Orange van used values nearly 7% higher than white vans, says CAP
Opting for a coloured van can bring about a used value premium of up to nearly 7% compared to equivalent white vans, according to new research from Cap HPI.
The firm’s residual value experts analysed sold vehicle research data for the past five years for all ages of LCVs and found that within the medium van segment, orange vans have a 6.8% premium over the white equivalent.
The research also found that for large vans, brown was the leading paintwork choice with a 5.17% premium over the white equivalent.
And within the small van segment, grey vehicles held a 5.03% premium over the white equivalent. In fact, grey vehicles also showed a premium in other LCV sectors including city vans (4.2%), medium vans (4.02%), large vans (3.39%) and 4×4 workhorses (1.95%).
Steve Botfield, senior editor commercial vehicles and motorcycles at Cap HPI, said: “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. It remains the number one choice for van drivers (with over 53% of vehicles registered in 2017 having white as the main colour), but picking the right colour for the right model can really pay dividends at resale.”
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