Choosing the right colour of van can increase its value on the used vehicle market by up to 7%.
Vehicle data experts at CAP HPI analysed vehicle sales data for the past five years and found that while white is by far the most popular colour (53% of vans registered this year have been white, for example), it is not necessarily the best colour choice.
- Orange medium vans achieved a 6.8% residual value premium compared to an equivalent white van.
- Brown large vans achieved a 5.2% premium compared to an equivalent white van.
- Grey small vans achieved a 5% premium compared to an equivalent white van.
Grey vehicles also achieved a premium in other LCV sectors, including city vans (4.2%), medium vans (4%), large vans (3.4%) and 4×4 workhorses (2%).
“Ever since 1984, when CAP HPI introduced its Red Book valuations for LCVs, the published values have always used a basic LCV in white as the benchmark,” Steve Botfield, Senior Editor for Commercial Vehicles & Motorcycles at CAP HPI, said. “It remains the number one choice for van drivers, but picking the right colour for the right model can really pay dividends at resale.”