2023 BMW M cars get big price increases across the board

BMW just dropped its full 2023 model year pricing guide, and while prices are generally up across the board, we couldn’t help but notice the extra-fat increases to all of BMW’s M models.

Starting with the 2023 BMW M3, the base manual model is up $2,700 versus the 2022 model. Meanwhile, the M3 Competition models (RWD and xDrive) are both up $3,700. The M4 and M4 Competition price increases mirror the M3’s, too. This makes the new base price of an M3 $73,795, and the M4’s basement price is $75,695.

If you’re interested in the M5, know that the 2023 model is $4,200 more than the 2022 model, putting its new base price at $108,895. The desirable M550i even gets a steep increase of $3,100 for 2023.

On the extra-expensive side of M cars, there’s the just-refreshed M8. BMW dramatically dropped M8 prices — by up to $16,000 — for the 2022 model year, but they’re on the rise in 2023. The M8 Coupe and Gran Coupe are up $4,100 to give them a new $135,095 base price. Meanwhile, the M8 Convertible is up $4,200 for a new base price of $144,695. The Alpina B8 is also up for 2023, as it sees a $5,000 bump to its base price. We’ll note that these prices are still considerably lower than the 2020 model year, but they’re less of a bargain than they were in 2022.

Moving to M SUVs, prices are up, but not as dramatically as the sedans and coupes. The BMW X3 M, X4 M and X5 M all see $2,800 price increases for 2023. If you had your eyes on an X6 M, we’re sorry to say that it gets the greatest increase of all the SUVs, going up $4,100 to a new base price of $114,695. Lastly, the BMW iX M60’s price is already going up, and its new starting point is $109,895, or $3,800 more than was previously announced.

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