Audi first debuted its all-new Q5 midsized SUV as far back as the April 2008 Beijing Motor Show but now the vehicle is due to start rolling into U.S. dealerships next week. Audi has confirmed that it will be available with a 3.2L V6 FSI direct injection engine, quattro AWD, and a six-speed Tiptronic automatic. Pricing, announced today, will start at $37,200.

The base Audi Q5 Premium starts at $37,200. Pricing for the Audi Q5 Premium Plus starts at $41,500, and the Audi Q5 Prestige starts at $48,200. Prices do not include a destination charge of $825, taxes, title or dealer charges.

Overseas the Q5 is available with a compact 2.0L FSI petrol engine and a pair of turbodiesels, displacing 2.0 and 3.0L, as well as a seven-speed S tronic dual-clutch transmission. The petrol V6 engine destined for the American-spec cars is rated at 270hp and 243lb-ft of torque. This is enough for a 0-60mph time of 6.7 seconds and a 4,400 pound towing capacity. Fuel economy is also reasonable, with a claimed 18mpg in the city and 23 on the highway.

The new Q5 measures 4.63m in length (wheelbase is 2.81m), 1.88m across and sits 1.65m tall. It also has a class-leading drag coefficient of 0.33. To save weight engineers used aluminum for much of the vehicle’s construction including the wraparound tailgate and hood.

Inside, there’s space for five and the rear seats are angle-adjustable and can be folded away to expand storage space from 540 to 1,560L. Standard features for U.S. customers include 12-way power adjustable front seats and Audi’s third-generation MMI vehicle interface system. Optional extras include a rail mounting kit for luggage, a luggage compartment liner, a 14-speaker Bang & Olufsen stereo, a hard-disc based navigation system, and LED tail-lamps.

Additional features of the Audi Q5 include keyless access, a tire pressure monitoring system, a large panoramic sunroof, tri-zone climate control, sun blinds for the rear side windows, adaptive cornering lights and an electric tailgate.

Next year, the Q5 lineup will grow to include a hybrid model as confirmed by Audi’s head of powertrain development, Wolfgang Hatz. For more details check out our previous story by clicking here.