By default the color saturation is low, so colors are accurate instead of super vibrant, and the white balance is actually quite excellent sitting somewhere in - between warm and cool. (androidheadlines.com)
Each vehicle comes with it's own default color scheme, then three alternate colors schemes that can make your vehicles looking cool and sometimes bring funny easter egg designs that are too (brickstolife.com)
That said, as I mentioned on this week's podcast, this is going to play out as follows: Google will release a patch restoring a more saturated default color setting (as opposed to sRGB), people will think it's a «display fix» update, and will forget about the other issues like blue color shift and shadow detail crushing. (androidcentral.com)