It is a bit of a mix. I agree with Paul S as I have purchased a Silver Series Squier recently and can back up his comments. I also have a heavily modified Harley Benton Shorty P bass which has a Delano pick up and it sounds and plays great. Then again not quite a P bass but I have an ACG TKO short scale with a P pick up which has become my go to bass, but, any of the 3 are extremely usable and sound great but each is slightly different.
Conclusion: you don't have to spend megabucks, one of the above was less that £200, the other under £300.