Fisker Karma Prices Plummet On Used Car Market

fisker-saleThe not-quite-bankrupt Fisker Automotive is struggling to stay afloat, and affluent buyers of the beautiful plug-in hybrid know it. While hundreds of lining up for a supercharged V8 conversion, other owners are divesting themselves of their Fiskers on the used car market, taking a huge financial hit in the process.

And who can blame them? With Fisker Automotive hanging by a thread, support and parts for these expensive hybrids will be difficult to come by. As of this writing there are 23 seperate ads for Fisker Karmas on eBay, and another 114 up for sale on Cars.com, and 138 on Autotrader.com (there is almost assuredly some overlap). For a vehicle with only 2,500 units built (and only about 2,000 sold), that’s a pretty terrible turnover.

That’s just half the story though, as the prices for the $110,000 Karma have dropped in some cases by more than half. The lowest I could find was on eBay with bidding under $40,000, with most prices hovering between $60,000 and $80,000. After taxes and title and what-have-you, this is about 50% of what most people paid to put a Karma in their driveway.

Unlike Tesla, there is no Fisker guaranteed-resale-value plan, and even if there was, I doubt Fisker could afford it right now. Owners are on their own, not that I feel bad for them.

It’s just another hit of bad publicity for Fisker. The billion-dollar grave they dug just seems to get deeper and deeper.

 

Christopher DeMorro

A writer and gearhead who loves all things automotive, from hybrids to HEMIs, can be found wrenching or writing- or else, he's running, because he's one of those crazy people who gets enjoyment from running insane distances.