Summary

• With 1,447 currently listed for sale and an average price of $39,241.00, 34.0% of 2023 BMW 5 Series models for sale on CarGurus are rated as good or great deals.

• Favorably reviewed: Owners rated the 2023 BMW 5 Series 5 / 5 stars.

• 88.3% of 2023 BMW 5 Series models on CarGurus are accident free.

Why it stands out

The 2023 BMW 5 Series sits in the seventh generation of the nameplate, and it comes across as a luxury sedan that still keeps some of BMW’s traditional verve. The source describes this generation as more comfortable than the 5 Series of old, with steering that is less precise or engaging than earlier versions, but it also notes that it remains more fun to drive than many staid competitors. That balance is part of its appeal: it is still a 5 Series, but one that has shifted toward refinement and everyday luxury.

For 2023, BMW’s G30 5 Series carried over without major changes. The lineup included the 530i, 540i, 530e, and M550i xDrive, with the 530i using a 2.0-liter four-cylinder engine rated at 248 horsepower and 258 pound-feet of torque, and the 540i using a 3.0-liter twin-turbo inline six with 335 horsepower and 332 pound-feet of torque. The 530e plug-in hybrid paired a 2.0-liter four-cylinder engine with an 11-kW battery pack for 248 horsepower, 310 pound-feet of torque, and up to 16 miles of electric range, while the M550i xDrive used a 4.4-liter turbocharged V8 with 456 horsepower and 480 pound-feet of torque. BMW also offered plenty of safety equipment, and every model came standard with blind spot monitoring, lane departure warnings with lane keep assist, rear cross-traffic alerts, traffic sign recognition, and automatic high beams.

Inside, the 2023 5 Series emphasized technology, but not always in the most user-friendly way. It used a 10.2-inch screen running iDrive 6, controlled by a click wheel, and the source notes that BMW’s systems can be complex to learn. That complexity is one of the car’s drawbacks, along with the fact that some of BMW’s best safety systems remained optional, including adaptive cruise control, surround view monitoring, and a hands-free parking system. Even so, the 2023 5 Series remains appealing for buyers who want a well-equipped midsize luxury sedan with strong performance, a broad range of powertrains, and a reputation for being more engaging than many of its rivals.

Other model years to consider

• 2022 BMW 5 Series

  • Average price: $34,375.00
  • Good/great deal percentage: 34.3%
  • User rating: 5 / 5
  • Total listings: 1,587

• 2018 BMW 5 Series

  • Average price: $18,574.00
  • Good/great deal percentage: 32.6%
  • User rating: 4.95 / 5
  • Total listings: 1,445

• 2019 BMW 5 Series

  • Average price: $20,465.00
  • Good/great deal percentage: 32.9%
  • User rating: 4.89 / 5
  • Total listings: 1,404

This analysis is based on CarGurus' proprietary market data from August 17, 2026, CarGurus experts' opinions, and generative AI.