Written byAccording to a new report by CarsDirect, BMW is bumping up prices on some of its most sought-after models — and the 2026 BMW M5 Touring is one of them. The high-performance wagon will start at $123,900, marking a $2,400 jump over last year, despite no major upgrades or new features.
That’s roughly a 2% increase, in line with BMW’s broader pricing adjustments coming into effect starting July 1, 2025.
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Touring vs. Sedan: The Price Gap Widens
Alongside the Touring, the M5 sedan is also seeing a price bump — going from $119,500 to $121,900. BMW is keeping the $2,000 price gap intact between the two body styles.
While that may not seem like much when you’re already spending six figures, a $2,400 price jump without added value isn’t sitting well with some potential buyers. It could even push sedan sales ahead if budget-conscious shoppers decide to skip the long-roof luxury.
2025 vs. 2026 BMW M5: Sedan vs. Touring Price Comparison
| Model Year | M5 Sedan | M5 Touring | Touring vs Sedan Price Gap |
| 2025 | $119,500 | $121,900 | $2,400 |
| 2026 | $121,900 | $123,900 | $2,000 |
| Increase | +$2,400 | +$2,000 | Price gap slightly narrowed |
Even though it’s not a huge change, $2,400 is still $2,400, and when there are no major upgrades involved, buyers start asking questions.
Americans Love the Touring – For Now
According to BMW CEO Frank van Meel, the M5 Touring has become the more popular choice in the U.S. despite the higher cost. That’s quite the twist, considering wagons have nearly disappeared from American roads in favor of SUVs.
Interestingly, in Europe, the sedan still outsells the Touring — but in the U.S., it’s the wagon that’s turning heads. Whether this trend continues after the price bump remains to be seen.
Under the Hood: Same Powerhouse, Just More Expensive
Both the sedan and Touring are now plug-in hybrids, pairing a twin-turbo V8 with a 194-hp electric motor for a combined 717 horsepower and 738 lb-ft of torque. That’s more power than most trucks and nearly everything else on the road — and it moves like it, too.
Even with all that weight, this is one of BMW’s sharpest-handling M cars yet.
Add a few premium options and things get real expensive real fast:
- $5,000 custom paint
- $3,100 Carbon Package
- $1,700 Driving Assistance Pro
- $1,850 Executive Package (includes Iconic Glow grille, 3D Parking View, power rear shades & more)
You could be looking at a final price well north of $140,000 if you go all in.
What’s Next for the M5 Lineup?
Looking ahead, BMW is expected to revamp both the M5 sedan and Touring around 2028, with a facelift based on the Neue Klasse platform. Spy shots already suggest an updated dashboard with iDrive X, more Alcantara, and potentially a second M5 variant — maybe even a new CS trim.
But that’s still a few years away.
Bottom Line
The 2026 BMW M5 Touring is still the wildest wagon you can buy — fast, powerful, and unique. But now with a higher price tag and no extra features, buyers will have to ask themselves: Is the Touring’s extra practicality still worth the premium? Thanks to CarsDirect’s early report, we know this much: these M5s won’t be getting cheaper anytime soon.
Source: CarsDirect
