Exterior color has a significant impact on a car's ability to retain its value when resold, with surveys showing that yellow cars have the highest resale value after 3 years of use.
iSeeCars' survey found that yellow cars have the highest resale value after 3 years of use. Specifically, yellow cars have a depreciation rate of only 13.5% if resold after 3 years of use, the lowest among paint colors. Beige comes in second with a depreciation rate of 17.8%, followed by orange with a rate of 18.4%.
According to iSeeCars, common paint colors such as black, white, and silver are commonly used in the market, so they are not difficult to own. Meanwhile, unique paint colors such as gold are unique and really attract customers.
Karl Brauer, a market analyst for iSeeCars, says yellow is one of the less popular car colors, typically reserved for sports cars and other low-volume vehicles that have relatively good value.
Meanwhile, on average, cars depreciate 22.5% after 3 years of use. The color with the highest depreciation rate is gold paint, up to 25.9%.
White cars have a depreciation rate of 21.9%, silver and black cars have a depreciation rate of 23%, close to the general depreciation average for car models.
However, in the pickup truck segment - the leading pickup truck in the US, beige cars retain their value the most with a depreciation rate of only 7.9% after 3 years. Coming in second is orange cars with 10.9%. The average depreciation rate of pickup trucks is 15.6%.
In the SUV segment, yellow cars continue to hold their value best with a depreciation rate of 9.1%. The second paint color is green with 20.4%. The average depreciation rate of SUVs is quite high, 24.8%.
In the sedan segment, brown is the color that holds its value best.