I recently bought a P-01 and am looking to sell my M&P40. Local gun shops won’t even take them on consignment because no one wants to buy them. They said I’d be lucky to get $150. (P-01 is awesome by the way…)
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Congrats on your CZ P01 
Yes that is an awesome handgun.
I have “Omega” version and even I stoped shooting her I will never get rid of her.
Regarding your M&P 40.
Go to GunBroker website and check the price of this model.
Price depends on gun’s condition and accessories but I wouldn’t expect to get more than $180 - $200. Subtracting all the time and costs… I’d suggest to keep it or if you visit any local Gun Shows try to sell it there, avoiding any third parties fees.
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Hang on to it for a while, firearm values follow trends like everything else.
I struggled to sell a 380 pistol for $350 some time back because nobody wanted a 380. Selling price for that pistol today is $650 and up. I have a 40 I was offered $100 to trade in. Since it has a rail I added a light and it has become my bedside piece.
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I have a M&P shield a Glock 27 and a Beretta Centurion all in .40 and i love them all. I know ammo tends to be at least double that of 9mm but that’s ok i got it all during the looming Obama administration lol. (Before all ammo skyrocketed). I often refer to my 40’s as 10mm light/special(Corte) in reality the 10mm is really just a .40 magnum.
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Also remember gun shops are out to make money. I’ve never seen a gun shop offer anything decent for used guns. On a personal sale hopefully to someone you know sell the fact that .40S&W is a much better round if you want to stop a threat in its tracks compared to a 9mm a round that years ago was considered weak.
Using my logic a 9mm is eally just a .380 magnum. Lol
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Get a .40 to 9 mm conversion barrel some magazines and you have a fresh gun in the stable
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How much do you want?
PS: don’t tell my wife or @Karacal that I’m asking
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That’s weird to hear. One of my carry pistol is an M&P40, great pistol,shoots great, easy to conceal with summer clothes on, it’s actually my second favorite to carry.
One of my best buddy, a combat vet, carries his every day.
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I’ve been hearing about this trend for a while now, that people have moved away from .40, including LE agencies, switching back to 9mm. So many of the Aim Surplus emails titled “LEO Trade Ins” are usually a long list of .40s that various agencies are dumping. One store I frequent won’t even stock any .40s because there’s no demand anymore. I’m not criticizing the round and I know there are a lot of loyalists out there. I’ve just been hearing about this shift taking place for several years now.
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You are right that 40 is not as popular as it used to be, but as long as ammo is easily available, it’s still a viable option between 9 and 45.
Don’t get me wrong, I love other calibers as well, I’m a gun-hoe after all 
I have 6 different calibers in handguns 
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Had I known about 4 months ago, we would negotiate. Bought a 40 cal and have not fired it once due to weather conditions. We have a small area used as a range but with the summer drying, it is not considered safe to use without wetting everything down. Just not worth it for one user, one pistol running a box of ammunition. After it rains, there will be a lot of different calibers put down range. All local approved ranges are 40 miles away and have an hour wait to get inside.
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Hey @Karacal
@TheKid wants to buy M&P 40.
Are you ok with it? Or ask his wife, hopefully she’s got an answer.
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I say buy 2. You only live once! 
Or 1 VP40, his wife didn’t mind when I bought mine.
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I have a Glock 22 that I retired with as an LEO, which is my bedside table pistol, for my EDC it’s a Glock 27. If I need a quick pocket gun on occasion I will sometimes carry a J frame S&W .38+P. I know that the 9mm is all the rage now but I prefer calibers that begin with .4 as does my Kimber 1911 in .45.
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I like it and it shoots really well. I swapped out the sear and polished everything, so the trigger is smooth (its a 1.0 not 2.0, so it needed it). Never jams. But the CZ P01 is just a much better gun for me (aside from the lesser caliber argument). And honestly, i can handle a 9mm better than a 40, especially the way the CZ fits my hands. I just dont think i will shoot the MP that much anymore, so i’d rather sell it to someone that will enjoy it. If anyone here wants it, happy to sell.
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I believe that there is a 40 to 9mm conversation barrel available for the M&P 40. Try with the popular online sites.
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@Sam_G Welcome to our community, we are glad to have you here with us. 
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Good advise right there!
I don’t know what length barrel the OP has but here are a couple I found real quick:
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@David1657 Welcome to the community!