Factors That Influence a Car’s Resale Value
The Indian automobile market is saturated with tons of cars in various colour schemes. The question is, should you acquire the car of your favourite colour or the one that will fetch you more cash in the resale market?
Over the years, the Indian automobile industry has evolved at a hasty pace and therefore, at present, the country has no paucity of cars. From various types of engines to transmission settings and design languages, one can purchase any type of car in India. Not to forget, companies also concentrate on the taste buds of the Indian patrons because of which they offer cars in assorted colour schemes.
Talking about colours, should you be procuring the car of your favourite colour or the one that will fetch you more money in the resale market? In fact, have you ever wondered how the colour of a car influences the price in the resale market? If not, read the following paragraphs thoroughly.
What is the relevance of this piece?
In the resale market, several factors regulate the resale value of a car, but the colour also plays a role which most of the Indians are unaware of. Through this article, we aim to educate the masses about the colours that mostly fetch less or more money in the resale market.
Generally, most people embrace all things black. For example, from shirts to smartphones and wristwatches, individuals admire the colour black. However, when it comes to black cars, a broad bulk of Indians believe the colour to be a bad omen. A satisfactory number of Indians do not purchase black coloured cars and therefore, their value in the resale market is less compared to other colours.
While black is considered a bad omen, white is hailed as auspicious in India because of which, the Indian streets are filled with a huge number of white cars. In the resale market, white-coloured cars fetch more money.
Grey and silver
Grey and silver colour schemes relax perfectly between black and white colour schemes. Therefore, silver or grey-coloured cars are widely purchased by Indian car users. In short, these two colours also reap suitable deals in the resale market.
Last but not the least, the resale value of colours such as red, blue, yellow, brown, maroon or orange depends on the model and other factors but they are resold at a lower price because a sizable population do not prefer these colours.