Which car colour hold its value best in the used car market?
Malaysian used car dealers will always say that silver and gray cars are the best in the used car market as they hide dirt well and the bright coloured cars like red and yellow are the least desired. Well a recent study done by American based used-car search engine site ISeeCars.com analyzed more than 2.1 million sales of used cars from the 2014 model year and found wide variances in depreciation rates based on the color of the paint finish. Yellow cars held their values the best and depreciated 27% during the first three years of ownership, less than the average three-year depreciation rate of 33.1%. Also faring well: orange and green cars, whose depreciation rates were 30.6 and 30.9%, respectively.
The worst colors for holding value over those three years? Beige, purple and gold, which all outpaced the average depreciation rate by at least 10%.
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