Recent psychophysical studies have been interpreted to indicate that the perception of motion temporally either lags or is synchronous with the perception of color. These results appear to be at odds with neurophysiological data, which show that the average response-onset latency is shorter in the cortical areas responsible for motion (e.g., MT and MST) than for color processing (e.g., V4). The purpose of this study was to compare the perceptual asynchrony between motion and color on two psychophysical tasks. In the color correspondence task, observers indicated the predominant color of an 18degrees x 18degrees field of colored dots when they moved in a specific direction. On each trial, the dots periodically changed color from red to green and moved cyclically at 15, 30 or 60 deg/s in two directions separated by 180degrees, 135degrees, 90degrees or 45degrees. In the temporal order judgment task, observers indicated whether a change in color occurred before or after a change in motion, within a single cycle of the moving-dot stimulus. In the color correspondence task, we found that the perceptual asynchrony between color and motion depends on the difference in directions within the motion cycle, but does not depend on the dot velocity. In the temporal order judgment task, the perceptual asynchrony is substantially shorter than for the color correspondence task, and does not depend on the change in motion direction or the dot velocity. These findings suggest that it is inappropriate to interpret previous psychophysical results as evidence that motion perception generally lags color perception. We discuss our data in the context of a "two-stage sustained-transient" functional model for the processing of various perceptual attributes. Published by Elsevier Ltd.