White cars hog market, racing ahead of popular colors
White-colored cars hold the best market value, beating black, silver or blue colored cars, a new survey has suggested.
According to valuation experts CAP, white cars typically hold about five per cent more of their value than the market average for a typical used car while blue cars still languish below market average values, continuing to earn the trade's disdain with popular label of 'doom blue'.
CAP analysed the trade market performance of hundreds of thousands of vehicles over five years and found that, for mainstream vehicles, white was consistently the top performer.
"Over the last five years black, silver and grey all performed consistently in line with the overall market. However, it is white cars which outperform the whole market beating other widespread colours, like blue, by up to six per cent and green by up to 8 per cent, depending on colour-type and condition," the Daily Mail quoted Chris Crow, chief editor at CAP, as saying.
The analysis also revealed that green remains relatively unpopular in the used car market and that the colour most likely to cost owners heavily in depreciation was purple.
"Colours such as blue, orange and red underperformed while gold, green, maroon and turquoise were complete howlers costing their unfortunate owners anywhere between four and six per cent against benchmark trade values," he added.
The findings may encourage new car buyers to consider how it will look to future owners when they come to sell it as a used car, as the resurgence of white means that a typical white model can be worth several hundred pounds more after three years than an otherwise identical blue one, the paper said.