Fisker Wallpapers

Filed under: Car Buying, Sedan, Earnings/Financials, Fisker, Luxury Buying into a new, fledgling automaker is always a big risk - the early-adopter upside has the potential to be great, but the downside can look like the mother of all hangovers. Unsurprisingly, that's the unpleasant financial reality facing Fisker Karma owners as they look to unload their extended-range electric sedans while the company's future bleakens. We've been keeping tabs on used Karma prices on eBay Motors and other websites for some time now, and there's been a steady stream of the voluptuous sedans on offer since not long after they first became available. Early on, we initially chalked that up to speculators, but moved on to imagining disgruntled owners as more and more mechanical and electrical problems were brought to light. Now, however, there's a bumper crop of Fisker models on the used market, with NBC News and Business Insider reporting that pre-owned examples are trading for under half their six-digit MSRPs just one year ago. Around 2,500 Karmas were made, and eBay Motors is playing host to 26 of them alone as this piece is being written. Scan over to AOL Autos' listings, and there are 126 entries. For its part, the embattled startup has yet to declare bankruptcy, but it has laid off most of its employees and hired experts in the field suggesting they will soon. What's more, officials are looking to to recover as much of the $192 million in federal loans the company received, and despite some potential suitors sniffing around, no buyer for the company has emerged. No surprise, then, that Karma owners are looking to unload their models, likely fearing not only for their vehicles' resale values, but also the continued availability of parts and service. Question: If Karma prices continue to crater apace, how soon until shadetree mechanics follow the lead of Bob Lutz's VL Automotive Destino, which bins the Fisker's complex plug-in hybrid powertrain in favor of the supercharged LS9 V8 from the Chevrolet Corvette ZR1?Fisker Karma prices tanking on used market originally appeared on Autoblog on Fri, 17 May 2013 08:45:00 EST. Please see our terms for use of feeds.Permalink | Email this | Comments

We live in strange times. As Fisker, a rival with supposedly superior range-extending technology falls apart, the value of Tesla rises yet again, this time by almost two percent on Wednesday to US$9.7bn.

As used car deals go, this is one to make you think twice. Used Fisker Karmas, which sold for $103,000 just a year ago as new models, are now being sold for roughly half price. In some cases, those trying to sell the luxury extended-range electric car on eBay cannot even get bids above $50,000. Just ask Bill Michlin, a dealer with the Fields Auto Group in the Chicago suburb of Glencoe. He just...    

The future of Fisker is still very much in the air. Unless the company is able to find some last-minute financing, the dream of the car designer Henrik Fisker may very well end in bankruptcy court. Fisker himself bowed out several weeks ago, citing irreconcilable differences with management. He had earlier stepped down as chief executive, relinquishing that role to Tom LaSorda, an ex-GM and Chrysler executive, who was followed by Tony Posawatz, the former head of the Chevrolet Volt program. Production on the ...