2023 BMW M5 — Carivo review carivo.co
Sedan

2023 BMW M5

Independent review & score by Carivo

Price Range $102,238–$118,778
Fuel Economy 17 MPG
Seating 5 passengers
Category Sedan
Est. Annual Fuel $3,088/yr

Key Specifications — 2023 BMW M5

Seating Capacity5 passengers
Body StyleSedan
Base Price$102,238–$118,778

Source: EPA FuelEconomy.gov & manufacturer data. Figures reflect base trim; actual specs vary by trim level.

About the 2023 BMW M5

With an overall Carivo score of 7.5/10, the 2023 BMW M5 earns a Recommended rating among the sedans we've scored. Its strongest dimension is Performance at 9.3/10, while Value at 6.0/10 is where it trails the competition most noticeably. It's a solid all-rounder that delivers across most dimensions without obvious deal-breakers.

Reliability and safety are the two dimensions that matter most for long-term ownership costs. We rate reliability at 6.3/10 — below the segment average in our scoring. Budget for potentially higher maintenance costs and check the recall record below before buying. On safety it earns 7.8/10: respectable, if not class-leading — several competitors bundle more driver-assist tech as standard. Check your trim's official ratings at nhtsa.gov.

The 9.3/10 performance score reflects a chassis and powertrain that punch above the segment norm — this is a sedan you choose partly for the drive itself. Technology scores 8.6/10 — one of the stronger tech packages in the segment. Expect a responsive infotainment system, broad smartphone integration, and a solid suite of driver-assistance features.

Priced from $102,238–$118,778, 17 MPG, seating 5, the BMW M5 sits in the luxury tier of the sedan market. The value score of 6.0/10 is a red flag — comparable alternatives offer meaningfully more for the same outlay. Shop the segment before deciding. At 3 years old, it's worth checking whether a newer generation or refresh has addressed any weaker dimensions — compare it to the current model year before buying.

Bottom line: Think of the 2023 BMW M5 as the dependable pick rather than the exciting one. Its softer scores in reliability and value are the only real asterisks. Shoppers who value predictability over headlines will be well served.

Carivo scores are our own editorial assessment, informed by NHTSA safety and recall records, EPA fuel-economy figures, and manufacturer-published specifications. Scores are reviewed periodically and updated when new data becomes available. See our full methodology →

How It Ranks Among Sedans

The 2023 BMW M5 ranks #585 of 1310 sedans in the Carivo database — better than 55% of the segment. Its 7.5/10 overall score is exactly at the segment average of 7.5/10. Its $102,238 starting price is about 270% above the segment's median of $27,664.

Rankings are recalculated as new vehicles and scores are added. See the full Sedan ranking →

Which M5 Year Should You Buy?

Smart-money pick: the 2020 BMW M5 scores 7.5/10 — within striking distance of the 2023's 7.5 — and starts roughly $9,500 lower. If you don't need the newest model year, that's money better spent on a higher trim or kept in your pocket.

YearScoreStarting price (MSRP when new)
2026 7.7/10$108,562 Read review →
2025 7.7/10$108,562 Read review →
2024 7.7/10$105,400 Read review →
2023 (this review) 7.5/10$102,238
2022 7.5/10$99,076 Read review →
2021 7.5/10$95,914 Read review →
2020 7.5/10$92,752 Read review →
2019 7.4/10$89,590 Read review →
2018 7.3/10$86,428 Read review →
2017 7.3/10$83,266 Read review →
2016 7.2/10$80,104 Read review →
2015 7.2/10$76,942 Read review →

Pros & Cons — 2023 BMW M5

✓ What it does well

  • Strong safety ratings from NHTSA and independent testers
  • Engaging driving dynamics with class-leading power and handling
  • Best-in-class infotainment, driver assistance, and connectivity features

✗ Where it falls short

  • Below-average reliability data — factor in potential repair and maintenance costs
  • Value-for-money is a weak point; comparable alternatives offer more for the price
  • Fuel economy at 17 MPG is low — running costs will add up quickly
  • Premium price bracket — make sure the score justifies the outlay vs. segment alternatives

More BMW Reviews

Explore the full lineup of BMW models scored by Carivo — ranked by overall score across reliability, safety, value, performance, and technology.