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Up and up! BMW Australia increases pricing across entire line-up for the second time this year

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The updated BMW X5 and X6 are the only models to change specification in this round of price increases.
The updated BMW X5 and X6 are the only models to change specification in this round of price increases.
Chris Thompson
Journalist
2 May 2023
4 min read

The BMW Australia range has been subjected to a significant pricing increase for the second time in 2023, with only a few variants managing to escape the bump.

With some models’ pricing increased by as much as $9000, the pricing adjustments have been applied to almost every model except for the non-M 4 Series, which had its pricing adjusted quite recently, as well as the brand’s electric SUV iX models.

Also excluded from the pricing adjustments are the updated BMW X5 and X6 SUVs, which had new prices confirmed in February this year to reflect a change in specification.

At the time, the increased pricing for the X5 and X6 range was bumped up by $8000 over the old model (to start from $134,900 before on-roads for the X5 xDrive30d). Electrification and tech updates are the main changes for the new 2023 models.

The only model in this round of pricing updates to have a feature or specification change is the X7 xDrive40d which gains a light-up 'glowing' kidney grille.

In January, BMW Australia adjusted pricing across the range by thousands of dollars for each model, with some up by as much as $11,500, though models that had increased prices were also subject to updates like the addition of head-up displays in some variants or heated steering wheels in M models.

The X7 xDrive40d gains a light-up 'glowing' kidney grille.
The X7 xDrive40d gains a light-up 'glowing' kidney grille.

A spokesperson for BMW Australia told CarsGuide the adjustments still aim to ensure competitive pricing for its customers.

“BMW constantly reviews its pricing structure throughout the year, taking into consideration a number of different factors,” they said.

“However, we always aim to ensure our products remain appropriately positioned and represent a competitive pricing proposition in the market for our customers.”

A full list of pricing updates can be found below.

2023 BMW 1 Series pricing before on-road costs

Variant

Transmission

Price

118i

Automatic

$54,800 (+$900)

128ti

Automatic

$61,900

M135i xDrive

Automatic

$76,600 (+$1300)

The 2023 BMW 118i hatchback in automatic guise has a price tag of ,800 (+0) before on-road costs.
The 2023 BMW 118i hatchback in automatic guise has a price tag of ,800 (+0) before on-road costs.

2023 BMW 2 Series pricing before on-road costs

Variant

Transmission

Price

220i

Automatic

$68,800 (+$1100)

230i

Automatic

$74,300 (+$1100)

M240i xDrive

Automatic

$96,000 (+$1100)

218i Gran Coupe

Automatic

$62,100 (+$900)

220i Gran Coupe

Automatic

$65,200 (+$900)

M235i xDrive Gran Coupe

Automatic

$83,800 (+$1300)

M2 Coupé

Automatic/Manual

$121,700 (+$1800)

The 2023 M240i xDrive in automatic guise has a price tag of ,000 (+00) before on-road costs.
The 2023 M240i xDrive in automatic guise has a price tag of ,000 (+00) before on-road costs.

2023 BMW 3 Series pricing before on-road costs

Variant

Transmission

Price

320i

Automatic

$80,200 (+$1300)

330i

Automatic

$94,700 (+$1300)

330e

Automatic

$98,700 (+$1300)

M340i xDrive

Automatic

$106,200 (+$1300)

M3 Sedan

Manual

$161,300 (+$2500)

M3 Competition Sedan

Automatic

$171,600 (+$2500)

M3 Competition Sedan M xDrive

Automatic

$177,800 (+$2500)

M3 CS

Automatic

$249,900

330i Touring

Automatic

$98,900 (+$1500)

M3 Competition Touring M xDrive

Automatic

$180,100 (+$2600)

The 2023 M340i xDrive in automatic guise has a price tag of 6,200 (+00) before on-road costs.
The 2023 M340i xDrive in automatic guise has a price tag of 6,200 (+00) before on-road costs.

2023 BMW 4 Series pricing before on-road costs

Variant

Transmission

Price

420i Coupé

Automatic

$81,100

430i Coupé

Automatic

$104,700

M440i xDrive Coupé

Automatic

$132,100

M4 Coupé

Manual

$166,500 (+$2600)

M4 Competition Coupé

Automatic

$176,900 (+$2600)

M4 Competition Coupé M xDrive

Automatic

$183,100 (+$2600)

420i Convertible

Automatic

$100,400

430i Convertible

Automatic

$119,600

M440i xDrive Convertible

Automatic

$148,400

M4 Competition Convertible M xDrive

Automatic

$194,600 (+$2800)

420i Gran Coupe

Automatic

$83,500

430i Gran Coupe

Automatic

$93,700

M440i xDrive Gran Coupe

Automatic

$129,000

i4 eDrive40

Automatic

$102,900 (+$3000)

i4 M50

Automatic

$133,900 (+$4000)

The 2023 M440i xDrive Gran Coupe in automatic guise stays at 9,000, before on-road costs.
The 2023 M440i xDrive Gran Coupe in automatic guise stays at 9,000, before on-road costs.

2023 BMW 5 Series pricing before on-road costs

Variant

Transmission

Price

520i

Automatic

$107,700 (+$2000)

530i

Automatic

$128,300 (+$2000)

530e

Automatic

$127,400 (+$2000)

530d

Automatic

$131,400 (+$2000)

M550i xDrive Pure

Automatic

$154,000 (+$2000)

M550i xDrive

Automatic

$169,000 (+$2000)

M5 Competition

Automatic

$273,600 (+$4000)

The 2023 BMW 530e in automatic guise increases by 00 to 7,400, before on-road costs.
The 2023 BMW 530e in automatic guise increases by 00 to 7,400, before on-road costs.

2023 BMW 7 Series pricing before on-road costs

Variant

Transmission

Price

740i

Automatic

$272,900 (+$4000)

i7 xDrive60

Automatic

$306,900 (+$9000)

The 2023 740i in automatic guise increases by 00 to 2,900, before on-road costs.
The 2023 740i in automatic guise increases by 00 to 2,900, before on-road costs.

2023 BMW 8 Series pricing before on-road costs

Variant

Transmission

Price

840i Convertible

Automatic

$212,600 (+$3200)

M850i xDrive Convertible

Automatic

$307,100 (+$3200)

M8 Competition Coupé

Automatic

$380,000 (+$5600)

840i Gran Coupé

Automatic

$194,000 (+$3200)

M850i xDrive Gran Coupé

Automatic

$294,900 (+$3200)

M8 Competition Gran Coupé

Automatic

$377,000 (+$5600)

The 2023 M8 Competition Coupé in automatic guise increases by 00 to 0,000, before on-road costs.
The 2023 M8 Competition Coupé in automatic guise increases by 00 to 0,000, before on-road costs.

2023 BMW X1 pricing before on-road costs

Variant

Transmission

Price

X1 sDrive18i

Automatic

$60,400

X1 xDrive20i

Automatic

$70,400

iX1 xDrive30

Automatic

$84,900

The 2023 iX1 xDrive30 in automatic guise has a price tag of ,900, before on-road costs.
The 2023 iX1 xDrive30 in automatic guise has a price tag of ,900, before on-road costs.

2023 BMW X2 pricing before on-road costs

Variant

Transmission

Price

X2 sDrive18i

Automatic

$53,500 (+$900)

X2 sDrive20i

Automatic

$65,200 (+$900)

X2 M35i

Automatic

$78,800 (+$900)

The 2023 X2 M35i in automatic guise increases by 0 to the new price of ,800, before on-road costs.
The 2023 X2 M35i in automatic guise increases by 0 to the new price of ,800, before on-road costs.

2023 BMW X3 pricing before on-road costs

Variant

Transmission

Price

X3 sDrive20i

Automatic

$83,100 (+$1400)

X3 xDrive20d

Automatic

$86,100 (+$1400)

X3 xDrive30i

Automatic

$97,900 (+$1400)

X3 xDrive30d

Automatic

$104,300 (+$1400)

X3 xDrive30e

Automatic

$111,800 (+$1400)

X3 M40i

Automatic

$126,800 (+$1400)

iX3

Automatic

$104,900

X3 M Competition

Automatic

$178,000 (+$2700)

The 2023 iX3 in automatic guise has a price tag of 4,900, before on-road costs.
The 2023 iX3 in automatic guise has a price tag of 4,900, before on-road costs.

2023 BMW X4 pricing before on-road costs

Variant

Transmission

Price

X4 xDrive20i

Automatic

$95,700 (+$1600)

X4 xDrive30i

Automatic

$106,400 (+$1600)

X4 M40i

Automatic

$135,200 (+$1600)

X4 M Competition

Automatic

$185,200 (+$2700)

The 2023 X4 M40i in automatic guise has a new price tag of 5,200 (+00), before on-road costs.
The 2023 X4 M40i in automatic guise has a new price tag of 5,200 (+00), before on-road costs.

2023 BMW X5 pricing before on-road costs

Variant

Transmission

Price

X5 xDrive30d xLine

Automatic

$134,900

X5 xDrive30d M Sport

Automatic

$134,900

X5 xDrive40i

Automatic

$138,900

X5 xDrive50e

Automatic

$149,900

X5 M60i

Automatic

$172,900

X5 M Competition

Automatic

$241,900

The 2023 X5 xDrive50e in automatic guise has a price tag of 9,900, before on-road costs.
The 2023 X5 xDrive50e in automatic guise has a price tag of 9,900, before on-road costs.

2023 BMW X6 pricing before on-road costs

Variant

Transmission

Price

X6 xDrive30d

Automatic

$140,900

X6 xDrive40i

Automatic

$144,900

X6 M60i

Automatic

$178,900

X6 M Competition

Automatic

$247,900

The 2023 X6 M Competition in automatic guise has a price tag of 7,900, before on-road costs.
The 2023 X6 M Competition in automatic guise has a price tag of 7,900, before on-road costs.

2023 BMW X7 pricing before on-road costs

Variant

Transmission

Price

X7 xDrive40d

Automatic

$174,900 (+$8000)

X7 M60i

Automatic

$205,900 (+$8000)

The 2023 X7 M60i in automatic guise has a price increase of 00.
The 2023 X7 M60i in automatic guise has a price increase of 00.

2023 BMW Z4 pricing before on-road costs

Variant

Transmission

Price

Z4 sDrive20i

Automatic

$99,200 (+$1600)

Z4 M40i

Automatic

$139,800 (+$1600)

The 2023 Z4 M40i in automatic guise has a price increase of 00.
The 2023 Z4 M40i in automatic guise has a price increase of 00.

2023 BMW iX pricing before on-road costs

Variant

Transmission

Price

iX xDrive40

Automatic

$135,900

iX xDrive40 Sport

Automatic

$141,900

iX xDrive50 Sport

Automatic

$180,400 (+$5500)

iX M60

Automatic

$228,400 (+$5500)

The 2023 iX M60 in automatic guise will now set you back 8,400 (+00), before on-road costs.
The 2023 iX M60 in automatic guise will now set you back 8,400 (+00), before on-road costs.

2023 BMW XM pricing before on-road costs

Variant

Transmission

Price

XM

Automatic

$302,200 (+$4300)

Chris Thompson
Journalist
Racing video games, car-spotting on road trips, and helping wash the family VL Calais Turbo as a kid were all early indicators that an interest in cars would stay present in Chris’ life, but loading up his 1990 VW Golf GTI Mk2 and moving from hometown Brisbane to work in automotive publishing in Melbourne ensured cars would be a constant. With a few years as MOTOR Magazine’s first digital journalist under his belt, followed by a stint as a staff journalist for Wheels Magazine, Chris’ career already speaks to a passion for anything with four wheels, especially the 1989 Mazda MX-5 he currently owns. From spending entire weeks dissecting the dynamic abilities of sports cars to weighing up the practical options for car buyers from all walks of life, Chris’ love for writing and talking about cars means if you’ve got a motoring question, he can give you an answer.
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