4 days ago
Your Car's Color Might Be Killing Its Resale Value
If you're someone concerned about resale value, then the color you pick might be more important than you think. A new study reveals that not all cars depreciate the same, and if you want to get the most money for your vehicle down the line, you're better off going bright and flashy.
According to the latest
iSeeCars
study, yellow and orange vehicles depreciated by 24.0 and 24.4 percent, respectively, over a three-year period. Green cars also held their value, depreciating 26.3 percent. That's better than the three-year average depreciation of 31.0 percent.
Overall Rank
Color
3-Year % Depreciation
$ Difference from MSRP
1
Yellow
24.0%
$13,667
2
Orange
24.4%
$9,951
3
Green
26.3%
$13,152
4
Beige
29.5%
$18,455
5
Red
29.8%
$13,013
6
Silver
29.8%
$12,636
7
Brown
30.4%
$14,197
8
Gray
30.5%
$13,648
9
Blue
30.9%
$14,994
10
Black
31.9%
$15,381
11
White
32.1%
$15,557
12
Gold
34.4%
$16,679
Gold-colored vehicles fared the worst, losing 34.4 percent of their value. White and black, two of the
most popular colors
, were also at the bottom, depreciating 32.1 and 31.9 percent.
This is likely because 'those colors provide zero distinction in the used market, reducing their value and making it easy for buyers to shop around for the lowest-priced model in these shades,' according to
iSeeCars
Executive Analyst Karl Brauer.
However, the type of vehicle the color is on also matters.
Orange trucks lost 16.0 of their value in the study, followed by green and gray. Shockingly, red trucks lost the most, but just barely, at 28.8 percent. Black, white, and beige were below red but all above 28.0 percent depreciation.
Orange and green SUVs lost the least amount of value compared to black, brown, and white models, while orange and green sedans held theirs better than the other colors. And if you're looking for a minivan, get a green one. They lost just 15.3 percent of their value in three years, followed by brown vans, which lost 21.3 percent.
iSeeCars compared 1.2 million three-year-old used cars to determine the impacts of color on resale value. Check out
the full study
for all the details.
Check Out More Interesting Studies:
Mazda Miata Owners Barely Drive Their Cars: Study
Kia Is 'Seriously Studying' a Pickup Truck for America
Get the best news, reviews, columns, and more delivered straight to your inbox, daily.
back
Sign up
For more information, read our
Privacy Policy
and
Terms of Use
.
Source:
iSeeCars
Share this Story
Facebook
X
LinkedIn
Flipboard
Reddit
WhatsApp
E-Mail
Got a tip for us? Email:
tips@
Join the conversation
(
)
