CarAdvice went in for an exclusive first look, and you can catch our walkaround video above.
Measuring 37mm longer, 8mm wider and 15mm taller, the new BMW 5 Series offers more rear leg and headroom than before, along with an extra 10 litres of cargo capacity, bringing the total to 530 litres.
The 5 Series range debuts worldwide with a number of engine options including two diesels and three petrols. We also expect to see two ultra-efficient options in the form of a plug-in hybrid and an efficient diesel.
While the exterior design hasn't taken huge strides from the previous-generation 5 Series, the evolution is strong enough to bring fresh styling.
As reported earlier, kicking off the petrol-powered range is the 528i-replacing 530i, which employs a 2.0-litre four-cylinder turbo-petrol engine offering 185kW of power and 350Nm of torque.
The 530i claims a 0-100km/h time of 6.2 seconds (6.0 seconds with xDrive all-wheel drive), while fuel use is rated as low as 5.4L/100km on the combined cycle.
Next up is the 540i, which succeeds the previous 535i. Powered by a 3.0-litre turbocharged six-cylinder unit, the 540i lists outputs of 250kW and 450Nm.
Acceleration is pretty brisk, with BMW quoting 5.1 seconds for the 0-100km/h dash (4.8 with xDrive), while fuel consumption is rated at 6.5L/100km.
Two turbo-diesels will be offered at launch alongside the two petrols, the 520d and 530d.
The 520d is powered by a 2.0-litre four-cylinder oiler, producing 140kW of power and 400Nm of torque.
The 0-100km/h run is claimed to take 7.7 seconds (7.6s with xDrive), while fuel use is rated at 4.1L/100km – giving some hybrids a run for their money.
The 530d, meanwhile, employs a 3.0-litre turbo-diesel generating 195kW and 620Nm.
BMW says hitting 100km/h in the 530d takes just 5.7 seconds (5.4 with xDrive) and, despite the performance potential, the 530d sips just 4.5L/100km.
While the Australian pricing and specification is yet to be confirmed, we expect to see the 5 Series launched locally in early 2017.
What do you think of the design and features? Let us know in the comments below