2023 BMW Z4: What's New, Specs & Features

Last updated August 4, 2026

2023 BMW Z4

The biggest change for the 2023 BMW Z4 is that the sDrive30i gains the M Sport package as standard, bringing a sportier suspension and more driver-focused cabin hardware. The Z4 also receives a light front-end refresh, but its engines and transmission carry over.

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About the 2023 BMW Z4

3rd generation (G29), mid-cycle update year; this generation launched for 2020 and 2023 brings a light refresh rather than an all-new car.

BMW positions the Z4 as a classic two-seat roadster updated for modern daily use: long hood, rear-wheel drive, a fabric soft top, and a driver-focused cabin, but with the comfort and technology expected of a premium BMW. Compared with sharper but less relaxed rivals, the Z4 leans into open-air driving pleasure, strong straight-line performance, a quieter cabin with the top up, and enough everyday usability to work as more than a weekend toy.

The sDrive30i is the more everyday-friendly Z4, with a 255-hp turbo four, standard M Sport suspension, and a power soft top. The M40i is the performance-focused version, pairing a 382-hp turbocharged six-cylinder engine with adaptive suspension, stronger brakes, and a limited-slip rear differential that helps put power to the road. Both have a 10.25-inch touchscreen with navigation, wireless Apple CarPlay, and Android Auto.

What changed, by category

Structural
The sDrive30i gains the M Sport package as standard. It adds M Sport suspension, more supportive M Sport seats, an M leather steering wheel, M pedals, an M driver’s footrest, and a SensaTec-trimmed dashboard.
Styling
The Z4 receives a revised kidney grille pattern and minor exterior-detail updates.

2023 BMW Z4 specs and features by trim

Feature
2023 BMW Z4sDrive 30i2 in stock
2023 BMW Z4sDrive M40i0 in stock
Engine4-Cyl, Turbo, 2.0 Liter6-Cyl, Turbo, 3.0 Liter
TransmissionAutomatic, 8-Spd Sport w/Sport & Manual ModesAutomatic, 8-Spd Sport w/Sport & Manual Modes
DrivetrainRWDRWD
Fuel TypeGasGas
MPG City25 mpg23 mpg
MPG Highway33 mpg31 mpg
Horsepower255 hp382 hp
Torque295 lb-ft369 lb-ft
Seats22
Doors22
Alarm System
Automatic High Beams
Blindspot Sensors
Lane Departure Warning
Park Assist
Rear View Camera
Alloy Wheels
LED Headlights
Navigation System
Premium Audio
Smartphone Interface
Aluminum Interior Trim
Dual-Zone Climate Control
Heated Front Seats
Heated Steering Wheel
Leather Seats
Proximity Keyless Entry
Push-Button Engine Start
Remote Start

How the 2024 BMW Z4 compares

The 2024 BMW Z4 is essentially a carryover, and its only notable change is a shorter name for the top trim: the 2023 sDrive M40i becomes the 2024 M40i. The two trims otherwise return with the same engines, rear-wheel drive, eight-speed automatic, styling, safety features, and cabin tech.

Frequently asked questions

Is the 2023 BMW Z4 a full redesign?

No. The 2023 Z4 is a modest mid-cycle update within the third generation, not an all-new model. Its main revisions are the sDrive30i’s standard M Sport package and light front-end styling changes.

What changed on the 2023 BMW Z4 sDrive30i?

The 2023 Z4 sDrive30i gains the M Sport package as standard. That package brings M Sport suspension, more supportive seats, an M leather steering wheel, M pedals, an M driver’s footrest, and a SensaTec-trimmed dashboard.

Did the 2023 BMW Z4 get new engines?

No. The 2023 Z4 keeps its existing turbocharged four-cylinder and six-cylinder engines, rear-wheel drive, and eight-speed automatic transmission. The sDrive30i makes 255 horsepower, while the M40i makes 382 horsepower.

Does the 2023 BMW Z4 have a manual transmission?

No. Both 2023 Z4 trims use an eight-speed automatic transmission with steering-wheel paddle shifters.

Is the 2023 BMW Z4 meaningfully different from the 2022 model?

Yes, but the differences are modest. The 2023 sDrive30i has the M Sport package as standard, and the lineup receives a revised grille and minor exterior updates; the core engines, rear-wheel-drive layout, transmission, safety hardware, and infotainment setup remain unchanged.

2023 BMW Z4 Reviews

What owners are saying about the 2023 BMW Z4.

4.6
2023 BMW Z4
(71 reviews)
5 stars (49)
4 stars (19)
3 stars (2)
2 stars (1)
1 star (0)

About owner reviews

Carvana owner reviews are provided in partnership with Strategic Vision, one of the largest automotive consumer research providers in the U.S. Star ratings are from ranking surveys completed by owners one to six months post-purchase. Comments from owners are optional, but included here when available.

“Great sounding, looking, and performing car. It will hold its value significantly longer than most other cars.”

GLGary L.
2023 BMW Z4 M40i Roadster

“Luxury ride with sports car handling/acceleration and the drop top. A great car if it fits your lifestyle.”

GSGreg S.
2023 BMW Z4 M40i Roadster

“exciting to drive, eye catcher, lots of favorable comments, great acceleration, great maneuverability, stylish, one of a kind.”

JCJames C.
2023 BMW Z4 M40i Roadster