Rejoice, for BMW has just announced that the M5 Touring is coming to North America for the first time ever. We've gotten our fair share of M5 sedans, but never before have we gotten our hands on a more practical long-roofed version here on this side of the globe. So now all we have left to do is prove that this is indeed what we all wanted to buy with our hard-earned U.S. dollars.

This BMW won't be without some competition, as Audi and Mercedes have been generous enough to import their own RS6 Avant and AMG E63 S wagons as well. Setting this M5 Touring apart will be its hybrid-assisted V8 engine, likely to be the same 4.4 liter, twin-turbo S68 found in the BMW XM Label. Combined, the powertrain could have the potential to produce well over 700 hp with a similar metric for torque, and both the M5 sedan and wagon have already been confirmed to boast an electric-only driving range of 43 miles.

While rivals from Audi and Mercedes both pack V8 engines under their hoods as well, neither wagon is capable of cresting the 700-hp mark. The 4.0 liter twin-turbo engine offered in the Audi RS6 Avant Performance produces 621 hp and 627 lb-ft of torque, while the Mercedes-AMG E63 S wagon delivers 603 hp and 627 lb-ft of torque.

The M5 Touring is also sure to deliver in terms of practicality, which is where wagons tend to shine much brighter than their sedan counterparts. Based on the estimates for Europe's standard 5-Series Touring, this performance model could offer a rather roomy 60 cubic feet of space behind the rear seats. That's not too far off from the BMW X3 M crossover, which packs 62.7 cubic feet of space. Looks like you'll have to find another excuse for getting the SUV instead of the wagon.

Production of BMW's hybrid-V8 long-roofed monster will begin in the fourth quarter of this year, so U.S. sales might not kick off until around the early months of 2025. "Enthusiasts across the country have made their voices heard and their wish has been granted," the company said. Now our job is to let the sales speak even louder.