There is but a single 2023 BMW M5 trim and even the erstwhile Competition is now an add-on package and no longer listed as a separate trim. The M5 runs on 19-inch M double-spoke alloy wheels and has LED headlights, Shadowline exterior trim, an M rear spoiler, signature M gills, heated and power-folding side mirrors, and a power trunk lid. M5-specific features include M adaptive suspension, M brakes and steering, an active M differential, M Drive and M Driving Dynamics Control modes, and xDrive AWD. Other features include remote start, remote keyless entry with push-button start, a carbon roof, extended Merino leather upholstery, heated and 14-way power front sport seats, a heated and leather-trimmed steering wheel, a SensaTec leatherette-trimmed dashboard, four-zone climate control, and twin 12.3-inch displays - a digital gauge cluster and a touchscreen - with wireless Apple CarPlay and Android Auto, Bluetooth, SiriusXM, navigation, and a 16-speaker Harman Kardon audio system. Standard drivers assists include rain-sensing wipers, automatic high beams, an M head-up display, auto-dimming on the interior and driver's side mirror, adaptive cruise control, forward-collision warning, blind-spot monitoring, lane-departure warning, parking sensors front and rear, speed-limit info, crash preparation, and post-crash braking.
There are a few packages worth mentioning, not the least of which is the $3,400 Bowers & Wilkins surround system upgrade. However, this can only be added in conjunction with the Executive Package. The Driving Assistance Professional Package retails for $1,700 and adds adaptive cruise control, traffic-jam assist, and a few semi-autonomous features like steer assist and lane-keep assist. The $3,450 Executive Package adds a parking assistant, a surround-view camera with 3D view, a Drive Recorder built-in dashcam, ventilated and massaging front seats, heated rear seats, soft-close doors, a power rear window sunshade, manual rear side window shades, active parking sensors with automatic braking, and Park Assistant Plus.
There's also the M Driver's package for $2,500, which ups the top speed to 190 mph and includes a one-day high-performance driving class. A moonroof is a no-cost option (but then you lose the carbon-fiber roof), as are red and black brake calipers. Track enthusiasts should definitely go for the fade-free M Carbon Ceramic brakes ($8,500).