Saturday, January 16, 2021
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

2021 Ford Bronco Available For Order From January 20th

There are more than 190,000 reservation holders for the new Bronco. They have from January 20th to March 19th to place their order. ...

The All-New Mercedes-Benz EQA Set To Launch On January 20th

The EQA is the electric version of the compact GLA crossover. This EV will be an entry-point into Mercedes-Benz’s EQ family. Mercedes-Benz isn’t skipping...

Lordstown Motors Says More Than 100,000 Pre-Orders for EV Pickup

Lordstown tops 100k commercial pre-orders Production to start in September in former Cruze plant Upstart electric pickup-maker Lordstown Motors, who set up shop in...

Nissan 2021 Lineup: Models And Changes Overview

Nissan Rogue is all-new for 2021, Versa and Sedan sedans redesigned for 2020. Next-generation Nissan Z and Pathfinder models should soon be revealed. ...

Kia 2021 Lineup: Models And Changes Overview

All-new Kia EV expected to be revealed in 2021. Kia K5 and Sorento are the newest models in the brand’s lineup. Redesigned Sportage...

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.