Car values have fluctuated recently. Depending on what you drive and your loan that could be a good or bad thing. Used car value is returnwhile new car prices continue to get out of reach. If you already own a car and are looking to get rid of it, maybe with a trade-in or sold privately, a number of things can affect the value of the vehiclelike color. A new study by iSeeCars indicates which color gets the highest and least resale value from a vehicle.
iSeeCars analyzed data from 1.3 million used vehicles over the past three years and found that bright colors have the best resale value. Yellow, beige, orange, and green is in the top four colors with the best resale value. Yellow cars hold their value best. An average car loses 22.5% of its value after three years; yellow cars lost only 13.5 percent.
The owner of the darker color the vehicle seems most severely affected. Colors like purple, silver, and round black at the bottom of the list. sorry gold Car buyers, your car depreciates the most with gold automobiles increased by 25.9% in value in just three years.
Things get a bit strange when you look at the data broken down by vehicle segment. For SUVs, yellow was the top color with only 9.1% of value lost; Gold was the worst with 27 percent of its value lost in three years. Meanwhile, bpale yellow is the number one color with beige pickups losing just 7.9% of their value in three years; Silver trucks were hit hardest with 16.5% lost.
Strange brown — but beautiful — is the best color for sedans. Brown sedans lose 16.5% of their value in three years. Why brown? iSeeCars say it’s a safe color. “Brown is a conservative, non-flashy color that blends in and doesn’t create any ripples, which seems to make it popular with buyers in this category.” Purple sedans fare the worst with a 24.6% drop over three years. Yellow is favored on coupes, which is not surprising. Yellow coupes lose 15% of their value; silver coupes were hit hard with 30.1% of their value lost over three years. For minivans, green was the best with a 19.8% drop over three years. The silver and black minivans made the biggest impact of any vehicle in all segments with a whopping 36% drop in value over three years.
While the results of the study could be an interesting tool to help car buyers, it also sends a message to the automakers who have brought out dull-colored cars. market. So automakers note: we need more yellow, orange, and the green cars!
