Friday, October 30, 2020
News Apparently, yellow cars keep a higher percentage of their value

Apparently, yellow cars keep a higher percentage of their value

According to research firm iSeeCars, cars painted yellow lose less value than cars painted another color, at least in the United States. This is a surprising discovery given that yellow is not necessarily a very popular color which should logically have the effect of reducing the value of a given vehicle at the time of resale.

But no, according to the iSeeCars study, cars painted in yellow have retained the largest percentage of their original value when the firm analyzed the prices of 2.1 million used vehicles sold between September 2016 and August 2017.

While the average car lost 33.1 percent of its value in the first three years of possession, yellow cars sold during this period saw their value decrease by only 27 percent.

Even more surprisingly, cars painted in gray, silver, beige and gold, colors that are more conservative and more popular than yellow, lost a greater percentage of their value than the average of the other colors.

That said, the study also showed that cars with more flamboyant colors like yellow and orange took longer to sell. In fact, the average used car sold in 36.5 days while orange and yellow cars took 46.6 days to find a buyer.

Trending Now

Fisker Ocean Electric SUV to Bow at May LA Auto Show

Fisker Ocean to be built by Magna Will go on-sale Q4 2022 Electric automaker Fisker is planning to reveal its all-electric crossover next spring....

Base Audi A6 Becomes A6 Sport, Gains 13 hp, Black Trim

13 hp extra for 2.0L four Black optics pack standard, Sport package now cheaper Audi is launching an update to the entry-level model Audi...

The Nissan Sylvia To Return In The Near Future?

The Sylvia was called 240SX in North America. Nissan has revealed numerous appealing concepts over the last 15 years. Plans to revive the...

2021 Ford Mustang Mach-E Production Officially Underway

Production began on Monday, October 26th. The first units land in dealerships in late December. The First Edition of the 2021 Ford Mustang Mach-E...

2022 Genesis GV70 Crossover Officially Revealed

The compact-sized 2022 Genesis GV70 should arrive in North America sometime in 2021. A 252-horsepower, turbo 2.0L four and a 365-hp, twin-turbo 3.3L...

LEAVE A REPLY

Please enter your comment!
Please enter your name here

This site uses Akismet to reduce spam. Learn how your comment data is processed.