The 2023 BMW 3-Series gets a mid-cycle refresh with updated exterior styling and updated interior infotainment technology. In light of the 3-Series’ 50th anniversary, the M340i is offered with a BMW emblem in blue, violet, and red, reminiscent of the brand’s original trademark and what we associate with its performance models.
Choosing Your BMW 3-Series
The 2023 BMW 3-Series sedan is offered in five trims, the 330i, 330e, M340i, and the high-performance M3 and M3 Competition. Prices range from $43,295 to $77,695. Sadly, the M3 Touring (station wagon) is not planned for the U.S. market.
As a plug-in hybrid, the BMW 330e is eligible for a federal EV tax credit. In some states, the PHEV may also qualify for additional plug-in incentives. As a result, the effective cost of a 330e may be significantly lower than it looks on paper.
2023 BMW 3-Series powertrains are essentially carryovers from the previous model year. The M3 features a six-speed manual while the M3 Competition models use an eight-speed automatic, as does the rest of the line-up.
Despite the improved efficiency of the 330e, its smaller fuel tank limits the overall range to less than 300 miles - a distance that the gasoline four-cylinder can exceed by about 150 miles, the EPA estimates. The M340i features a mild-hybrid 48V electrical system that helps extend engine off periods and fast restarts.
All-wheel drive is available on all trims for $2,000 while the more advanced unit offered on the M3 Competition ($4,100) offers additional performance modes including a rear-wheel-drive-only setting.
|Trim||Engine Type||Horsepower||Torque||Fuel Economy (City/Highway/Combined)|
|330i||2.0L Turbo 4-Cylinder||255 hp||294 lb-ft|
AWD: 25/34/28 mpg
|330e||2.0L Turbo 4-Cylinder Plug-In Hybrid||288 hp||310 lb-ft|
75 MPGe, 23 mi range
AWD: 67 MPGe, 20 mi range
|M340i||3.0L Turbo 6-Cylinder, mild-hybrid||382 hp||368 lb-ft||AWD: 23/ 32/ 26 mpg|
|M3||3.0L Turbo, 6-Cylinder|
Competition: 503 hp
Competition: 479 lb-ft
6MT/ 8AT: 16/ 23/ 19 mpg
AWD: 16/ 22/ 18 mpg
Passenger and Cargo Capacity
The 2023 BMW 3-Series seats five and is relatively roomy compared to its competition. In 330i form, the trunk measures 17 cubic feet which is reduced to 13 in the 330e and the M3.
The 2023 BMW 3-Series continues its format of providing only the basic driving assist features such as automatic emergency braking, automatic high beams, and lane departure warning while offering blind-spot detection, parking sensors, and a more advanced emergency braking system through the Driving Assist Package for $700.
The M340i and the M3 Competition offer the Driving Assistance Professional Package for $1,700 which includes adaptive cruise control with traffic-jam assist, assisted lane changes,
One of the most significant updates of the 3-Series is the adoption of a 14.9-inch curved infotainment display with BMW’s latest infotainment system and BMW navigation. It can be operated by the natural-speech recognition software, through the touchscreen, or via a physical console-mounted controller and it incorporates wireless Apple CarPlay and Android Auto, and SiriusXM. Sound is generated through 10 speakers or 16 speakers when fitted with the optional ($875) Harman Kardon system. A 5G Wi-fi hotspot is offered for $300.
2023 BMW 330i - MSRP From $43,295
The 3-Series’ new front and rear fascia, LED headlights, and taillights are joined by a long feature list that is familiar with previous years’ models. The 18-inch wheels, Shadowline exterior trim, power heated and folding mirrors, and a moonroof are among the exterior’s notables while the updated interior gains a 12.3-inch gauge cluster that curves seamlessly into the new infotainment system, ambient lighting, synthetic leather seats with power side bolster and leg extensions, a leather-wrapped steering wheel, and open-pore oak trim.
There are several notable packages. The $550 Convenience Package brings proximity entry, the $1,900 Premium Package adds heated seats, a heated steering wheel, and a head-up display (and requires the Driving Assistance Package), and the M Sport Package ($3,100) with its new-for-2023 exterior styling featuring chrome accents on the kidney grille, a large central air intake, and an M Sport rear apron with a large center diffuser element.
Inside, the performance package brings an M Sport Steering wheel, unique trim pieces, and a sport suspension which can be further upgraded with adaptive dampers through the $1,200 Dynamic Handling Package which also includes upgraded brakes and 19-inch wheels. The Shadowline trim is $1,300 and adds black exterior trim as well as upgraded headlights with dynamic corning while leather seats are a $1,500 option.
2023 BMW 330e - MSRP From $44,295
The 330e includes many of the same features as the 330i and offers similar optional packages. The Convenience and the Premium packages are priced the same while the M Sport Package is $2,550.
2023 BMW M340i - MSRP From $55,845
The more performance-oriented 340i wears the new design elements with distinctive grille trim, 18-inch wheels, a rear spoiler, and trapezoidal exhaust outlets.
Those new features are joined by M Sport brakes with blue calipers, an M Sport rear differential, revised steering, sport suspension, and proximity entry. It also uniquely offers the Cooling and High Performance package for $2,400 that adds additional cooling performance to the brakes and driveline as well as staggered 19-inch wheels with summer tires.
2023 BMW M3 - MSRP From $73,795
The M3 is not only enriched with more power, but it also gains a significant number of features. Unique aero-dynamically optimized exterior trim with race-ready cooling capacity, an M Sport rear differential, M steering, M driving dynamics, an aluminum front subframe, revised front suspension geometry, adaptive dampers, sport exhaust with chrome quad outlets, an aluminum hood, and lightweight trunk lid, M mirrors with auto-dimming and power-folding, M compound brakes, aluminum interior trim, M badging throughout, M steering wheel, and heated front sport seats with memory.
The Parking Assist package is still offered for $700 and the Executive Package ($1,550) adds a powered trunk lid, a head-up display, a synthetic-leather dash panel, and a heated steering wheel. Carbon bucket seats are $4,500, M Drive Professional with additional track modes and track performance analysis is $900, and M Carbon Ceramic Brakes are $8,500.
2023 BMW M3 Competition - MSRP From $77,695
The M3 Competition features all of the chassis upgrades found in the M3, 19-inch front and 20-inch rear wheels, and, because of its standard automatic transmission, it offers the Driving Assistance Professional Package for $1,700 and includes remote engine start within the Executive Package.
Compare 3-Series Trims Side-By-Side
The BMW 330i with the Premium and M Sport Packages adds the expected level of luxury with a BMW-level of performance to a practical and reasonably-priced package.