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WHAT ARE THE POPULAR COLORS IN THE CAR TO BUY?

With the world full of colors, choosing one is a pretty difficult task. We all have different tastes and preferences when it comes to buying a car. The major area of concern sometimes people think they want the color which describes their personality.

The color you pick has a lot to do as it tends to affect the ownership and as well as the resale value of the vehicle. We have seen less popular colors tends to depreciate the value of vehicle than the most popular ones.

Here we present you list of some popular colors in the cars which you can consider buying.

Best Choice of Colors

There are some of the best colors which always remain people’s first choice such as

Black - 12%

White - 15%

Silver - 23%

Popular Colors in Luxury Cars

In the luxury segment, silver always remains people’s first choice covers the utmost area of the market. Black has also remained the topmost choice in luxury vehicles which affects the resale value.

There are other colors also lies in the segment of luxury cars such as

Silver - 32.1%

White - 11.8%

Light Brown - 11.6%

Black - 8.5%

Med. Dark Blue - 8.6%

Med Red - 6%

Med. Dark Gray - 7.2%

Med Dark Green - 1.8%

Gold - 3%

White Metallic - 17.7%

Popular Colors in Convertibles and Coupes

Convertible cars lie in the heritage or sports car which means some aggressive color is suitable to match in the category. Red, blue, dark grey lies in the segment and also they are more which fits in the category such as

Bright Red- 6.9%

White - 8.8%

Light Brown - 4.3%

Black - 14.3%

Med. Dark Blue - 12.9%

Med Red - 5.5%

Med. Dark Gray - 6.7%

Dark Red - 2.6%

Gold - 4.1%

Popular Colors in SUV/ Trucks

SUV and Trucks covers a major part of the market and comes in a variety of colors which provides users different option to buy the vehicle. Let’s have a look which colors lies under these

Silver - 18%

White - 19.3%

Light Brown - 5.1%

Black - 12.4%

Med. Dark Blue - 11.4%

Med Red - 7.1%

Med. Dark Gray - 7.5%

Med Dark Green - 6.7%

Gold - 1.8%

Bright Red- 4.5%

Popular Colors in Sedan and Hatchbacks

Hatchback and sedan face the maximum competition as they are manufactured by various brands and covers the maximum share of the market. In this segment, the resale value of the car holds an important place as people mostly purchase sedan and hatchback.

Silver - 28.1%

White - 11.8%

Light Brown - 11.6%

Black - 11.2%

Med. Dark Blue - 9.5%

Med Red - 7.6%

Med. Dark Gray - 6.2%

Med Dark Green - 5.3%

Gold - 3.4%

Dark Red- 2.6%

Always look for those colors which are subtle and look better on the vehicles and bright colors are not made for the car category. There are chances when we are drawn towards bright colors like yellow but it’s not a wise decision to buy one. Discuss with the sales-person before buying the car he will provide you an idea about the market.

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CAR DEALERS FACING PROBLEMS TO SELL 2018 NEW-CAR INVENTORY TO MAKE ROOM FOR 2020 CARS

KEY POINTS

Approximately 3.5% of all July 2019 car sales were 2018 model years, according to data.

“This is the maximum percentage of new car sales of older models since at least 2005”

Now, automakers needs to pay roughly $1,100 in incentives to move 2018 model year cars.

Car Dealerships now looking forward to sell off cars from the 2019 model year to bring in 2020′s shiny new models, they’re running into a problem.

A full 3.5% of all July’s new car sales were 2018 model years, according to the expert. It means Approximately49,000 of the 1.4 million new cars sold in the U.S. in July were last year’s models. The percentage of new 2017 models that sold last July was 2.5%, he said Monday.

Having a lot of 2018 models on the lot isn’t good for business. Experts points out, automakers are spending about $1,100 more per car in incentives to move 2018 cars of their lots than 2019 models, cutting into profits for automakers.

Experts estimates that there may be another 30,000 cars from 2018 still waiting to be sold.

With so much 2018 inventory still on dealer lots, car dealers are hesitant to stock new 2020 models, he said. For perspective, car dealerships were able to move older models off their lots faster during the Great Recession than now, in July 2008 only .9% of all new car transactions were cars from 2007.

“Need to production cuts, the industry isn’t getting any bigger and hard choices might have to be made.