buying 5 Colors That Help Your Car’s Resale Value — and 8 That Hurt

20:21  08 december  2017
20:21  08 december  2017 Source:   Money Talks News

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5 car colors that help resale value . Yellow is one of five colors associated with below-average depreciation in the first three years of ownership 8 car colors that hurt resale value .

Random Fact Of The Day: The Five Colors That Help – And Hurt – Your Car ' s Resale Value . And their new study looked at which car colors bring the most money when you resell…and which don’t.

Driving© Lisa S. / Shutterstock.com Driving Here’s one more factor to consider before buying a car: whether its color boosts or dings its resale value.

The color of a car can impact how well it retains its value — and thus the car’s resale value — according to a new iSeeCars.com analysis.

Research

Research

The website crunched the numbers on some 2.1 million used car sales, looking at model year 2014 vehicles of all colors that sold between September 2016 and August of this year.

On average, those cars depreciated 33.1 percent in the first three years of ownership. But when iSeeCars.com broke them out by color, depreciation over the same time period ranged from as little as 27 percent for yellow vehicles to as much as 37.1 percent for gold vehicles.

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Here’s one more factor to consider before buying a car : whether its color boosts or dings its resale value . The color of a car can impact how well it retains its value — and thus the car ’ s resale value — according to a new iSeeCars.com analysis.

Here’s one more factor to consider before buying a car : whether its color boosts or dings its resale value . The color of a car can impact how well it retains its value — and thus the car ’ s resale value

5 car colors that help resale value

Yellow is one of five colors associated with below-average depreciation in the first three years of ownership:

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5 Colors That Help Your Car ’ s Resale Value — and 8 That Hurt . The color of your car can have a big impact on how much money you can sell it for later. Consider these colors carefully. moneytalksnews.com.

Random Fact Of The Day: The Five Colors That Help – And Hurt – Your Car ' s Resale Value . And their new study looked at which car colors bring the most money when you resell…and which don’t. Here are the five colors you SHOULD get

  • Yellow: 27 percent depreciation
  • Orange: 30.6 percent
  • Green: 30.9 percent
  • White: 32.6 percent
  • Red: 32.7 percent

Yellow as well as orange and green are uncommon car colors — collectively comprising only 1.2 percent of all three-year-old cars. Phong Ly, CEO of iSeeCars.com, notes this could contribute to demand and thus help cars of these three colors maintain their value.

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Even popular body styles have below-average depreciation rates among yellow vehicles. For example, in the first three years of ownership:

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“The more unusual colors , such as orange, yellow, and green, are not as readily available (making up only 1. 5 percent of all vehicles), yet they are popular with enough car buyers to create a demand that directly affects their resale value .”

  • Yellow SUVs depreciate by an average of only 25.8 percent — compared with 30.9 percent for all SUVs.
  • Yellow pickup trucks depreciate by an average of only 10.8 percent — compared with 20.9 percent for all pickup trucks.

8 car colors that hurt resale value

Gold is one of eight colors associated with above-average depreciation in the first three years of ownership:

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Related: How to Keep Your Car ' s Resale Value High. David Wurster, president of Vincentric, a company that provides car -valuation data, shared things that especially hurt a car ' s resale value

Specific improvements are likely to add a greater value on specific makes and models. “For example, if you own a luxury car that doesn’t have a sunroof in it, that could actually hurt the resale value of that car more than it would a midsize family sedan like a Toyota Camry

  • Gold: 37.1 percent depreciation
  • Purple: 36.7 percent
  • Beige: 36.6 percent
  • Silver: 34 percent
  • Black: 33.6 percent
  • Gray: 33.5 percent
  • Brown: 33.5 percent
  • Blue: 33.5 percent

What these numbers mean for you

Before weighing how the color of your next car will impact its resale value, account for whether you’re buying new or used. Not that we advocate buying brand-new vehicles — there’s a reason we list cars as No. 1 in “10 Things You Really Shouldn’t Buy New.”

As far as color is concerned, though, Ly explains:

“Consumers considering purchasing a new car may want to look for something in yellow, orange, or green, because they’ll get more value if they sell their car after a few years. However, consumers looking for a used car may want to consider something in gold, purple, or beige, because those cars will have already taken a larger proportion of the depreciation hit.”

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The “blue book” value used car buyers talk about when pricing a vehicle was written by these folks, who've been handing out their Best Resale Value Awards since 2003. Resale value retained after five years: 49%. Nearly 400 pounds lighter, a bit wider, lit in 24 colors and rocking a 6.2-liter V 8 with

Site Help . “The more unusual colors , such as orange, yellow, and green, are not as readily available (making up only 1. 5 percent of all vehicles), yet they are popular with enough car buyers to create a demand that directly affects their resale value ,’’ said Ly in a statement.

If you’re in the market for a new car, whether used or brand-new, be sure to first check out:

  • 11 Essential Tips for Buying the Right Car at the Right Price
  • It’s a Great Time to Buy a Used Car — Just Take These 5 Steps First
  • 6 Secrets Car Dealers Hope You Don’t Know

What do you make of the potential impact of your car’s color on its resale value based on this analysis? Sound off on our Facebook page.

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