Did You Know Car Colors Can Affect the Resale Value?

PennyGem’s Elizabeth Keatinge tells us which colors have the strongest resale value. Some colors may surprise you.

Transcript

00:00 So, you're looking to unload your wheels.

00:06 Well, what color you chose when you picked it out may affect how much it has held its

00:11 resale value.

00:13 As Money Talks News reports, black, silver and white are safe bets.

00:17 An ICCars.com survey shows that gold, brown and purple are the worst colors for resale

00:23 value.

00:24 But not all bold colors make a car lose its value.

00:27 Orange, beige and yellow depreciate at much lower rates.

00:31 Kelley Blue Book reports the most popular colors for SUVs, luxury cars and sedans are

00:37 white, black and gray.

00:38 While for minivans, it's white, black and gray and silver.

00:42 The site says that with changing trends, choosing a color that's popular today may not appeal

00:47 to a buyer five years from now.

00:48 By playing it safe, you could help your bottom line when reselling your car.

00:52 (upbeat music)