There is plenty of choice for consumers who want to buy new cars and consumers can even source products from abroad if they wish. As long as they make use of reliable vehicle shipping service providers and take advantage of Individual Vehicle Approval testing, they should find the process to be simple and stress-free.
As well as selecting a make and model of car, and its specifications, people also need to think about colour.
According to research carried out by valuation experts CAP, certain colours are better than others when it comes to retaining vehicle value. It claimed that white vehicles can hold about five per cent more of their value than the market average for a typical used car. In contrast, blue cars fall below market average values.
The analysis also revealed that green remains a relatively unpopular colour in the used car sector.
CAP’s findings were based on the trade market performance of hundreds of thousands of vehicles over a five-year period.
In descending order, the colours that held their value best were white, indigo, purple, pink, yellow, grey, brown, black, silver, red, orange, blue, gold, green, turquoise, maroon.
Chief editor at CAP Chris Crow said: “Over the last five years black, silver and grey all performed consistently in line with the overall market. However, 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: “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 eight per cent, depending on colour-type and condition.”
So, before people choose a car, invest in vehicle shipping and Individual Vehicle Approval testing, they might benefit from considering how the colour of the product will affect its long-term value.