Depending on what generation, body style and options color can definitely have an influence on value. There are colors that are a factory optional/premium in which there is a limited number of cars with that color/graphics. There's also colors that are a premium and can cost a substantial amount when new. This can increase can carry over to the value of when it enters the used car market. Some colors are very popular and although they don't add an additional cost when new they can bump the value up later in the life of the car. Certain colors jump out and others blend into the background. Some are admired not only to the Corvette community but also the public in general. Personally my 03 C5 convertible in millennium yellow with the optional tint base attracts attention everywhere I go. People of all ages, male and female alike approach me to ask me questions about the car and compliment the color. Most are amazed when I tell them the age of the car. I never intended to purchase a yellow anything yet when I saw this car I knew immediately I had to have it!
So in my opinion color can affect the value and the popularity of it. Colors can sometimes add and occasionally take away the value. My advice is to buy the one you have to have no matter what color it is.
Life is short, enjoy your ride!
@RJ that is a great question! Color does not in fact affect insurance premiums. However there are some statistics that support the theory that certain colors get pulled over more than others. But the color that is most frequently ticketed is probably not the one you would think it is...white cars are hit with the most tickets while red comes in second!