The new M5 Touring is BMW’s best Christmas gift

BMW has teased next year’s M5 Touring in a festive film, just in time for the holidays. In the YouTube video, after browsing the “good” list Santa opens an envelope containing “The M List” and heads off to his garage where the ultimate sports tourer awaits.

It’s Christmas wrapped, of course, so it’s hard to make out much detail on the eagerly-awaited wagon. Its 2024 debut will mark the first time since 2007 that an M5 Touring has been built. That car, based on the E61 5-Series, packed an epic 507-hp, five-liter V-10 engine and was limited to just 1,025 units. The earlier, six-cylinder, 340-hp, E34 M5 Touring was even more rare, with 891 built.

The G99, which, like the upcoming M5 sedan, will feature a twin-turbo 4.4-liter V-8, backed up with an electric motor for a combined 700+ hp, making it comfortably the most powerful Touring ever constructed. It will be a plug-in hybrid, allowing a short distance to be driven in electric-only mode and will come with “with fascinating innovations for an even more intense performance experience,” according to BMW.

Drive will be sent to all four wheels by the M xDrive system and carbon ceramic brakes will provide stopping power. The M5 Touring and its sedan sibling are currently undergoing final-phase road testing before being revealed in full in the early part of 2024.

Although the smaller M3 Touring didn’t make it to the U.S.A. it’s looking much more promising for the M5 Touring, which would go up against rivals such as the Mercedes-AMG E63 and Audi RS6. Now that Porsche is to stop building its long-roof Panamera, BMW could pinch some customers from Stuttgart as well.

Expect the M5 Touring to cost more than the $108,000 current generation sedan, but less than the flagship $159,000 XM SUV.