GWM P-Series (P300) value and depreciation
Known for value double cab with car-like cabin.
Projected value of a new GWM P-Series (P300)
We class the GWM P-Series (P300) as a chinese (established) in our 12-tier model, which puts its retention at roughly 65% after three years and 52% after five. Chery, Haval and GWM now hold book value close to mainstream rivals, but dealers still offer noticeably less on trade-in and the long-term durability story is unwritten.
Retention table
| After | Retained | Retail value | Trade-in |
|---|---|---|---|
| 1 year | 81% | R 335 631 | R 295 355 |
| 3 years | 65% | R 271 785 | R 239 171 |
| 5 years | 52% | R 215 653 | R 189 775 |
| 7 years | 40% | R 167 636 | R 147 520 |
| 10 years | 27% | R 112 530 | R 99 026 |
Estimates for a new purchase at R 414 950; retail basis, trade-in ≈ 12% under retail.
Launched in late 2020 as the P-Series and renamed P300 with the early 2025 update, this is GWM's mainstream one-ton bakkie. It undercuts the Hilux and Ranger by a wide margin while offering a plush cabin, and it has become a consistent seller. Turbodiesel single and double cabs cover both work and leisure use.
What used P-Series (P300) years are worth today
Tap a year for the full breakdown: value range, remaining depreciation, and what to pay.
| Year | Est. retail today | Trade-in | |
|---|---|---|---|
| 2026 P-Series (P300) | R 414 950 | R 365 156 | Details → |
| 2025 P-Series (P300) | R 318 134 | R 279 958 | Details → |
| 2024 P-Series (P300) | R 271 356 | R 238 793 | Details → |
| 2023 P-Series (P300) | R 231 455 | R 203 680 | Details → |
| 2022 P-Series (P300) | R 195 425 | R 171 974 | Details → |
| 2021 P-Series (P300) | R 165 004 | R 145 204 | Details → |
| 2020 P-Series (P300) | R 137 894 | R 121 347 | Details → |
P-Series (P300) against its rivals
Where the P-Series (P300) ranks
GWM P-Series (P300): common questions
What is a GWM P-Series (P300) worth after 3 years?
A GWM P-Series (P300) bought new today for R 414 950 is projected to be worth about R 271 785 after three years, which is 65% of its price. A dealer trade-in offer would sit closer to R 239 171.
Does the GWM P-Series (P300) hold its value?
We class the GWM P-Series (P300) as a chinese (established) in our 12-tier model, which puts its retention at roughly 65% after three years and 52% after five. Chery, Haval and GWM now hold book value close to mainstream rivals, but dealers still offer noticeably less on trade-in and the long-term durability story is unwritten.
What does a used GWM P-Series (P300) cost?
As a guide: a 2024 model is worth about R 271 356 retail today, while a 2020 model sits around R 137 894. Condition, mileage and spec move real prices by 10% or more either way.
What would a GWM P-Series (P300) cost per month?
Financing a new GWM P-Series (P300) at R 414 950 over 72 months at 11.75% with a 10% deposit comes to roughly R 7 253 per month before bank fees and insurance.
Keep going
All figures are modelled estimates for planning, not offers or valuations. Data reviewed 2026.