Mine was burgundy red but faded to pink (not a good look). I removed it from the car, brushed it down and re-dyed it with VHT penetrating Color Dye (aerosol can).
Really happy with the result - it looks like new - surface is a little less soft than original with slight unevenness in the depth of colour ( most people wouldn't notice) but red is probably the hardest to work with. I think the spray can I used was very old stock and the spray pattern from the nozzle did not seem quite right which made it a little difficult to get even depth.
I sprayed on numerous coats, allowing each coat to dry a few minutes before applying the next.
One can did the job. Although another can may have made the finish more even I was concerned the build up of dye would make it too coarse to the touch.
Bill G