The 3 Series has been BMW's compact luxury sports sedan car since its debut in 1975 and has evolved significantly over the decades. In its seventh generation, the 2023 M340i borrows inspiration from the high-performance M3, mimicking the handling of BMW’s Motorsport powertrains without going full M car. Its sales might have plummeted over time, but BMW still keeps things fresh with every release. For this particular model, the styling on the outside is much sleeker, and the interior looks and feels more modern. Historically, the 3 Series has always focused on balancing performance and efficiency. How balanced? Let’s find out.
For most gearheads, especially BMW enthusiasts, the M cars are the gold standard for high-performance cars. This would explain why the fourth-gen M3 is so revered. But let’s forget about that and focus on the 2023 BMW M340i. Under its hood lies a 3.0-liter twin-turbo inline-6 that makes 382 horsepower and 369 lb-ft of torque. It carries over the 48-volt mild hybrid from the 2022 model year. It is mated to an 8-speed automatic transmission that is quick enough, rocketing it from 0-60 mph in 4.1 seconds and accelerating to 155 mph. Since it's a compact car, it only weighs 3,951 pounds. With its adaptive suspension, the ride quality is decent, but for the best experience, consider the xDrive variant.
Apart from the curved display on the dashboard, the 2023 M340i’s cabin retains most of the design elements of its predecessor. Standard seat upholstery is still SensaTec, which is soft and feels premium but not as much as the optional full leather. The seats also have a 14-way foldable with memory settings for customization. Its cabin is sufficiently roomy, but don’t expect the same room you would find in a 7 Series. Keeping up with the luxury theme, it has a 3-way climate control for front and rear seats. For a compact car, it has enough storage space on the dash, door pockets, center console, and a decent trunk.
The overall exterior design of the 2023 BMW M340i is sporty and sleek. This is because all M340i’s came standard with the M Sport package in 2023. Looking at the car, your initial reaction would be that it's small, which is unsurprising given it's a compact sedan. The kidney grille is not as large as we saw in that year’s M3 but slightly larger than the 2022 model year. Stock, it’s blacked out, as are most accent pieces, which blend pretty well with most of the body paint options for 2023. Lastly, the heritage BMW badges give it an exclusive appeal.
Starting strong for the technology department is the full curved display, which has been a hit or miss in the community. BMW sets the standard for most car segments, and it was only natural for them to switch to this curved display. The screen is one, but it's divided into two: a 14.9-inch for the infotainment and a 12.3-inch digital instrument cluster. Running on the latest iDrive 8 system, this infotainment screen supports various features such as navigation, CarPlay and Android Auto, Bluetooth, and SiriusXM. It will also support over-the-air updates to ensure you stay updated. For safety, it has an active driving assistant suite with technologies such as collision warning, emergency braking, etc.
A low-mileage 2023 BMW M340i in good condition will cost you anywhere from $52,000 to $58,000, a decent range for a modern performance sedan. The 3 Series doesn't lose value like some of its peers, which makes it a good buy. Therefore, leap and buy now. If you’re sold on buying one, check out our BMW listings, which have several BMW 340is for sale.
Owning the 2023 BMW M340i will give you the opportunity to celebrate about 50 years of an undefeated sports sedan, and it has the heritage badges to signal that. But it's not just about that; the M340i is arguably the best 3 Series trim if you’re after high performance coupled with efficiency and Motorsport handling dynamics. Exotic Car Trader creates an exclusive and safe way of buying and selling cars, eliminating the daunting experiences of private selling for buyers and sellers. Every vehicle listed on Exotic Car Trader goes through a private seller verification process, ensuring legitimacy for our buyers. Also, Exotic Car Trader's car buying process is well outlined, with all fees and packages providing our buyers with a seamless and inclusive experience. We can handle the escrow of funds at no additional cost to the buyer and seller, and we also provide trade-in and financing options for buyers. For transaction safety, our Transactions Team is world-class and equipped with industry fraud detection tools to ensure a safe and secure transaction. These are just some of the benefits you enjoy when buying or selling on Exotic Car Trader. Contact us for listing services or to buy a car on Exotic Car Trader today.
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