Its the colour
Looks on all classified sites. 90% of cars at least, are Silver, GM or Sunset in the sub £13k price bracket................ Lots are imports too.......and therefore lots of choice for buyers..........
That doesn't actually make sense. The more common colours are obviously popular and therefore have a greater potential market. Obscure colours appeal to a minority and therefore have a smaller market. A silver or GM in good nick and well priced should be the easiest to sell.
Of course it makes sense. A more common colour has a greater market potential and therefore greater competition meaning the car has to be cheeeeeeeeeeep for people to consider it over the other 50 gm or silver cars in the same brakcet. Try finding a black uk car under about £14k, there's not many at all.
Numbers from Autotrader today:-
Black 85
Blue 70
Bronze/Gold/Orange 37
Grey 87
Red 19
Silver 146
White 9
Yellow 5
Hardly makes black a niche colour....
I never said it was a niche colour. Yellow is a niche colour.
Numbers on Autotrader today under £13k:
Black (8)
Blue (5)
Silver (31)
Grey (22)
Therefore if you want a blue/black one for under £13k you have 13 to chose from or 53 grey/silver ones. If your trying to sell a grey one there is 53 other cars to compete with therefore it has to be cheeeeeep to stand out and get a quick sale. I rest my case
Unless the owners of black and blue cars (which appear just as popular in the general market as GM) are overpricing their cars, making the GM and silver more popular for those not set on one colour and increasing the number of potential buyers...
There's certainly nothing in those figures to suggest that ubiquity is driving down the prices of GM cars.
BTW Why lump GM and silver cars together? My first choice was silver, second blue and then black. I have never wanted a GM. I only have a grey one now as I would have been without a car for an extra 2 months with any other colour.