Summary

• With 51 currently listed for sale and an average price of $101,568.00 CAD, 21.6% of 2023 BMW M4s for sale on CarGurus are rated as good or great deals.

• Favourably reviewed: Owners rated the 2023 BMW M4 5 / 5 stars.

• 100.0% of 2023 M4 models on CarGurus are accident free.

• The 2023 BMW M4 introduced the limited edition M4 CSL, offering enhanced performance with 543 horsepower and a significant weight reduction due to a carbon-fibre construction.

Why it stands out

The 2023 BMW M4 distinguishes itself with a motorsport pedigree, attributable to its roots in the BMW 4 Series and a name that resonates with performance enthusiasts. The M4 not only carries over its renowned performance attributes but also enhances them with the newly added M4 CSL variant, which sheds weight and boosts power, making it a serious contender in the high-performance segment. This model showcases its capabilities with an impressive power-to-weight ratio of 3 kilograms per horsepower, achieving significant agility and acceleration.

While the standard M4 features a robust 3.0-litre twin-turbocharged inline-six engine, producing 473 horsepower, the M4 Competition variant ups the ante to 503 horsepower. The option of a six-speed manual transmission and rear-wheel drive appeals to driving purists, while the all-wheel-drive setup increases grip and dynamic handling. The M4 is not just about raw power; it balances everyday usability with performance, offering ample trunk space and a comfortable interior layout. It does, however, attract mixed opinions regarding its design, particularly with its oversized kidney grille, but this bold styling is part of its identity and performance promise.

In a market filled with alternatives, the M4 stands out due to its powerful engines, advanced technology features, and a commitment to performance, coupled with a dedicated BMW M heritage.

Other model years to consider

• 2022 BMW M4

  • Average price: $91,500.00 CAD
  • Good/great deal percentage: 25.0%
  • User rating: 5 / 5
  • Total listings: 40

• 2021 BMW M4

  • Average price: $85,000.00 CAD
  • Good/great deal percentage: 30.0%
  • User rating: 4.8 / 5
  • Total listings: 35

This analysis is based on CarGurus' proprietary market data from June 29, 2026, CarGurus experts' opinions, and generative AI.