Summary

• With 122 currently listed for sale and an average price of $74,214.00, 33.6% of 2023 BMW X5 Ms for sale on CarGurus are rated as good or great deals.

• Favorably reviewed: Owners rated the 2023 BMW X5 M 5 / 5 stars.

• 87.7% of 2023 X5 M models on CarGurus are accident free.

• The 2023 BMW X5 M is a powerful luxury SUV, featuring a blend of sporty performance with a comfortable and spacious interior.

Why it stands out

The 2023 BMW X5 M earns its distinct place in the luxury SUV segment thanks to its exceptional combination of power, practicality, and performance. As part of the fourth-generation X5 lineup, it comes equipped with a potent engine that emphasizes the brand's commitment to driving pleasure. It has been designed to cater to enthusiasts who expect luxury along with dynamic handling. Inside, the spacious and well-appointed cabin provides ample comfort for five passengers, enhanced by BMW's innovative technology and infotainment features.

However, while the performance is superb, potential buyers should be aware of the X5 M’s relatively high operating costs, particularly concerning fuel economy for V8 versions. Despite some concerns over reliability, many of the recent models—including the 2023 variant—have shown improvements. This SUV is well-suited for those looking to enjoy spirited drives without sacrificing daily practicality.

Other model years to consider

• 2022 BMW X5 M

  • Average price: $67,071.00
  • Good/great deal percentage: 35.6%
  • User rating: 5 / 5
  • Total listings: 146

• 2021 BMW X5 M

  • Average price: $61,640.00
  • Good/great deal percentage: 31.6%
  • User rating: 3.6 / 5
  • Total listings: 117

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This analysis is based on CarGurus' proprietary market data from March 30, 2026, CarGurus experts' opinions, and generative AI.