In this article, we will take a look at the 12 cheaper alternatives to BMW X5. We will also discuss some major players in the industry.
A look at the New BMW X5
Bayerische Motoren Werke Aktiengesellschaft (OTC:BMWYY), commonly referred to as BMW, is one of the largest luxury vehicle companies based in Munich, Germany. The BMW X5 Luxury Midsize SUV line has a range of models starting from the BMW X5 sDrive40i, priced at $65,700. The core model has a 3.0-liter twin-turbo engine, which can produce 375 horsepower (hp), and 398 lb.-ft. of torque. It accelerates 0 to 60 miles per hour in 5.3 seconds, with the highest recorded speed being 130 miles per hour. The electrified model, the BMW X5 xDrive50e has a 3.0-liter twin-turbo electric motor engine, which can produce 483 horsepower (hp), and 516 lb.-ft. of torque. The model is priced at $73,100.
Other models in the BMW X5 line include the BMW X5 M60i and the BMW X5 M Competition, priced at an MSRP of $90,000 and $124,800, respectively. All models have an elegant interior and exterior, with highway assistant technology and the Active Lane Change feature. The BMW X5 M Competition can produce 617 horsepower (hp) and 553 lb.-ft. of torque. It accelerates from 0 to 60 miles per hour in 3.7 seconds, explaining the strength and unmatchable experience of the vehicle.
According to Car and Driver, the BMW X5 has an owners rating of 9.5, out of a possible 10. According to reviewers, the BMW X5 offers a pleasant ride and is impressive with its technological features, especially its infotainment system. Edmunds, on the other hand, has a star rating of 3.5, out of a possible 5. Reviewers synonymously agree with its top-notch performance, spacious interior, and advanced technological offerings. A reviewer, Christian Wardlaw, raised concerns over the limited storage space.
What’s New at the BMW Group?
In 2023, the BMW Group boosted sales of its electric vehicles by more than 375,000 units. This positions the company among its direct competitors in the electric vehicle industry. On April 10, Bayerische Motoren Werke Aktiengesellschaft (OTC:BMWYY) announced that the company will continue to increase its investment in the electromobility segment. The company sold 82,700 units of its fully electric BMW, MINI, and Rolls Royce vehicles to customers across the globe during the first quarter of 2024. The first three months of 2024 also brought large sales from the company’s MINI line. More than 62,000 customers bought a MINI in the first quarter of 2024. By the end of February, the company launched the brand new MINI Countryman. The new model is produced in Leipzig and comes with a combustion engine and an electric model. You can also read our piece on the most valuable electric car companies in the world.
The company’s commitment to expanding its offerings explains its financial results. On March 21, Bayerische Motoren Werke Aktiengesellschaft (OTC:BMWYY) reported earnings for the fiscal fourth quarter of 2023. The company reported earnings per share of $1.35. The company reported revenue worth $46.65 billion during the quarter, ahead of market consensus by $2.4 billion, with a year-over-year revenue growth rate of 11.6%. On this occasion, Walter Mertl, a member of the Board of Management responsible for Finance, stated:
“We are investing in the future of our company like never before. Construction and modernisation of our plants and the planned expansion of our portfolio are progressing quickly this year. Our capital expenditure and R&D spending will reach new levels. We are expecting a capex ratio above 6% and an R&D ratio above 5%. Both metrics will then return to their usual strategic range. Despite these major investments in our future, we are targeting a free cash flow of over six billion euros in the Automotive Segment in 2024. This speaks to the financial strength of the BMW Group. We continue to focus on cost discipline and sustainable profitability – the long-term target range of 8-10% for EBIT margin in the Automotive Segment remains our benchmark.”
Some of the Biggest luxury Car Companies
Mercedes-Benz Group AG (OTC:MBGAF) and AB Volvo (publ) (OTC:VOLAF) are among some of the most luxurious car producers in the world. Let’s take a look at some of their recent offerings. You can also read our piece on the best selling car brands in the world.
Mercedes-Benz Group AG (OTC:MBGAF) is a luxury vehicle company based in Germany. The company was founded in 1926 and is headquartered in Stuttgart. The company aims to reduce CO2 emissions per passenger per car by the end of 2030 by 50% from its current levels recorded in 2020 and install more than 10,000 charging points by the end of this decade. Upholding its commitment to electric intelligence, on April 24, Mercedes-Benz Group AG (OTC:MBGAF) announced the launch of its new Mercedes-Benz G 580, backed by EQ technology. The vehicle has a 16-kWh high-voltage lithium-ion battery, 759 horsepower (hp), and 859 lb.-ft. of torque. The electric G-Class vehicle supports off-road capabilities and has a robust ladder frame, making its design unmatchable. The battery has a usable capacity of 116 kilowatts per hour (kWh) and is integrated into the ladder frame to ensure a low center of gravity.
AB Volvo (publ) (OTC:VOLAF) is a luxury vehicle company in Sweden, that produces and sells SUVs, station wagons, and sedans. The company launched the Volvo EX90 series this year. The fully electric car hosts 7 seats and holds a strong emphasis on safety. It has an electric range of up to 600 kilometers and is estimated to be charged within 30 minutes. The vehicle accelerates from 0 to 60 miles per hour in 4.9 seconds and has 517 horsepower. Users can connect their vehicle with 5G and Google built-in to enhance their driving and seating experience. It is available in several colors including crystal white, onyx black, denim blue, and platinum gray, to name a few. The vehicle by AB Volvo (publ) (OTC:VOLAF) houses a sensor set featuring lidar, a driver alert system, and an occupant sensing help assistant to identify risks and prevent collisions.
Now that we have discussed the luxury car industry, let’s take a look at the 12 cheaper alternatives to BMW X5. You can also read our piece on the countries with the most car exports.
Our Methodology
To come up with the 12 cheaper alternatives to the BMW X5, we consulted over 10 rankings on the internet. We then sourced the manufacturer’s suggested retail price (MSRP) from the official sites of the vehicle’s parent companies. We ensured that all models in our list were priced below the cheapest BMW X5 model. We then sourced the owner ratings from two sources including Edmunds and Car & Driver. We tabulated the average owner rating, with 10 being the highest and 0 being the lowest rating. Our list only includes models with a star rating of more than 7.5. Our list is in ascending order of the manufacturer’s suggested retail price (MSRP) primarily, and the owner rating secondarily.
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12 Cheaper Alternatives To BMW X5
12. Lexus GX 550 Luxury SUV 2024
Price: $64,250
Owners Rating: 7.95
The Lexus GX 550 Luxury SUV 2024 is one of the best alternatives to the BMW X5. The seven-seater SUV has a manufacturer’s suggested retail price (MSRP) of $64,250 and an average rating of 7.95. Its twin-turbo engine can produce 349 horsepower (hp) and 479 lb.-ft. of torque. The low-emission vehicle can go from 0 to 60 miles per hour in 6.5 seconds with a record top track speed of 109 miles per hour.
11. Mercedes Benz GLE 350 4MATIC SUV
Price: $62,250
Owners Rating: 8.2
The Mercedes Benz GLE SUV ranks 11th on our list of the cheapest alternatives to BMW X5. Its turbo-4 engine can produce 255 horsepower (hp) and 350 lb.-ft. of torque. The vehicle accelerates from 0 to 60 miles per hour in 7 seconds. It has a manufacturer’s suggested retail price (MSRP) of $62,250 and an average owner rating of 8.2, making it one of the best SUVs.
10. Audi Q7 2025 Luxury SUV
Price: $60,500
Owners Rating: 8.1
The Audi Q7 SUV is one of the cheapest alternatives to the BMW X5. The Sportback has a manufacturer’s suggested retail price (MSRP) of $60,500. The seven-seater has a cargo volume of 69.6 cubic feet. Its engine can produce 225 horsepower (hp) and 369 lb.-ft. of torque. The car accelerates from 0 to 60 miles per hour in 5.5 seconds. The Audi Q7 2025 Luxury SUV comes with top-notch driver assistance features. The car has a remote park assist and it automatically drives out of a perpendicular or parallel parking space.
9. Genesis GV80 Luxury SUV 2024
Price: $57,700
Owners Rating: 8.95
The Genesis GV80 Luxury SUV ranks ninth on our list of the best alternatives to BMW X5. The SUV has a manufacturer’s suggested retail price (MSRP) of $57,700. The SUV has a 2.5-liter Turbo engine that can produce up to 300 horsepower (hp). The five-seater is spacious and comes with several safety features including the safe exit assist, the blind spot monitor, and the forward collision avoidance tool.
8. Volvo XC90 Mild Hybrid SUV 2024
Price: $56,600
Owners Rating: 8.5
The Volvo XC90 Mild Hybrid SUV 2024 ranks eighth on our list of the cheapest alternatives to the BMW X5. The car has a manufacturer’s suggested retail price (MSRP) of $56,600. It is available in several colors including crystal white, onyx black, denim blue, platinum gray, silver dawn, bright dusk, and vapor gray. The SUV has an air purifier, a 360 camera, Google built-in, driver assistance technology, a head-up display, and a blind spot information system.
7. Lexus RK 350 FWD SUV
Price: $49,950
Owners Rating: 7.8
The Lexus RK 350 FWD ranks seventh on our list of the cheapest alternatives to BMW X5. The car comes in a range of colors including eminent white pearl, iridium, cloudburst gray, matador red mica, and nightfall mica, to name a few. The car can produce 275 horsepower (hp) and has a turbo in-line engine and 317 lb.-ft. of torque. The luxury utility vehicle has a seating capacity of 5 and has a manufacturer’s suggested retail price (MSRP) of $49,950.
6. Genesis GV70 Luxury SUV 2025
Price: $45,700
Owners Rating: 9.15
The Genesis GV70 Luxury SUV 2025 is one of the cheapest alternatives to the BMW X5. It comes with 19-inch alloy wheels and a 14.5-inch touchscreen display. Its engine can produce 300 horsepower (hp) and 311 lb.-ft. of torque. The five-seater car is powered by a 2.5L turbocharged engine. The luxury performance SUV has a retail price (MSRP) of $45,700.
5. Mercedes Benz GLB SUV 250 2024
Price: $44,250
Owners Rating: 8.3
The Mercedes Benz GLB SUV 250 2024 ranks fifth on our list of the cheapest alternatives to the BMW X5. It has a 2.0L turbo engine that can produce 221 horsepower (hp) and 258 lb.-ft. of torque. It has a retail price (MSRP) of $44,250 and accelerates from 0 to 60 miles per hour in 6.9 seconds. The car comes in several colors such as night black, polar white, cosmos black metallic, mountain gray metallic, starling blue metallic, and red metallic.