GWM P-Series (P300) vs Toyota Hilux
Value retention, real cost and monthly money, compared on the same 2026 South African data.
The Toyota Hilux wins on money kept: 76% retained after three years vs 65%, worth about R 16 504 at trade-in time.
Both curves, one chart
Head to head
| P-Series (P300) | Hilux | |
|---|---|---|
| New price (from) | R 414 950 | R 379 700 |
| ±Monthly instalment | R 7 253/m | R 6 637/m |
| Retained after 1 year | 81% | 87% |
| Retained after 3 years | 65% | 76% |
| Value after 3 years | R 271 785 | R 288 289 |
| Lost to depreciation (3y) | R 143 165 | R 91 411 |
| Value after 5 years | R 215 653 | R 245 282 |
| 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
Toyota Hilux →
South Africa's best-selling vehicle for most of the past two decades, built locally in Durban. The range runs from basic single cab workhorses under R400k to the new ninth-generation double cabs approaching R1 million. Used Hilux values hold up better than almost anything else on the market, which keeps demand strong even for high-mileage examples.
Known for: unkillable reputation and rock-solid resale
Common questions
Which holds value better, the GWM P-Series (P300) or the Toyota Hilux?
The Toyota Hilux. It keeps about 76% 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 Toyota Hilux loses about R 91 411. 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 Toyota Hilux about R 6 637, before fees and insurance.
Keep going
Modelled estimates on a retail basis; spec levels and real transaction prices vary.