Fisker
Fisker Price Guide
Fisker requires a different kind of price guide to most marques covered here, because the company is now defunct and the situation facing owners is genuinely difficult. If you own a Fisker Ocean, or are considering buying one used, you need to understand the practical realities of ownership before thinking about value in the conventional sense. The usual rules of depreciation do not really apply when a manufacturer has ceased to exist and basic support has become uncertain.
What Affects Fisker Values
The single biggest factor affecting any Fisker Ocean’s worth is the complete collapse of manufacturer support. Following the 2024 bankruptcy, parts supply, warranty coverage, and software updates have all been thrown into serious doubt. A separate company, American Lease, acquired Fisker’s remaining inventory and has taken over some cloud and connectivity services, but the relationship with the Fisker Owners Association has been strained, and connected features including remote access and over-the-air updates have been interrupted at various points. Software problems were a significant issue with the Ocean even when new, and without ongoing manufacturer updates these issues cannot be expected to improve. Insurance companies have in some cases declined to cover the car or have only done so with specific conditions, given the difficulty of sourcing parts for repairs. Any used Fisker Ocean should be approached with these structural realities firmly in mind rather than assessed as you would a used car from a going-concern manufacturer.
Fisker Ocean
The Ocean was Fisker’s only product, an electric SUV built by contract manufacturer Magna and launched amid significant fanfare in 2022 before quality and software problems undermined its reputation. New car pricing collapsed dramatically as the company tried to liquidate remaining stock – cars that listed from around $39,000 new were reportedly being sold to American Lease for under $14,000 per unit as part of the liquidation.
Used prices on the open market have fallen even further given the ownership risks involved, and the car has proven extremely difficult to sell or trade in, with many dealers and manufacturers declining to accept it in part-exchange. If you are looking at a used Ocean, the very low asking price needs to be weighed against the genuine risk of being unable to get the car repaired, insured, or supported in the future. This is not a conventional depreciation story – it is a question of whether the car remains a usable, serviceable vehicle at all over the coming years.
Fisker Karma (First-Generation Company)
The original Fisker Karma, produced by the earlier and separately bankrupt Fisker Automotive between 2011 and 2012, is a different and somewhat more established proposition. Around 2,450 were built before that company’s own bankruptcy, and the car has developed a small following as an unusual, design-led plug-in hybrid grand tourer from a respected automotive designer’s first venture. Parts support has historically been better for the Karma than for the Ocean, partly because a Chinese company (Wanxiang, which also rescued battery maker A123) acquired manufacturing rights for a period and kept some support alive. Even so, any Karma should be approached with the same caution around long-term parts and specialist service availability that applies to any car from a defunct, low-volume manufacturer.
