2024 BMW X5: Model Preview & Release Date

Sean Kaufman
Automotive Contributor - November 22, 2022
2022 BMW X5

Model Preview

The BMW X5 is set to receive a major refresh in 2023 for the 2024 model year. We haven’t seen an official announcement regarding the update, but here’s what we know so far about the future of BMW’s mid-size luxury SUV.

The current X5 has been on sale since 2018 with little changes, so we’re not surprised an update is in the works. Notably, BMW is making changes to the X5’s model lineup. The current M50i will be upgraded and replaced by the M60i.

According to spy shots from Motor1, the updated high-end trim will sport sporty M-style mirrors and a chrome exhaust. In addition to other aesthetic tweaks to the bumpers and lighting, the 2024 X5 will get new wheels. The 2024 X5’s interior is still a mystery, but the inclusion of BMW’s new curved iDrive 8-capable screen is a reasonable assumption.

The 2024 X5 M60i will also receive upgrades under the hood. The existing 4.4L V8 will be receiving a mild hybrid system, boosting power output to 530 hp and torque to 553 lb-ft. The range-topping X5 M, on the other hand, is expected to retain its internal combustion-only powertrain. Its S63 V8 makes up to 617 hp in the current X5 Competition.

BMW is yet to announce a release date for the 2024 X5, but we’re expecting it sometime next year. Pricing has also yet to be revealed, but an incremental increase over the outgoing model is more or less the industry standard. Current X5 pricing starts at $62,595 (with destination) for a rear-wheel drive S40i and reaches $109,895 for the X5 M.

Although still a strong performer, the current X5 is starting to show its age, and BMW will address this with its upcoming update. The 2024 X5 will compete with the Audi Q8, Genesis GV80, Porsche Cayenne, and Volvo XC90.

Source: Motor1

Pictured: 2022 BMW X5

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