The 3 best (and 3 worst) car colors for resale value

Optimizing the shopping experience when buying a car requires some forethought. Find out the best time of year for deals and the states with the cheapest prices. If you’re planning to shop online, it’s a good idea to familiarize yourself with helpful tips before you begin your search. If you’re shopping in person, it can be worth learning how to haggle before heading to the dealer.

And then of course you have to decide what kind of car you want – and what color you want it. Aside from personal preference, another important factor to consider is how color can affect a car’s resale value. So which shades should you look for and which should you avoid?

To answer this question, iSeeCars analysts first compiled a list of 650,000 vehicles that were launched in 2019 and resold between August 2021 and May 2022. They then compared the original manufacturer’s recommended retail price (MSRP) – adjusted for inflation – with the average price tag on the used car. According to their findings, reselling a yellow car gets you the most money for your bang.

Over three years, the yellow vehicles lost an average of 4.5 percent in value, meaning they cost about $3,155 less than their MSRP. For comparison, the average depreciation for all vehicles included in the study was 15 percent, or about $6096, below the average MSRP.

“Yellow is one of the least popular car colors with the lowest proportion of vehicles and is generally a color for sports cars and other low-volume vehicles that hold their value relatively well,” said iSeeCars Executive Analyst Karl Brauer. “Because yellow vehicles are so new to the used market, people are willing to pay a premium for them.”

The same applies to the two colors with the best resale value after yellow: orange with an average depreciation of 10.7 percent and purple with 13.9 percent. On the other hand, a brown vehicle is about as hard to resell as you might expect. Its three-year depreciation value was nearly 18 percent — the highest of any color on the list. “Rarity alone does not equal value,” said Brauer. “If a color doesn’t resonate with enough used car buyers, even if it’s unusual, it hurts its resale value.”

Check out the stats for the top three and bottom three colors for resale value below and see the full list here.

  1. Yellow // 4.5 percent (-$3155)
  2. Orange // 10.7 percent (-$3825)
  3. Purple // 13.9 percent (-$5461)
  1. Brown // 17.8 percent (-$7642)
  2. Gold // 16.7 percent (-$6719)
  3. Black // 16.1 percent (-$6993)

#worst #car #colors #resale

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