The best replacement for 540i is m5.

The best alternatives to 540i are rated as following:
★★★★★  m5
★★★★★  545i
★★★  530i
★★★  740i
★★★  330i
★  528i
★  550i
★  e36 m3
★  540ia
★  330ci
★  e430
★  gs400
★  m5 e39
★  535i
★  e55
★  zhp
★  clk430
  e500

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Google Trends

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540i
m5
545i