The best BMW M5s ranked

The M5 is very nearly knocking on the door of 40 years on sale, and its future in BMW’s increasingly electrified line-up is a topic likely to ignite in the coming months. BMW is poised to reveal a new 5 Series later in 2023, and so a fresh chapter in M5 history will be written not soon after. 

So before then, we’ve put our collective M-branded thinking caps on to come up with an unofficial, Goodwood Road & Racing ranking of every version of Munich’s iconic super-saloon. Agree with our choices? Or have we gravely underestimated some underrated entries?

6. F10 M5 (2011-2016)

Let’s get one thing straight from the off here – the F10 generation M5 is not a bad car. Not at all. In fact, it could even stand out as a bit of a high-point with its combination of luxurious materials, sky-high build quality and thumping performance, catapulting the M5 into the contemporary era. It’s safe to say that it nailed the M5’s brief and then some. However, while the F10 is a jack of all trades, it lacks a defining characteristic.

The turbocharged S63 4.4–litre V8 chucks out an immense amount of power – 60PS (412kW) – and the dual-clutch gearbox was a big improvement on the SMG transmissions of the past. But it’s a climb down in notoriety from the berserk 5.0-litre V10 of its predecessor, and had a fairly anonymous appearance.

5. E60/61 M5 (2004-2010)

The E60-generation M5 is perhaps the version most likely to entertain a Marmite reputation, blending its scorching appeal with a litany of issues. It represented a high point in terms of BMW’s confidence in the M5 badge, but perhaps a bit of overconfidence, on the back of the strong sales and following the model had developed with the E39.

The divisive styling came straight from BMW’s mid-2000s playbook, and it was with the E60-generation that BMW last offered a Touring variant (E61) for M5. This unapologetic approach to how the M5 appeared – a complete revolution from the cool, late 90s understatement of the E39 – had a perfect match under the bonnet. The 5.0-litre ‘S85’ V10 with a redline exceeding 8,000rpm and power of 507PS (373kW) turned the M5 into a rocketship with the soundtrack to match. But for many, its notorious unreliability and clunky SMG gearbox casts a shadow large enough to eclipse the E60’s trump card.

4. E34 M5 (1988-1995)

Not so much a tricky second album, but more of what went before it. The E34’s effortless elegance and straight-six poise meant that it picked up where the original E28 left off, but with modernisation and more performance at its core.

M resisted the temptation to up the cylinder count to eight for the E34, instead deciding to retain and evolve the ‘S38’ 3.5-litre straight-six of the E28. Initial versions came with slightly increased engine capacity by way of increased piston stroke from a new forged crankshaft, while it also fielded new camshafts and Bosch electronic engine management. The end result was 315PS (232kW) at a heady 6,900rpm, while later versions got a larger 3.8-litre version of this engine producing up to 340PS (250kW). The E34 also introduced a Touring estate to the M5 line-up for the first time, but in very limited numbers – 891 were produced.

3. F90 M5 (2017-2023)

Soon to bow out of the BMW line-up, the F90 should be remembered as the M5 that took the car’s performance to ballistic new levels, as well as being the first of the breed to move away from being exclusively rear-driven in favour of a variable all-wheel-drive system.

Inheriting the 4.4-litre twin-turbocharged ‘S63’ V8 engine of the F10, the F90 took advantage of its new drivetrain configuration and butch eight-speed ZF transmission to make the most of a massive increase in power. The standard M5 makes 600PS (441kW), enabling 0-62mph in just 3.4 seconds and a top speed of 190mph with an optional M Driver’s Package removing the electronic top speed limiter. Further evolutions included the 617PS Competition variant, while the M5 CS (Competition Sport) was at the time BMW’s most powerful car ever at introduction in 2021, with 627PS (461kW) and a claimed 0-62mph of just 2.9 seconds.

2. E28 M5 (1984-1988)

The 277PS (204kW) 3.5-litre M88 straight-six engine developed for the M1 was always bound to end up powering further cars to emerge wearing M badges and the blue, violet and red stripes that have become synonymous with M. 

The most obvious place to start would be in the 6 Series, and that’s precisely what happened when BMW revealed the M635 CSI in 1983. However, a year later, the E28 5 Series saloon got the same treatment. An earlier effort in the form of the M535i with a single overhead camshaft version of this engine laid the foundations for the M5’s introduction in 1984, as a full-blown super saloon with supercar rivalling performance.

1. E39 M5 (1998-2003)

The ultimate M5? M-division aficionados might find it impossible to agree on one particular version as being the outright best, but we’d wager almost all of them would say that the E39 was one of the greatest. It's the late 90s/early 2000s M5’s near-universal appeal that swings it into pole position in our countdown. 

This was the M5 that took the badge into the mainstream, over 20,000 of them built on the main 5 Series production line in Dingolfing. It was the first M5 to make use of V8 power, its 4.9-litre S62 engine producing 400PS (294kW) and sending drive to the rear axle exclusively via a superb six-speed manual gearbox. Its handling, performance and long-distance comfort elevated the M5 into more desirable territory than before, while it also piled on the tech, debuting an electronically activated ‘Sport’ mode for sharper throttle response and heavier steering. Selectable drive modes and customisable settings would go on to become an M5 hallmark from this point forward. 

What's next for the M5?

With the G30 generation 5 Series due to bow out this summer, taking the F90 M5 with it, attention has already turned to what we can expect from the seventh version of BMW’s definitive M-car. 

The big news for the regular 5 Series, tipped to be codenamed G90, will be the inclusion of a fully-electric model badged i5. And the next M5 is almost certain to adopt electrification in some way, too. In fact, it’s more or less an open secret that the plug-in hybrid 4.4-litre V8 found in the new XM SUV will find a second lease of life in the new super-saloon, unlocking the potential for a 750PS (552kW) M5 capable of scooting around town on electric power only. We’ll likely see the new M5 towards the end of 2023, or early in 2024.