Eli5: why do white cars have a higher resale value?

Question

Is it because colours fade? Would you really see two identical cars in a sales yard and the blue one is a grand cheaper than the white one next to it?

In: Other

Answer 1

I’d imagine the same reason you don’t paint your walls a crazy color and have red shag carpets when you go to sell you house – it’s neutral and appeals to the widest market.