18, March 2020

Car Colors That Can Make or Break Resale Value (Part II)

Reselling a gold car tends to be the most difficult.

Gold: The worst color for resale value

Depreciation: 37%, 12% worse than average

You don’t see too many gold cars on the road, and that’s a good thing for owners who prioritize resale value. According to data collected for 12 months prior to August 2017, gold vehicles lost an average of 37.1% over three years. Compared to sales of other colors, owners of gold rides lost 12.1% more to depreciation. On the bright side, these cars’ scarcity made for higher demand. They took 34.3 days to sell, two days quicker than the average.

Beige: High depreciation, slow sales

Depreciation: 36.6%, 10% worse than average

Unlike gold or purple, you won’t redo a beige car’s devaluation with a quick sale. Value dropped among the worst at 36.6% after three years. Beige was also the slowest seller on the resale market, taking an average of 46.6 days to find a buyer (10 days slower than usual). If you like this color, find your vehicle and make an offer on a used model. Sellers will be motivated.

Silver in 10th place

Depreciation: 34%, 2.6% worse than average

While silver cars rated 10th in depreciation after three years (34%), that number was only 2.6% above the average car. In other words, it’s a safe choice for buyers in most segments and always seems to have demand in luxury models. Selling times was about average. Silver vehicles taking a couple of days longer than the usual transaction.

Yellow: Best of the bunch

Depreciation: 27%, 18.5% better than average

No car color held its value superior than yellow, which stood at 27% devaluation after three years. Yellow cars are really less common, which could increase demand and help sustain value.

If there’s one catch here, it would be the more time it takes to sell these pricier vehicles. Yellow models usually lasted around 41 days on the used market.