Classic car enthusiasts and industry experts discuss the evolution of car colors, the strategic selection process, and the influence of demographics on color choices. They also explore the growth and dynamics of the self-storage industry, shedding light on the reasons for its popularity and the intriguing finds in storage unit auctions.
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Quick takeaways
Car colors have shifted from vibrant to chromatic, influenced by consumer preferences and market trends.
Light-colored cars improve fuel efficiency by reflecting sunlight, impacting consumer choices and environmental factors.
Deep dives
Car Colors Throughout Time
Car colors have evolved over time, with older cars sporting vibrant shades like green, blue, and yellow. However, contemporary vehicles predominantly come in chromatic colors like white, black, and grey. Surveys suggest that younger buyers prefer more subdued tones, while older generations appreciate bold hues.
Evolution of Car Paint
Initially, cars were predominantly black due to its affordability and durability. As consumers sought individuality, automakers introduced a variety of color options. Metallic finishes, made from fish scales, gained popularity in the 1930s, leading to a colorful era in the 50s and 60s. However, by the 2000s, silver became prevalent, influenced by high-tech advancements.
Color Choices Impact on Driving
Car color choices impact fuel efficiency and environmental factors. Lighter colors like white reflect sunlight, reducing the need for air conditioning, fuel consumption, and carbon dioxide emissions. While practicality drives the popularity of chromatic colors, individual preferences often differ from the choices buyers make.
Future Trends in Car Colors
The automotive industry continually adapts to consumer preferences and market trends. While acromatic colors currently dominate the market, there are predictions of a return to more vibrant color options. Research suggests a correlation between economic conditions and color choices, hinting at a potential shift towards brighter hues in the future.
Presenting two stories from The Economics of Everyday Things: Why does it seem like every car is black, white, or gray these days? And: How self-storage took over America.
SOURCES:
Tom Crockett, classic car enthusiast.
Zachary Dickens, executive vice president and chief investment officer of Extra Space Storage.