Wednesday, June 23, 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

Ford Bronco Production Has Finally Begun

The Bronco is going to be the SUV of the summer. The “real” Bronco returns after a 25-year hiatus. Yes, the mightily-anticipated 2021 Ford...

Android Auto Getting User-Friendly Updates

Quicker initial phone connection More EV-friendly and parking data features Google is giving its Android operating systems some updates this summer, and that's good...

Chevrolet Will Cover Level 2 Home Charging Outlet Installation Costs

The catch is that you need to get a new 2022 Chevrolet Bolt EUV or Bolt EV. Chevy understands that owners do 80%...

Honda Clarity Fuel-Cell and PHEV Production Ends This Year

Quirky Clarity not a big seller Honda will continue to develop EV and FCEV models   Honda is dropping the Clarity from the company lineup...

2022 Kia Soul Gets More Features, Fewer Pedals

Soul gets new Kia badge and lower trims get loads of stuff Manual transmission LX model gone for new year Kia is giving the...

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.