The BMW E34 is the third generation of the BMW 5 Series, which was produced from November 2, 1987, until 1996. Initially launched as a sedan in January 1988, the E34 also saw a "Touring" station wagon (estate) body style added in September 1992, a first for the 5 Series. BMW replaced the E34 with the E39 5 Series in December 1995, although E34 Touring models remained in production until June 1996.

The BMW E39 is the fourth generation of the BMW 5 Series range of executive cars, which was manufactured from 1995 to 2004. It was launched in the sedan body style, with the station wagon body style introduced in 1996. The E39 was replaced by the E60 5 Series in 2003, however E39 Touring models remained in production until May 2004.