GWM P-Series (P300) vs Isuzu D-Max
Value retention, real cost and monthly money, compared on the same 2026 South African data.
The Isuzu D-Max wins on money kept: 75% retained after three years vs 65%, worth about R 55 718 at trade-in time.
Both curves, one chart
Head to head
| P-Series (P300) | D-Max | |
|---|---|---|
| New price (from) | R 414 950 | R 433 860 |
| ±Monthly instalment | R 7 253/m | R 7 583/m |
| Retained after 1 year | 81% | 87% |
| Retained after 3 years | 65% | 75% |
| Value after 3 years | R 271 785 | R 327 503 |
| Lost to depreciation (3y) | R 143 165 | R 106 357 |
| Value after 5 years | R 215 653 | R 277 709 |
| Our tier | Chinese (established) | Workhorse bakkie & ladder-frame SUV |
GWM P-Series (P300) →
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.
Known for: value double cab with car-like cabin
Isuzu D-Max →
Locally built in Gqeberha, the D-Max name replaced the long-running KB badge in 2018 and an all-new generation followed in 2022. It sits alongside the Hilux and Ranger among SA's top-selling bakkies and holds value well thanks to its fleet and farming following. The 3.0 diesel in particular has a reputation for going huge mileages without drama.
Known for: unbreakable workhorse reputation and strong resale
Common questions
Which holds value better, the GWM P-Series (P300) or the Isuzu D-Max?
The Isuzu D-Max. It keeps about 75% of its price after three years against 65% for the GWM P-Series (P300), a gap of 10 points.
Which is cheaper to own over three years?
Depreciation is the biggest ownership cost. The GWM P-Series (P300) loses about R 143 165 over three years and the Isuzu D-Max loses about R 106 357. Fuel, insurance and servicing can narrow or widen that, but the depreciation gap is the number to start from.
What do they cost per month?
On typical finance (10% deposit, 72 months, 11.75%), the GWM P-Series (P300) runs about R 7 253 per month and the Isuzu D-Max about R 7 583, before fees and insurance.
Keep going
Modelled estimates on a retail basis; spec levels and real transaction prices vary.