GWM P500 value and depreciation
Known for flagship bakkie spec at mid-range money.
Projected value of a new GWM P500
We class the GWM P500 as a chinese (established) in our 12-tier model, which puts its retention at roughly 64% after three years and 50% 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 | 80% | R 638 003 | R 561 443 |
| 3 years | 64% | R 509 896 | R 448 708 |
| 5 years | 50% | R 398 772 | R 350 919 |
| 7 years | 38% | R 305 105 | R 268 492 |
| 10 years | 25% | R 199 717 | R 175 751 |
Estimates for a new purchase at R 799 900; retail basis, trade-in ≈ 12% under retail.
GWM's flagship bakkie arrived in August 2024 to fight the Ranger and Amarok on space and luxury rather than just price. Buyers choose between a 2.4 turbodiesel and a powerful petrol hybrid. It is still new to the market, so long-term resale is unproven.
What used P500 years are worth today
Tap a year for the full breakdown: value range, remaining depreciation, and what to pay.
P500 against its rivals
Where the P500 ranks
GWM P500: common questions
What is a GWM P500 worth after 3 years?
A GWM P500 bought new today for R 799 900 is projected to be worth about R 509 896 after three years, which is 64% of its price. A dealer trade-in offer would sit closer to R 448 708.
Does the GWM P500 hold its value?
We class the GWM P500 as a chinese (established) in our 12-tier model, which puts its retention at roughly 64% after three years and 50% 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 P500 cost?
As a guide: a 2024 model is worth about R 512 445 retail today, while a 2024 model sits around R 512 445. Condition, mileage and spec move real prices by 10% or more either way.
What would a GWM P500 cost per month?
Financing a new GWM P500 at R 799 900 over 72 months at 11.75% with a 10% deposit comes to roughly R 13 981 per month before bank fees and insurance.
Keep going
All figures are modelled estimates for planning, not offers or valuations. Data reviewed 2026.