This isn't just a tough time for Fisker Automotive (a Chapter 11 filing seems likely); it's also rough out there for anyone trying to sell a new or used Karma hybrid luxury sedan.
A scan of current and completed auctions on eBay Motors and the classified ads on cars.com shows prices of new and used Karmas have crashed. Most eBay bidders are willing to pay only $50,000 to $55,000 for a gently used Karma, and not much more for a new one. That's quite a drop, since the 2012 Karma's sticker price ranged from $102,000 to $115,000.
A New York dealer auctioning a new, untitled Karma -- a rare Signature Edition -- had bidding stall at $60,200.
"Since the company has been in trouble, the [Karma's] price has shifted," said Mir Inad, a sales manager at Bentley Gold Coast, a Chicago dealership that specializes in high-end luxury and exotic sports cars.
Inad's store has taken three Karmas in trade recently, and the resale market is chilly. A black Karma listed by Gold Coast on eBay last week with just 679 miles and a buy-it-now price of $67,900 had no takers.