Here’s some fun news: for those of you complaining that too many cars are boring shades of gray, beige, black and white, you could be onto something. It appears that cars with flashy, brazen colors depreciate more slowly than cars with drab ones, a new study finds.
Research site iSeeCars analyzed over 2.1 million used cars from at least model year 2014, of all colors, sold between Sept. 2016 and Aug. 2017. It found that yellow cars in particular depreciated the least within the first three years of ownership, at 27 percent. It was followed closely by orange (30.6 percent) and green (30.9 percent).
On the other end of the spectrum, gold cars depreciated the fastest (37.1 percent), followed by purple (36.7 percent) and beige (36.6 percent).
Phong Ly, CEO of iSeeCars.com, said, “Yellow cars are relatively less common, which could drive up demand and help maintain their value. Our analysis shows that yellow vehicles have the lowest depreciation of any color for lower-volume cars like convertibles. Interestingly, yellow is also the color with the least depreciation for popular body styles like SUVs and pickup trucks.”
It’s also worth nothing that yellow isn’t a typical color for most normal cars. Usually, yellow is reserved for special edition cars, luxury cars, sports cars and exotics. So, it would make sense that those cars depreciate the least.
Anyway, if you’re in the business of flipping cars, maybe just keep buying the yellow ones.
Head over here to check out the rest of the study.
via The Drive