GWM P500 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 64%, worth about R 221 607 at trade-in time.
Both curves, one chart
Head to head
| P500 | Hilux | |
|---|---|---|
| New price (from) | R 799 900 | R 379 700 |
| ±Monthly instalment | R 13 981/m | R 6 637/m |
| Retained after 1 year | 80% | 87% |
| Retained after 3 years | 64% | 76% |
| Value after 3 years | R 509 896 | R 288 289 |
| Lost to depreciation (3y) | R 290 004 | R 91 411 |
| Value after 5 years | R 398 772 | R 245 282 |
| Our tier | Chinese (established) | Workhorse bakkie & ladder-frame SUV |
GWM P500 →
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.
Known for: flagship bakkie spec at mid-range money
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 P500 or the Toyota Hilux?
The Toyota Hilux. It keeps about 76% of its price after three years against 64% for the GWM P500, a gap of 12 points.
Which is cheaper to own over three years?
Depreciation is the biggest ownership cost. The GWM P500 loses about R 290 004 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 P500 runs about R 13 981 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.