BMW Australia increases prices by up to $14,000, every model affected

German car-maker BMW continues to drive up the prices of its Australian line-up, with all 18 models impacted by the latest price hike.

German car-maker BMW has issued yet another round of considerable price rises to its range of cars in Australia, increasing the recommended retail cost of every model currently on sale in recent months by between $1800 and $14,000. 

BMW Australia has increased prices of its local model line-up several times in the past three years, including in June 2020, November 2020, February 2021, April 2022, August 2022 and January 2023.

In March 2023, Drive exclusively revealed the average price of BMW’s Australian cars had risen by 16.45 per cent between January 2019 and January 2023 – making it the 10th-highest ranked car company for price increases.

Now the Australian division of the German car-maker has again increased its prices, affecting all 18 models sold in BMW’s local showrooms.

MORE: The new cars beating price rises – and those hardest hit

The facelifted BMW X5 M and X6 M have undergone the biggest price increase

Out of the 89 BMW model variants in Australia, all but one have been impacted by the latest round of the price rises, with the i7 M60 xDrive avoiding the hikes as it only went on sale late last year.

While a handful of models have escaped with price increases of $1800 (such as the BMW M2), other vehicles such as the new X5 and X6 SUV have jumped by up to $14,000 – coinciding with the arrival of a facelift.

Below is a comprehensive list of all BMW models in Australia and their new prices, which includes a comparison to their most recent pricing.

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Note: All prices below exclude on-road costs.

2023 BMW X1 Australian pricing

• X1 sDrive 18i – $62,900 (up $9000)
• X1 xDrive 20i – $73,215 (up $7315)
• iX1 xDrive 30 – $88,146 (up $5246)

2023 BMW X2 Australian pricing

• X2 sDrive 18i – $56,000 (up $2500)
• X2 sDrive 20i – $67,700 (up $2500)
• X2 M35i – $82,050 (up $3250)

2023 BMW X3 Australian pricing

• X3 sDrive 20i – $86,350 (up $4650)
• X3 xDrive 20d – $89,350 (up $4650)
• X3 xDrive 30i – $101,150 (up $4650)
• X3 xDrive 30d – $107,551 (up $4651)
• iX3 – $108,150 (up $3250)
• X3 xDrive 30e – $115,050 (up $4650)
• X3 M40i – $130,051 (up $4651)
• X3 M Competition – $182,550 (up $7250)

2023 BMW X4 Australian pricing

• X4 sDrive 20i – $98,950 (up $4850)
• X4 xDrive 30i – $109,650 (up $4850)
• X4 M40i – $138,451 (up $4851)
• X4 M Competition – $189,750 (up $7250)

2023 BMW X5 Australian pricing

• X5 xDrive 30d – $134,900 (up $8000)
• X5 xDrive 40i – $138,900 (up $8000)
• X5 xDrive 50e – $149,900 (up $10,000 over xDrive 45e)
• X5 M60i – $172,900 (up $8000 over M50i)
• X5 M – $241,900 (up $14,000)

2023 BMW X6 Australian pricing

• X6 xDrive 30d – $140,900 (up $8000)
• X6 xDrive 40i – $144,900 (up $8000)
• X6 M60i – $178,900 (up $8000)
• X6 M – $247,900 (up $14,000)

2023 BMW X7 Australian pricing

• X7 xDrive 40d – $179,450 (up $12,550)
• X7 M60i – $210,450 (up $12,550)

2023 BMW iX Australian pricing

• iX iDrive 40 – $140,451 (up $4551)
• iX xDrive 50 Sport – $184,949 (up $4549)
• iX M60 – $232,950 (up $4550)

2023 BMW XM Australian pricing

• XM xDrive – $306,750 (up $4550)

2023 BMW 1 Series Australian pricing

• 118i M Sport – $57,300 (up $2500)
• 128ti – $64,400 (up $2500)
• M135i xDrive – $79,851 (up $3251)

2023 BMW 2 Series Gran Coupe Australian pricing

• 218i – $64,601 (up $2501)
• 220i – $67,700 (up $2500)
• M235i xDrive – $87,051 (up $3251)

2023 BMW 2 Series coupe Australian pricing

• 220i – $71,300 (up $2500)
• 230i – $76,800 (up $2500)
• M240i xDrive – $99,250 (up $3250)
• M2 – $121,700 (up $1800)

2023 BMW 3 Series Australian pricing

• 320i – $82,700 (up $3800)
• 330i – $97,950 (up $4550)
• 330e – $101,951 (up $4551)
• 330i Touring – $102,150 (up $4750)
• M340i xDrive – $109,450 (up $4550)
• M3 – $165,849 (up $4549)
• M3 Competition – $176,150 (up $4550)
• M3 Competition xDrive – $182,350 (up $4550)
• M3 Touring Competition xDrive – $184,650 (up $4550)

2023 BMW 4 Series Australian pricing

• 420i Gran Coupe – $83,500 (up $5600)
• 430i Gran Coupe – $93,700 (up $6800)
• 420i Coupe/Convertible – $100,400 (up $6900)
• i4 eDrive 40 Gran Coupe – $106,151 (up $6251)
• 430i Coupe/Convertible – $119,600 (up $5700)
• M440i xDrive Gran Coupe – $129,000 (up $7100)
• i4 M50 Gran Coupe – $137,150 (up $7250) 
• M440i xDrive Coupe/Convertible – $148,400 (up $6500)

2023 BMW 5 Series Australian pricing

• 520i – $112,250 (up $4550)
• 530e – $131,949 (up $4549)
• 530i – $132,850 (up $4550)
• 530d – $135,951 (up $4551)
• M550i xDrive – $173,550 (up $4550)
• M5 Competition – $278,150 (up $4550)

2023 BMW 7 Series Australian pricing

• 740i – $277,450 (up $4550)
• i7 xDrive 60 – $311,450 (up $4550)
• i7 M70 xDrive – $344,900 (new)

2023 BMW 8 Series Australian pricing

• 840i Gran Coupe – $200,051 (up $6051)
• 840i Coupe – $203,150 (up $6050)
• 840i Convertible – $218,651 (up $6051)
• M850i xDrive Gran Coupe – $299,450 (up $4550)
• M850i xDrive Coupe – $302,650 (up $4550)
• M850i xDrive Convertible – $311,649 (up $4549)
• M8 Gran Coupe – $381,551 (up $4551)
• M8 Coupe – $384,549 (up $4549)

2023 BMW Z4 Australian pricing

• Z4 sDrive 20i – $102,450 (up $4850)
• Z4 M40i – $143,049 (up $4849)

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