BMW is expected to unveil the new 4 Series later this year, which means there will also inevitably be a new M4. With the M4 nearing the end of its lifecycle, BMW is giving the current model a major upgrade.

From July 2020, all 2020 M4 coupe and convertible models will come with the M Competition package as standard, which was previously a very expensive option that would have set you back an extra $4,750. That sounds like a very sweet deal to us. If you've been on the fence about buying an M4, there's really no excuse not to take the plunge anymore.

First launched in early 2016, the M4 Competition Package increases power from the car's 3.0-liter turbocharged inline-6 from 425 to 444 horsepower. With launch control, 0-62 mph is claimed to be around 3.8 seconds. The package also improves the handling with Adaptive M suspension featuring electronically controlled dampers, an extra-sporty configuration for the DSC (Dynamic Stability Control) system, and the Active M Differential. An M Sport exhaust system also enhances the soundtrack. Other exterior enhancements include 20-inch M light-alloy wheels and BMW Individual high-gloss Shadow Line trim.

Inside, the M4 Competition Package adds lightweight sport seats and seat belts accented with M division colors. For audiophiles, BMW is also now offering a premium audio system as standard on the M4 coupe and convertible.

As for the next-generation M4, we're expecting the new sports coupe to use the same 3.0-liter twin-turbo unit found in the new X4 M. In the X4 M, this unit produces 473 horsepower. BMW's interior design chief Brunco Amatino has also told us the new 4 Series will look radically different from the next-gen 3 Series. Since the new M3 is expected to debut as a concept at the 2019 Frankfurt Auto Show in September, the next-generation M4 probably won't debut until next year at the earliest.