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By Colin Ryan
Updated January 30, 2025
The 2023 3 Series remains a desirable entry-level luxury car and the one to which all rivals, historically, need to measure up to. This year sees some subtle styling revisions, along with a not-so-subtle dual-screen unit taking up most of the dashboard as standard. Other tech features are also updated.
Models range from the perfectly fine 330i to the beautifully fast M3. The 330e plug-in hybrid and a sporty M340i sit in between. Although BMW makes many great SUVs and superb coupes and convertibles (such as the closely related 4 Series), the 2023 3 Series sedan still offers a lot.
2023 BMW 3 Series pricing starts at $29,562 for the 3 Series 330i Sedan 4D, which had a starting MSRP of $45,345 when new. The range-topping 2023 3 Series M340i xDrive Sedan 4D starts at $51,658 today, originally priced from $59,895.
Original MSRP | KBB Fair Purchase Price (national avg.) | |||
---|---|---|---|---|
$45,345 | $29,562 | |||
$46,445 | $30,894 | |||
$47,295 | $34,127 | |||
$48,395 | $33,335 | |||
$57,895 | $43,900 | |||
$59,895 | $51,658 |
The Kelley Blue Book Fair Purchase Price for any individual used vehicle can vary greatly according to mileage, condition, location, and other factors. The prices here reflect what buyers are currently paying for used 2023 BMW 3 Series models in typical condition when purchasing from a dealership. These prices are updated weekly.
Not that the other seats aren’t comfortable (well, except for that little middle spot in the back, as ever), but the driver’s seat is most definitely the place to be in any 2023 3 Series.
This is where the otherwise smooth suspension starts to impart the sensations of poise and nimbleness, where the engine’s responses to even minor throttle inputs come into clearer focus. The higher the horsepower, the greater the thrills. But even the 255-horsepower 330i is enjoyable and engaging.
The M3 has always been so much more than just a fast 3 Series. It’s one of the finest creations a car company has ever built. Anyone who loves driving needs to own one at least once in their life.
Let’s start this section with the new BMW Curved Display, a standard feature in every 2023 3 Series. It’s a frameless glass-covered unit housing a 12.3-inch driver information screen and an expansive 14.9-inch touchscreen for the infotainment system, each with high-resolution graphics.
This tech-rich addition has resulted in slimmer air vents below. BMW also installed a new gear selector in the center console. As always, the quality of materials and the build are of the usual top-notch BMW level.
Although the 3 Series falls into the category of compact luxury sedan, each generation has been bigger than the one before. So the 2023 3 Series is relatively roomy, especially for those who won’t be driving around many passengers most of the time.
Rear legroom is 35.2 inches, pretty much as good as anything in this class. Behind the 40/20/40 split/folding rear seats, trunk space measures a generous 17 cubic feet. The 330e has 13.2 cubic feet of trunk area because of the hybrid battery.
The previously optional Shadowline package — adding a black grille and black air intakes — becomes standard on the 2023 3 Series. The headlights, now full LED, are smaller. Overall, it’s nothing too crazy.
The M cars sit nice and low on their suspensions, wearing extra aerodynamic appendages. The M3 and M3 Competition come with staggered wheel sizes. The “plain” M3 has 18-inch alloys up front with 19-inch counterparts at the back. The Competition version plumps for a 19/20-inch arrangement. These cars also have carbon fiber roofs that lower the center of gravity and keep weight (the enemy of performance) at a minimum.
Skyscraper Grey Metallic exterior paintwork is offered across the 2023 3 Series lineup.
ENGINES
All that tech, ergonomics, suspension tuning, and quality materials wouldn’t mean much if the engines didn’t excite. BMW’s expertise in this area is considerable, culminating in the breathtaking 503-horsepower inline-6 that powers the M3 Competition model.
INFOTAINMENT SYSTEM
This year’s 3 Series comes with the latest iteration of BMW’s well-liked system, known to geeks as iDrive 8 and arriving as a complement to the new curved display. The standard navigation system now includes BMW Maps, and the voice command feature is better at recognizing natural speech (it can also obey requests, like: “open the sunroof”). Drivers can transfer their profiles to other contemporary BMWs because all the relevant information is stored remotely — “in the cloud,” so to speak.
As well as the new curved display and 5G tech making it into the 2023 3 Series as standard, the 330i comes with 18-inch alloy wheels, full LED headlights, rain-sensing wipers, heated side mirrors (self-dimming on the driver’s side), simulated leather upholstery, leather-wrapped steering wheel, selectable driving modes, 3-zone automatic climate control, power-adjustable front seats, self-dimming rearview mirror, powered moonroof, and multi-colored ambient cabin lighting.
Driver aids are a little sparse, not much more than forward collision warning with automatic emergency braking and automatic high beams.
The infotainment setup includes Apple CarPlay/Android Auto smartphone integration, satellite radio, two USB ports, Bluetooth, navigation, voice control, and a 10-speaker/205-watt audio system.
The 330e has virtually the same features while replacing the drivetrain with a plug-in hybrid arrangement.
Packed with 382 horsepower, the 2023 M340i has its suspension and brakes upgraded for enthusiastic driving, while receiving an M Sport differential and a variable-ratio sport steering system. It also comes with keyless entry/ignition.
The most affordable new M3 sports sedan has more than 450 horses in its stable, with plenty of other components strengthened, re-calibrated, or built especially for the particularly thrilling driving experience this car delivers. The same goes for the 503-horsepower M3 Competition.
These M cars also gain front/rear parking sensors, heated front seats, blind-spot monitoring, satellite radio, and a 464-watt/16-speaker Harman Kardon surround-sound system. All 2023 3 Series variants have BMW’s connected services, bringing features like stolen vehicle recovery, remote lock/unlock, and on-street parking information.
An M Sport package for the 330i includes 19-inch alloy wheels, chrome highlights on the grille, sportier suspension, and variable-ratio steering. Or the 330i and M340i can be ordered with an adaptive M suspension.
The 330i, 330e, and M340i offer a Premium package bringing heated front/rear seats, heated steering wheel, gesture control for the infotainment system, and keyless entry/ignition.
Also available: the Parking Assistance package with a self-parking function and a 360-degree camera system. The Driving Assistance package has Active Blind Spot Detection, lane-departure warning, and Active Driving Assistant. The Driving Assistance Professional package has active lane-keeping, evasive steering assistance, adaptive cruise control, Extended Traffic Jam Assist, and front cross-traffic alert.
Other extras for these first three models include wireless phone charging, larger alloy wheels, and the Harman Kardon surround-sound system. The M340i is also eligible for M Sport brakes with red-painted calipers.
The M3 and its Competition sibling are eligible for carbon-ceramic brakes, heated/ventilated front seats, carbon-fiber front bucket seats, and the Parking Assistance package. The Competition also qualifies for the Driving Assistance Professional package.
Kicking off the array of powertrains in the 2023 3 Series is a turbocharged 2.0-liter 4-cylinder unit propelling the rear-wheel-drive (RWD) 330i and its all-wheel-drive (AWD) counterpart, the 330i xDrive. Output is 255 horsepower and 295 lb-ft of torque, which goes through an 8-speed automatic transmission.
The 2023 330e is a plug-in hybrid with either rear-wheel drive or all-wheel drive (the xDrive version). It also uses a turbocharged 2.0-liter 4-cylinder engine and an 8-speed automatic transmission, but adds an electric motor energized by a lithium-ion battery. Total output is 288 horsepower and 310 lb-ft of torque.
The 330e can run for up to 23 miles on battery power alone. The Environmental Protection Agency uses miles-per-gallon equivalent (MPGe) figures for plug-in hybrids and fully electric vehicles, showing a mix of city and highway driving. In the fuel economy figures below, there’s one set with the electric-only range factored in and another where the 330e is operating like a regular hybrid.
One of BMW’s famed inline-6 engines is in the M340i, displacing three liters and turbocharged to produce 382 horsepower and 369 lb-ft of torque. A 48-volt mild-hybrid system helps the engine produce its peak power quicker and smooth out the fuel-saving stop-restart function.
Again, there’s an 8-speed automatic transmission on board, with rear-wheel drive as standard and all-wheel drive available as an option.
Same displacement, same number of cylinders in the same configuration, but the M3 does without any electric assistance. Instead, it increases output to 473 horsepower and 406 lb-ft of torque. Or, in the case of the M3 Competition: 503 horsepower and 479 lb-ft of torque.
Transmission-wise, the regular M3 comes with a 6-speed manual and is rear-wheel drive exclusively. The Competition has the automatic and is the only M3 to offer an xDrive all-wheel-drive system — M-tuned, of course.
Every engine in the 2023 3 Series range requires premium gasoline. These EPA fuel economy estimates are from 2022, but there shouldn’t be any changes for 2023.
2.0-liter turbocharged inline-4 (330i, 330i xDrive)
255 horsepower @ 5,000-6,500 rpm
295 lb-ft of torque @ 1,550-4,400 rpm
EPA city/highway fuel economy: 26/36 mpg (RWD), 25/34 mpg (AWD)
2.0-liter turbocharged inline-4/permanent magnet electric motor (330e/330e xDrive)
288 total horsepower
310 lb-ft of total torque
EPA combined fuel economy: 28 mpg/75 MPGe (RWD) 25 mpg/67 MPGe (AWD)
Electric only range: 23 miles (RWD), 20 miles (AWD)
3.0-liter turbocharged inline-6 (M340i)
382 horsepower @ 5,000-6,500 rpm
369 lb-ft @ 1,600-4,500 rpm
EPA city/highway fuel economy: 23/32 mpg (RWD & AWD)
3.0-liter turbocharged inline-6 (M3)
473 horsepower @ 6,250 rpm
406 lb-ft of torque @ 2,650-6,130 rpm
EPA city/highway fuel economy: 16/23 mpg
3.0-liter turbocharged inline-6 (M3 Competition)
503 horsepower @ 6,250 rpm
479 lb-ft of torque @ 2,750-5,500 rpm
EPA city/highway fuel economy: 16/23 mpg (RWD), 16/22 mpg (AWD)
Get as low as 4.99% for up to 60 months on a new 2025 BMW 330i xDrive Sedan.
Lease a new 2025 BMW 330i i xDrive for $599 per month for 36 months with $5499 due at signing.
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Year | Vehicle Depreciation* | Resale Value | Trade-In Value | ||
---|---|---|---|---|---|
2023 | - | $45,345 | $45,345 | ||
2024 | $10,931 | $34,414 | $30,800 | ||
Now | $6,473 | $27,941 | $24,279 |
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2-Year Forecasted Depreciation
*Depreciation for the last 12 months of the private party resale value.
Annual Depreciation is an estimation of what your vehicle's value might be over time based on an average of similar vehicles. Estimations are calculated by comparing Kelley Blue Book Private Party Values of vehicles similar to yours over time, as well as forecasts from Manheim Auction data comparing current and projected auction values against current Kelley Blue Book Private Party and Trade-In Values. This is not a guarantee of actual depreciation. Local weather conditions, market factors and driver performance will also impact your vehicle's actual depreciation.
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Curb Weight | 3536 lbs. | ||
---|---|---|---|
Fuel Capacity | 15.6 gallons | ||
Front Head Room | 38.7 inches | ||
Front Leg Room | 42.0 inches | ||
Max Seating Capacity | 5 | ||
Overall Length | 185.9 inches | ||
Front Shoulder Room | 56.0 inches | ||
Trunk or Cargo Capacity | 13.0 cu.ft. | ||
Wheel Base | 112.2 inches | ||
Width with mirrors | 81.4 inches |
Alloy Wheels | Available | ||
---|---|---|---|
Moon Roof/Sun Roof | Available | ||
Number of Doors | 4 doors | ||
Power Folding Exterior Mirrors | Available | ||
LED Headlights | Available |
City | 25 mpg | ||
---|---|---|---|
Highway | 34 mpg | ||
Combined | 29 mpg |
Drivetrain | RWD | ||
---|---|---|---|
Transmission Type | Automatic | ||
8 speed | Available | ||
Recommended Fuel | Premium | ||
Parking Assist System | Available |
Horsepower | 255 @ 5000 RPM | ||
---|---|---|---|
Torque | 295 @ 1550 rpm | ||
Engine | 4-Cyl, Turbo, 2.0 Liter | ||
0 to 60 | 5.6 seconds | ||
Top Speed | 130 mph |
Basic | 4 years / 50000 miles | ||
---|---|---|---|
Powertrain | 4 years / 50000 miles | ||
Corrosion | 12 years / Unlimited miles |
Forward collision warning
This is standard in every new 3 Series. It works at in-town speeds and includes automatic emergency braking.
Driving Assistance package
The first of two optional sets of driver aids (which is standard in the M3), this includes blind-spot monitoring with a vibrating steering wheel as well as an illuminated warning on the side mirror, plus lane-departure warning.
Driving Assistance Professional package
Offered in the non-M3 models, this bundle adds some partial self-driving features such as adaptive cruise control, Extended Traffic Jam Assist, active lane-keeping, front cross-traffic alert, and evasive steering assistance.
Used 2023 BMW 3 Series | Used 2023 Audi A3 | Used 2023 Volvo S60 | Used 2023 Audi A5 | ||
---|---|---|---|---|---|
Price | $29,562 | $26,419 | $33,428 | $34,348 | |
KBB.com Rating | 3.8 | 4.6 | 3.9 | 4.6 | |
Consumer Rating | 4.2 | 5.0 | 4.4 | 4.1 | |
Fuel Economy | City 25/Hwy 34/Comb 29 MPG | City 28/Hwy 38/Comb 32 MPG | City 26/Hwy 35/Comb 30 MPG | City 24/Hwy 33/Comb 28 MPG | |
Fuel Type | Gas | N/A | N/A | N/A | |
Safety Rating | 5.0 | N/A | 5.0 | 5.0 | |
Seating Capacity | 5 | 5 | 5 | 5 | |
Basic Warranty | 4 years or 50000 miles | 4 years or 50000 miles | 4 years or 50000 miles | 4 years or 50000 miles | |
Horsepower | 255 @ 5000 RPM | 201 HP | 247 @ 5400 RPM | 201 HP | |
Engine | 4-Cyl, Turbo, 2.0 Liter | 4-Cyl, Turbo, 2.0 Liter | 4-Cyl, Drive-E, Turbo, 2.0 Liter | 4-Cyl, Turbo, 2.0 Liter | |
Drivetrain | RWD | FWD | FWD | AWD |
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Pricing for the 2023 3 Series compact luxury sedan starts at $42,300 for a rear-drive 330i, with an M3 Competition xDrive costing $80,800. This is all before options (other than all-wheel drive) and destination charges.
Admittedly, the 3 Series does not have a glorious history regarding reliability. But the more modern the version, the better it’s likely to be.
As long as a driver doesn’t abuse the car and services it regularly, a 2023 3 Series compact luxury sedan could go beyond 150,000 miles.
The 2023 BMW 3 Series is rated to return city/highway fuel economy of 25/34 mpg.
Used 2023 BMW 3 Series prices currently range from $29,562 for the 330i Sedan 4D to $51,658 for the M340i xDrive Sedan 4D when purchasing from a dealership, depending on a range of factors like equipment, mileage, and condition.
The cheapest 2023 BMW 3 Series is the 330i Sedan 4D, with a Kelley Blue Book Fair Purchase Price of $29,562.
The 2023 BMW 3 Series is part of the 7th-generation 3 Series, which our owners give an above-average reliability rating of 4.2 out of 5.