If you’re in the market for a new ride in Lubbock, you might want to think twice before going with a “safe” car color like white, black, or gray—because those choices could cost you big time at trade-in.
The Study
According to a new study by
, the color of your car has a direct impact on how much it’ll be worth when it’s time to sell. The research, which analyzed over 1.2 million cars, found that certain colors hold their value much better than others—and in Lubbock, some of the most common colors are actually the worst offenders.
Let’s get straight to it: White cars lose the most value in Lubbock, with an average 3-year depreciation of 30.0%, or about $13,034. Black and gray aren’t far behind, both dipping close to that 30% mark. The average 3-year depreciation across all colors in Lubbock is 28.4%, or $13,256—just a tick better than the national average of 31.0%…