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A Used Fisker Karma Is Still Surprisingly Expensive

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author photo by Doug DeMuro May 2017

There are currently 50 different Fisker Karma models listed for sale on Autotrader -- all of which hail from the 2012 model year. Back when the Karma was new, the base model -- called "EcoStandard" -- started at $103,000, while the top-level "EcoChic" version was $116,000.

Five years later -- after the car was orphaned, following a short production run -- what do you think they go for? $20,000? Or maybe less, since it uses a complicated plug-in hybrid drivetrain that could be difficult to service? Maybe $15,000? $10,000?

Surprisingly not. The average asking price for a Fisker Karma on Autotrader right now is $48,800. Fifty grand! For a car that was manufactured by a now-defunct car company for just one model year using a rather complicated hodgepodge of drivetrain parts and (presumably) presently unobtainable body panels.

And that average price doesn't appear to be wishful thinking: There aren't 47 Karma models priced at $9,750 each, and then three people asking $1 million apiece for their extra-special ones. Instead, the Karma asking-price range seems to be distributed fairly evenly, with the cheapest example offered around $34,000 with high miles, and the most expensive ones in the low-$60,000 range with low miles.

I'm not sure about you, but I'm shocked by this. I always kind of figured the Karma's values would drop the moment Fisker announced it was leaving the market -- but that absolutely hasn't happened. Instead, the Karma appears to be holding about 45 percent of its value over 5 years, which is stronger than most cars -- even in spite of all the objective reasons it shouldn't be.

Admittedly, however, there's one big subjective reason the Karma deserves to keep its value so well: It's gorgeous. And even if you don't think it's gorgeous, you have to admit it turns heads like few other vehicles. Considering they only made a small number of them over a short period of time, its design alone is likely keeping people interested -- and I suspect that's why the Karma's values are so high.

Doug DeMuro is an automotive journalist who has written for many online and magazine publications. He once owned a Nissan Cube and a Ferrari 360 Modena. At the same time.

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This image is a stock photo and is not an exact representation of any vehicle offered for sale. Advertised vehicles of this model may have styling, trim levels, colors and optional equipment that differ from the stock photo.
A Used Fisker Karma Is Still Surprisingly Expensive - Autotrader