The BMW M3 started its new generation in the 2021 model year and for the 2022 model year, BMW carries forward with everything from the previous year and adds a new Competition xDrive (AWD) trim. The 2022 BMW M3 Competition xDrive offers BMW's legendary AWD system with its drive modes. The 2022 M3 is powered by a 473 hp, twin-turbo inline-6 engine mated to a manual gearbox that channels all the power to rear wheels.
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The 2022 M3 Competition on the other hand comes with the same engine but generates 503 hp and is coupled with an eight-speed automatic gearbox which sends power to either rear wheels or all four wheels. That said, as there are no major changes BMW hasn't increased the prices. The 2022 M3 has a starting MSRP of $69,900 which brings it into direct competition with the likes of Alfa Romeo Giulia Quadrifoglio, Audi RS5, and Mercedes-Benz AMG C 63.