GWM Steed value and depreciation
Known for long-running budget workhorse bakkie.
Projected value of a new GWM Steed
We class the GWM Steed 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 248 454 | R 218 640 |
| 3 years | 65% | R 200 711 | R 176 626 |
| 5 years | 52% | R 158 841 | R 139 780 |
| 7 years | 40% | R 123 118 | R 108 344 |
| 10 years | 27% | R 82 269 | R 72 397 |
Estimates for a new purchase at R 307 950; retail basis, trade-in ≈ 12% under retail.
GWM's bakkie stalwart has been on sale in SA in various forms since 2007, spanning Steed 3, 5, 5E and 6 versions. Today only the Steed 5 workhorse remains, one of the cheapest one-ton bakkies you can buy new. Small businesses buy it on price, though resale lags the established Japanese options.
What used Steed 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 Steed | R 307 950 | R 270 996 | Details → |
| 2025 Steed | R 235 502 | R 207 242 | Details → |
| 2024 Steed | R 200 634 | R 176 558 | Details → |
| 2023 Steed | R 170 928 | R 150 417 | Details → |
| 2022 Steed | R 144 131 | R 126 835 | Details → |
| 2021 Steed | R 121 534 | R 106 950 | Details → |
| 2020 Steed | R 101 421 | R 89 250 | Details → |
| 2019 Steed | R 84 636 | R 74 480 | Details → |
| 2018 Steed | R 70 629 | R 62 154 | Details → |
| 2017 Steed | R 58 324 | R 51 325 | Details → |
| 2016 Steed | R 48 163 | R 42 383 | Details → |
| 2015 Steed | R 39 772 | R 34 999 | Details → |
Steed against its rivals
Where the Steed ranks
GWM Steed: common questions
What is a GWM Steed worth after 3 years?
A GWM Steed bought new today for R 307 950 is projected to be worth about R 200 711 after three years, which is 65% of its price. A dealer trade-in offer would sit closer to R 176 626.
Does the GWM Steed hold its value?
We class the GWM Steed 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 Steed cost?
As a guide: a 2024 model is worth about R 200 634 retail today, while a 2015 model sits around R 39 772. Condition, mileage and spec move real prices by 10% or more either way.
What would a GWM Steed cost per month?
Financing a new GWM Steed at R 307 950 over 72 months at 11.75% with a 10% deposit comes to roughly R 5 382 per month before bank fees and insurance.
Keep going
All figures are modelled estimates for planning, not offers or valuations. Data reviewed 2026.