Normally, most new car buyers often choose cars with exterior paint colors such as white, black, silver... These are also the most popular car colors, accounting for about 35% of new cars sold annually in the world . However, the results of research and analysis of the depreciation rate of cars sold after the first 3 years of use conducted by the website iSeeCars show that white and black cars often lose more value than yellow, orange, green cars...
According to the latest research by iSeeCars, in addition to factors such as mileage, interior and exterior condition, color is also a factor that affects the value of each used car. The study on car depreciation rates by car color conducted by iSeeCars this year compared price data of more than 1.2 million used cars over 3 years to determine the impact of color on resale value. The results showed that the average depreciation rate of cars by color is trending down, from 12.4% in 2023 to 10.4% this year.
According to iSeeCars, yellow cars have the best resale value after the first 3 years of ownership. Specifically, yellow cars have a depreciation rate of only 24%, equivalent to $13,667, when resold after 3 years of ownership, the lowest among different colors.
Orange cars came in second with a depreciation rate of 24.4%, or $9,951, while green came in third with a depreciation rate of 26.3%, or $13,152. "These aren't widely popular colors, but they're in higher demand than supply, and that translates to higher resale values on the used car market," said Karl Brauer, iSeeCars analyst and CEO.
Cars painted in colors such as beige, red, and silver all have a 29.5% - 29.8% depreciation rate when resold after the first 3 years of use. Meanwhile, cars painted in brown, gray, and blue often lose about 30.4% - 30.9% of their value when resold after the first 3 years of use, equivalent to about $14,000.
Notably, cars with quite popular exterior paint colors such as black, white, etc. have a fairly high depreciation rate when resold. Specifically, the value of black cars usually loses about 31.9%, equivalent to 15,381 USD, when resold after the first 3 years of use. The value of white cars decreases by 32.1%, equivalent to 15,557 USD. Bronze cars are at the bottom of the list with a depreciation rate after 3 years of up to 34.4%, equivalent to 16,679 USD.
"White and black are the two most popular colors chosen by many people when buying a new car. That also means that those colors have no difference in the used car market," explains Karl Brauer.
Source: https://baonghean.vn/o-to-mau-nao-giu-gia-nhat-khi-ban-lai-sau-3-nam-dau-su-dung-10298667.html
Comment (0)