What Car Colors Hold Their Value Best and Worst?

When it comes to buying a car, there are many factors to consider, including the make, model, and color. While some people may choose a car color based on personal preference, a new study has revealed that certain colors hold their value better than others. The study, conducted by iSeeCars, analyzed 1.6 million cars from the 2020 model year and found that yellow is the best color to have when it comes to average depreciation.

Yellow Cars Hold Their Value Best

According to the study, yellow cars only depreciated 13.5 percent over three years, compared to the average depreciation of 22.5 percent. This means that if you were to buy a yellow car and sell it three years later, you would lose less money than if you had bought a car in any other color. Beige came in second place, with a depreciation rate of 17.8 percent.

Yellow Cars Are Best for Convertibles and Coupes

The study also found that yellow cars hold their value best in certain body styles. For example, yellow is the best color statistically for a convertible, with just a 15 percent drop from MSRP compared to an average of 26.7 percent. Coupe buyers also get the most out of yellow cars, with a 5.6 percent drop instead of the average 12.2 percent.

Yellow Cars Are Valuable for SUVs

If you’re in the market for an SUV, you may want to consider a yellow one. According to the study, yellow-painted SUVs saw only a 9.1 percent drop in value, which is less than half of second place green with a drop of 20.4 percent. The average SUV has seen depreciation take 24.8 percent of its value out.

Beige Is Best for Trucks

While yellow may be the best color for cars, it doesn’t even make an appearance in the truck segment. Instead, beige was found to be the least-depreciating hue, with a drop of just 7.9 percent compared to a segment average of 15.6 percent.

Brown Is Best for Minivans

If you’re in the market for a minivan, you may want to consider a brown one. According to the study, minivans hold their value best when they’re brown (16.8 percent) and drop most when they’re purple (24.6 percent).

Conclusion

In conclusion, if you’re looking to buy a car that will hold its value well, you may want to consider a yellow one. However, it’s important to keep in mind that there are many factors that can affect a car’s value, including its make, model, and condition. Ultimately, the best way to ensure that you get the most value for your money is to do your research and choose a car that meets your needs and budget.