What color car has the best resale?
When it comes to car ownership, one of the key factors to consider is the resale value of the vehicle. The color of a car can have a significant impact on its resale value, and certain colors tend to hold their value better than others. In this article, we'll explore the best car colors for resale value and why they are preferred by buyers.
The Importance of Resale Value
Resale value is the amount of money a car is worth when it's sold or traded in, typically after a few years of ownership. A car with a high resale value means that the owner will be able to recoup a larger portion of the original purchase price when it's time to sell or trade it in. This is important because it can help offset the overall cost of owning the vehicle.
The Best Car Colors for Resale Value
According to industry experts, the best car colors for resale value are typically neutral tones, such as black, white, gray, and silver. These colors are generally the most popular and in-demand among buyers, making them easier to sell.
- Black cars tend to have the highest resale value, as they are a classic and timeless color that never goes out of style.
- White cars are also highly sought after, as they are clean, modern, and easy to maintain.
- Gray and silver cars are popular choices as well, as they are versatile and can complement a wide range of personal styles.
In contrast, more vibrant or unique colors, such as red, blue, or yellow, may have lower resale values. These colors can be more difficult to sell, as they may not appeal to as wide a range of buyers.
Factors That Affect Resale Value
While color is a significant factor, there are other elements that can impact a car's resale value, such as the make, model, mileage, and overall condition of the vehicle. Proper maintenance and care can also help preserve a car's value over time.
By considering the best car colors for resale value and other factors that affect a vehicle's worth, car buyers can make more informed decisions and potentially save money in the long run.
What color makes you sell more?
Blue boosts sales indirectly. It's associated with calm, tranquility and stability, which means it's a popular color for financial institutions. It's also a popular color whenever you want to make people think of security and serenity. So big-ticket items that have a lot riding on them often use blue.
What color makes a car look more expensive?
Metallic Black – Black, especially when metallic or with a deep gloss finish, exudes sophistication and timeless elegance. It's often associated with luxury vehicles and can make almost any car model look more expensive and authoritative.
Which color car would you avoid?
Black Cars
Some research has revealed that black vehicles are the most dangerous on the road. At least one study found that you're 47 percent more likely to be in a crash if you drive a black vehicle. Other studies also find that black is the most dangerous color, but offer a more reserved projection.
What color holds the most value?
Yellow
Yellow, Orange
While it may be among the least popular color choices, yellow is the vehicle color that holds its value best overall, depreciating 70 percent less than the average vehicle. You'll typically find it on sports cars and low volume vehicles that typically hold their value relatively well.
What color car not to buy?
According to the National Insurance Crime Bureau (NICB), black, silver, white, green and gold are the colors most associated with vehicle thefts. Colors that more easily blend in with a crowd–white, gray, silver and black–tend to be reported stolen the most.
Which car color holds its value best?
As of June 2023, the car colors that retain a higher resale value are:
- Yellow (13.5% value lost over three years)
- Orange (18.4% value lost over three years)
- Red (20.6% value lost over three years)
- White (21.9% value lost over three years)
- Blue (22.0% value lost over three years)
- Gray (22.5% value lost over three years)
What color car is the hardest to sell?
Worst Car Colours for Resale Value:
- Gold: While it may be a unique choice for some, gold cars often have lower resale values as they may be seen as dated or less universally appealing.
- Purple: As a less common and quite specific colour, purple cars can be harder to sell and might fetch a lower resale price.
What is the #1 most depreciating car?
At the top of the list, the Maserati Quattroporte loses nearly two-thirds of its value after five years. First introduced in 1963, the car is Maserati's flagship, and is on its sixth iteration as a four-door luxury sedan, with a high performance Ferrari–made V6 or V8 engine.
What color car depreciates the fastest?
A color's rarity is no guarantee that it will resist depreciation. Brown, a shade that is uncommon across most vehicle types, also happens to lose its value faster than any other color, depreciating at a rate 1.2 times faster than the industry average.
What is the least bought car color?
The most uncommon car colors
- Green: 2%
- Orange: 0.5%
- Beige: 0.5%
- Brown: 0.4%
- Yellow: 0.2%
- Gold: 0.1%
- Purple: 0.1%
