The BMW M5 certainly doesn't lack in power, its 4.4-liter turbocharged V8 delivering a standard 560 horsepower and 500 lb-ft of torque. But like all M models, BMW wants to give buyers the chance to milk the car for more before heading to aftermarket tuners. With the 2014 Competition Package, the M5 will offer 575 hp, in addition to an upgraded suspension, anti-roll bars, custom settings for the active rear differential and re-calibrated chassis control.

It will also gain unique 20-inch alloy wheels and black chrome exhaust tips. Check out BMW's hooning ad for the new Competition Package.