2023-06-12 12:56:04
Yellow car owners can save more than $3,000 when it’s time to sell or trade in their vehicle, according to the latest study from iSeeCars, which analyzed more than 1.6 million vehicles to compare how different colors impact resale value.
Key findings from the study include:
The average 3-year-old car loses $9,674 in value, but color can drastically change that number
The colors with the highest resale value are different for each vehicle category
Beware of supposedly “popular” car colors like gold, brown, and black, which lose most of the value.
Here are the eight car colors with the lowest depreciation:
|
Depreciation of the vehicle following 3 years due to the color of the car |
||||
|
Position |
Color |
3 years in % Depreciation |
$ Difference over new price (in dollars) |
Compared to the general average |
|
1 |
Yellow |
13.5% |
$6,588 |
0.6x |
|
2 |
Beige |
17.8% |
$8,411 |
0.8x |
|
3 |
Naranj |
18.4% |
$7,023 |
0.8x |
|
4 |
Verde |
19.2% |
$8,719 |
0.9x |
|
5 |
Rojo |
20.6% |
$8,538 |
0.9x |
|
6 |
Blanco |
21.9% |
$9,695 |
1.0x |
|
7 |
Azul |
22.0% |
$9,216 |
1.0x |
|
8 |
Gris |
22.5% |
$9,425 |
1.0x |
|
General average |
22.5% |
$9,674 |
– |
|
iSeeCars research identifies the disparity between the supply and demand of different colors in the used car market.
While yellow is not a highly desired color, there are more people searching for yellow cars than yellow cars are available, giving that color additional value in the secondary market.
| Depreciation of trucks by color (in dollars) | |||
| Position | Color | 3 years % Devaluation | Initial price difference |
| 1 | Beige | 7.9% | $3,640 |
| 2 | Orange | 10.9% | $4,993 |
| 3 | Green | 11.6% | $6,189 |
| 4 | Brown | 13.2% | $6,932 |
| 5 | Gray | 15.1% | $7,411 |
| 6 | White | 15.1% | $7,545 |
| Average | 15.6% | $7,786 | |
| 7 | Black | 16.1% | $8,232 |
| 8 | Red | 16.1% | $8,114 |
| 9 | Purple | 16.2% | $8,553 |
| 10 | Blue | 16.3% | $8,184 |
| 11 | Silver | 16.5% | $8,042 |
The same can be said for other colors, including beige, orange, and green.
“A casual glance at the roads or parking lots suggests that black, white and silver are the most popular colors,” said Karl Brauer, executive analyst at iSeeCars.
“That may be true, but there are more than enough cars painted in those colors to meet market demand, which hurts resale value.
This study proves it: Buyers looking for above-average resale value should buy non-average colors, including yellow, beige, orange and green.”
| Depreciation of sedans by color (in dollars) | |||
| Position | Color | 3 years % Devaluation | $ Initial price difference |
| 1 | Brown | 16.8% | $5,292 |
| 2 | Red | 17.4% | $5,542 |
| 3 | Orange | 18.8% | $7,048 |
| 4 | Blue | 18.9% | $6,545 |
| 5 | Beige | 19.3% | $7,782 |
| 6 | Green | 20.1% | $9,976 |
| 7 | Yellow | 20.4% | $7,821 |
| Average | 20.9% | $7,353 | |
| 8 | White | 21.0% | $7,656 |
| 9 | Silver | 21.2% | $6,745 |
| 10 | Gray | 21.3% | $7,339 |
| 11 | Black | 22.6% | $8,459 |
| 12 | Gold | 23.3% | $10,015 |
| 13 | Purple | 24.6% | $7,265 |
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#car #colors #lowest #depreciation
