Chevrolet Lumina Ute value and depreciation
Known for v8 muscle bakkie cult following.
Depreciation curve
We class the Chevrolet Lumina Ute as a orphan & discontinued in our 12-tier model, which puts its retention at roughly 55% after three years and 41% after five. When a brand leaves South Africa its residuals collapse. No dealer network means no price floor.
Retention table
| After | Retained |
|---|---|
| 1 year | 74% |
| 3 years | 55% |
| 5 years | 41% |
| 7 years | 30% |
| 10 years | 19% |
Estimates for a new purchase at list price; retail basis, trade-in ≈ 12% under retail.
South Africa's take on the Holden Ute arrived in 2004, with SS versions packing 6.0-litre V8 power. Just over 2 000 were sold, and tidy V8 examples now trade as enthusiast cars rather than workhorses. Parts come through Holden channels, which are themselves shrinking.
Lumina Ute against its rivals
Chevrolet Lumina Ute: common questions
Does the Chevrolet Lumina Ute hold its value?
We class the Chevrolet Lumina Ute as a orphan & discontinued in our 12-tier model, which puts its retention at roughly 55% after three years and 41% after five. When a brand leaves South Africa its residuals collapse. No dealer network means no price floor.
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All figures are modelled estimates for planning, not offers or valuations. Data reviewed 2026.