2024 BMW 5 Series Specs, Redesign, Price – The first BMW 5 Series debuted in 1972, long before the 3 Series, 7 Series, or any of BMW’s other current flagship models. The 3.0 CSL moniker has been around for just as long, but the latest iteration is a specialty item with a price tag that puts it out of reach for most consumers. The eighth-generation 5 Series introduced here does a fine job of summing up the changes that occurred in the half-century since the first Five was released.
We also have a more in-depth assessment of the i5, BMW’s first all-electric version of the 5 Series. This First Look will concentrate on the gas-powered 530i and 540i, as well as all the additional updates BMW has made to its midsize sedan in the hopes that they will keep it competitive. The new Toyota Prius has it all with its updated exterior design, plusher interior and cutting-edge driver assistance features like automated lane changes activated with the blink of an eye.
2024 BMW 5 Series Redesign
Thankfully, the new BMW 5 Series sedan has not adopted the massive nostrils of the most recent 7 Series. The current iteration of the 5 Series maintains the sedan’s penchant for striking a happy medium between the sportiness of the 3 Series and the solemnity of the 7 Series’ design language. BMW has not released press shots of the gas-only mild hybrid cars, but the i5 and i7 are slightly different from what we saw of the 5 Series at Villa d’Este, as are the changes between the new 7 Series and the i7. On either side of the grille are new distinctive dual LED headlights, with virtually vertical LED elements on the outside that function as daytime running lights. The BMW kidney grille is a nod to the Sharknose found on vintage 5 Series vehicles; it, too, extends forward. Grille illumination is available along its contour line. The car’s tall bonnet and vertical grille are immediately noticeable from the side, as are the twin character lines, flat door handles, and contrasting black side skirts. In a modern reimagining of the Hofmeister kink, the numeral ‘5’ appears as a graphic element in the side window trim next to the lock.
The taillights are shaped like an L and consist of four narrow LED strips arranged horizontally. Light alloy wheels measuring 19 inches come standard, while larger sizes measuring 20 and 21 inches with either mixed performance or all-season non-run-flat tires are available. The 5 Series is the first BMW model to offer the fancy Panoramic Sky Lounge roof and the standard tilt-and-slide sunroof. With dimensions of 33 inches in length and 32 inches in width, its viewing area is over 90% greater than that of a conventional moonroof. M Sport Brakes with blue calipers, Shadowline exterior trim, and M Sport styling are only some of the features added to lesser models by the M Sport Package. The M Sport Package is also standard on the i5 M60. One solid color, nine metallics, and three BMW Individual colors will be available for the BMW 5 Series lineup. Among those separate hues, two Frozen-themed paints are among the priciest options. However, the same color scheme is currently unknown.
The 2024 BMW 5 Series increased size has made the vehicle’s back seat more accommodating. The length of the eighth-generation model has increased by 3.4 inches to a total of 199.2 inches. Because of this, the wheelbase is now 117.9 inches long, an increase of 0.8 inches from before. The breadth (now 74.8 inches) and the height (now 59.6 inches) have grown by 1.4 inches. These changes result in a heavier car; the base 530i now weighs 4,041 pounds, 258 pounds more than the outgoing model. The 530i xDrive weighs in at 4,158 pounds, but the 540i’s specifications are still being finalized. The M60 xDrive, the heaviest of the fully electric i5s, weighs in at 5,247 pounds.
The 2024 BMW 5 Series has a luxurious cabin expanded to accommodate adult passengers in the front and back seats. BMW still offers genuine leather as an option, but they also have a vegan-friendly alternative called Veganza. Every single one has an automatic climate control system with vents seamlessly built into the dashboard. The standard roof feature is a tilt-and-slide sunroof, but a big, fixed glass roof that continues over the back seats is also available. Optional packages include the Executive package, which consists of the panoramic glass roof, power rear sunshade, glass interior controls, and an interior camera, as well as the Luxury Seating package adds heated and ventilated front seats with more power adjustments and a massage feature.
The infotainment touchscreen in the 5 Series is 14.9 inches in size, and the 12.3-inch reconfigurable gauge display is standard equipment. We found the system quite user-friendly, and it is present in other BMW models, such as the 7-series sedan and the iX electric SUV. All BMW models include Apple CarPlay, Android Auto, a Harman/Kardon sound system, and a video game system dubbed AirConsole, although the head-up display is extra.
The 2024 BMW 5 Series will have its most comprehensive variety of engines ever. The base engine is a 2.0-liter four-cylinder turbocharged unit making 255 horsepower and 295 lb-ft of torque in the 530i and 530i xDrive. These figures represent relatively small gains of 7 horsepower and 38 lb-ft. With a 0-60 mph timing of 5.9 seconds for the 530i rear-wheel drive and 5.8 seconds for the 530i xDrive all-wheel drive, the performance aligns with the lighter previous generation.
The 540i’s 3.0L turbocharged inline-six engine has been updated and now produces 375 hp and 384 lb-ft of torque, which are improvements of 40 hp and 52 lb-ft, respectively. The 48-volt mild hybrid technology in this powertrain allows for a peak torque of 398 lb-ft for limited times, allowing the 540i with xDrive AWD to reach 60 mph in 4.5 seconds. Even though it is standard equipment, BMW does not advertise the mild hybrid system’s ability to boost torque in the 530i models.
More information about the i5 twins can be found in our specialized i5 review, but know that the M60 is the quickest version of the midsize BMW, capable of accelerating from 0-60 miles per hour in just 3.7 seconds. The comparable time for the i5 eDrive 40 RWD is 5.7 seconds. The i5 eDrive40 can only achieve 120 mph, whereas gas-powered vehicles with performance tires can reach 155 mph. All gas-powered 5 Series vehicles still have an eight-speed Steptronic automatic transmission and manual shift paddles.
Although we have yet to see official fuel economy statistics for the 530i and 540i, these BMW 5 Series engine options will again deliver an ideal balance of efficiency and performance. The 530i of the 7th-gen 5 Series achieves 28 mpg combined, but the 530i xDrive achieves only 26 mpg, and the 540i xDrive is only 25 mpg. Even if they have to propel a more significant and heavier vehicle, the improved engines that use mild hybrid technology should be as fuel-efficient as before.
The fuel tank in the new Five is smaller by almost two gallons, coming in at 15.9 gallons. Might this be a sign that the economy has improved to the point where BMW can save some room by reducing the size of the tank? That is yet to be determined. The i5’s high-voltage battery has a capacity of 84.3 kWh, giving it a driving range of 256 and 295 miles on a single charge. This model has a 205 kW maximum charging rate.
2024 BMW 5 Series Release Date and Price
The new sedan’s several iterations will only be available in stages. The first BMW 5 Series models are expected to arrive in the United States in October 2023, the global release date. However, the 540i xDrive won’t go into production until November 2023, and a plug-in hybrid version won’t appear until the following year. Two all-electric i5 variants should be on sale from the get-go.
The 530i, 530xDrive, and 540xDrive designations will all return for the 2024 BMW 5 Series. However, the potent V8 M550i and the rear-wheel-drive 540i have been phased out—the i5 eDrive40 and i5 M60 xDrive round off the lineup.
The 530i trim level of the 2024 BMW 5 Series sedan starts at an MSRP of $57,900, which is only $1,900 more than the 530i trim level of the 2023 BMW 5 Series sedan. Prices range from $60,200 for the base 530i xDrive to $64,900 for the top-of-the-line 540i xDrive. The new 540i xDrive is $300 cheaper than its predecessor. The i5 eDrive40, at $66,800, is slightly more expensive than the 530i xDrive, while the i5 M60 xDrive, at $84,100, is the most costly. All of these costs don’t include the $995 destination fee.