The BMW XM is an automotive oddity, a high-performance plug-in hybrid (PHEV) with up to 738 horsepower and the practicality of a midsize SUV. As such, this unique BMW has precious few direct competitors. A few you might consider, however, are the Mercedes-AMG GLS 63, the Audi RS Q8, and the Porsche Cayenne E-Hybrid.
Again in 2024, the BMW XM comes in two variants: the standard XM and the XM Label. You may have seen references to the XM Label Red, but that name was promptly switched to just XM Label after some opinions were shared regarding its aggressive red trim. So, while the maligned lipstick of the Label Red is gone, the Label carries on as a more powerful variant of the XM.
What’s New:
The BMW XM Label, initially called the Label Red, joins the XM lineup for 2024. With 738 hp, it’s the most powerful production model in BMW M history.
Our Recommendation:
It’s hard to find fault with the standard BMW XM. It’s up to you to decide if the XM Label’s extra power is worth the extra $26K.
XM
Starts at $159,000 | See listings
- Plug-in hybrid powertrain with 644 hp
- M xDrive AWD system
- Adaptive M Suspension Professional
- M Sport brakes and differential
- 4-wheel steering
- 23-inch wheels
- Extended Merino leather upholstery
- Carbon-fiber interior trim
- BMW Curved Display
- Harman Kardon 16-speaker audio system
- Active Driving Assistant Professional
- Highway Assistant
- See more
XM Label
Starts at $185,000 | See listings
- Plug-in hybrid powertrain with 738 hp
- Fiona Red/Black interior
- Exclusive wheel option
- Available Toronto Red exterior trim
- See more
2024 BMW XM: $159,000
The standard BMW XM is by no means inexpensive, but it’s tremendously well-equipped with standard features. Like any BMW with M in its name, performance is at the forefront of the XM’s priorities.
The plug-in hybrid powertrain of the 2024 BMW XM consists of a 4.4-liter turbocharged V8 engine and an eDrive electric motor. The combined output is 644 hp and 590 lb-ft of torque. This is a hybrid that prioritizes performance over efficiency. It will hit 60 mph in about four seconds.
According to EPA testing, the BMW 2024 XM has a 31-mile all-electric range. When the hybrid battery is depleted, the XM is rated at 14 mpg combined. Premium gas is required.
Output is sent to all four wheels via an 8-speed M Steptronic automatic transmission and an M xDrive all-wheel-drive (AWD) system. Other M components include an adaptive M suspension, M Sport brakes, M-tuned electric power steering, and an M Sport differential. Additionally, 4-wheel steering also comes standard.
The unique exterior styling of the XM should silence any naysayers accusing BMW designs of being boring. Standard exterior features include 23-inch alloy wheels, adaptive LED headlights, an M rear spoiler, vertical quad exhaust, a rear diffuser, and extended Shadowline exterior trim.
The interior quality of the XM lives up to its lofty price tag. Standard interior features include extended Merino leather upholstery, a leather-wrapped dashboard and instrument panel, carbon-fiber trim, an Alcantara headliner with fiber-optic LED illumination, 4-zone automatic climate control, and heated, cooled, and massaging front seats. You also get heated and cooled front cupholders, plus a wireless charging pad.
The standard iDrive 8.5 infotainment system is housed in the BMW Curved Display, which also contains an M-specific instrument cluster. Standard infotainment features include wireless Android Auto and Apple CarPlay, navigation, SiriusXM, and a Harman Kardon 16-speaker audio system.
The XM is nicely equipped with standard safety tech features. It comes with the Active Driving Assistant Professional package, which bundles extended traffic-jam assist, steering and lane-keeping assistant, lane-change assistant, emergency stop assistant, evasion aid, pedestrian detection, automatic emergency braking, and active blind-spot detection. You also get parking sensors, a 360-degree camera, and automatic high beams.
This customizable luxury SUV has several options that can make it your own. Many premium metallic paint options are available for a $5,500 premium. Some more interesting tones include Daytona Violet, Petrol Mica, Anglesey Green, and Frozen Tulum Blue. You can get the standard extended Merino leather upholstery in Sakhir Orange for $1,500 or full Merino leather for $2,500 in the Silverstone with Vintage Coffee or Deep Lagoon with Vintage Coffee color schemes.
There are a few no-cost options. These include NightGold metallic exterior trim and red or blue brake calipers. A Bowers & Wilkins Diamond audio system is available for $3,400. Finally, an M Driver’s Package is available for $2,500; it includes a driving course that will teach you how to appreciate this SUV at its handling limits.
With the $995 destination fee, the cost for a 2024 BMW XM comes to $159,995. On a 60-month loan with 5% financing and $0 down, the monthly payment comes to $3,019. See 2024 BMW XM models for sale near you
2024 BMW XM includes:
644-hp plug-in hybrid powertrain — A turbocharged V8 is at the heart of the plug-in hybrid powertrain. It makes the XM an absolute blast to drive, even when the hybrid battery runs out.
Merino leather — Standard leather upholstery, available in multiple colors, contributes to a luxurious feel of the XM cabin.
BMW Curved Display — This high-tech display houses the iDrive 8.5 infotainment system and an M-specific digital gauge cluster.
2024 BMW XM Label: $185,000
The XM Label provides even greater performance than the standard XM. Its tweaked powertrain pumps out 738 hp and 738 lb-ft of torque, giving it a claimed 0-60 mph time of just 3.7 seconds. BMW estimates a 30-mile all-electric driving range.
Other than the powertrain, the Label trim’s standard features are similar to those of the base XM. The other big difference is a unique Fiona Red/Black interior and M Signature carbon-fiber trim. The XM Label has fewer paint options than the base XM, but none cost extra.
As this version of the XM was initially called Label Red, the XM Label still has some options to make it more red. Red exterior trim is available at no extra cost, as is a unique set of black wheels with red accents.
With the $995 destination fee, the 2024 BMW XM Label costs $185,995. On a 60-month loan with 5% financing and $0 down, the monthly payment comes to $3,510. See 2024 BMW XM Label models for sale near you
2024 BMW XM Label includes:
738-hp plug-in hybrid powertrain — BMW upgraded this PHEV powertrain to make 738 hp and 738 lb-ft of torque, making it the most powerful M vehicle ever.
Fiona Red/Black interior — This color scheme is unique to the XM Label. It adds red-and-black seats plus red accent stitching throughout the interior.
Exclusive options — There are a few options for the Label that you can’t get on the base XM. These include red exterior trim and a unique set of wheels.
