024 G90 successor:
| Factor | 2023 F90 | 2024 G90 |
|---|---|---|
| Weight | 4,096 lbs | 5,251 lbs |
| Horsepower | 617 hp | 717 hp |
| Complexity | Simpler V8-only | PHEV with battery |
| Starting Price | $108,895 | $123,275 |
| Driving Feel | More engaging | More clinical |
The 1,155-pound weight penalty of the G90 fundamentally alters the M5's character, sacrificing the agility and responsiveness that defined previous generations[8].
Prospective M5 owners should approach long-term ownership with realistic expectations. Extended warranty coverage protecting rod bearings and turbochargers merits serious consideration[16]. Regular maintenance following BMW's severe service schedule—rather than normal service intervals—extends engine longevity. Strong enthusiast community support through forums like M5POST provides troubleshooting resources and shared experiences[22].
The 2023 M5 excels as:
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