Friday, April 19, 2024

Fisker Ocean loses 69 percent in value in 60 days

In general, you have to expect that new cars lose value. But few experience it as drastically as Fisker Ocean.

Fisker Ocean owners are probably dreading two things at the moment: the future of the company and the value of their cars.

The former looks bad, but the latter is if possible even worse here and now for the car owners. Their cars don't just drop in value – they plummet.

One of the worst examples can be found at the American car sales platform Edmunds, which also tests cars over a longer period of time, including a Fisker Ocean.

Edmunds bought a Fisker Ocean Extreme back in January for what they call a "long-term test." They paid 69,012 dollars for the car, equivalent to 480,000 kroner.

READ ALSO: People cannot be forced into electric cars, says car dealer

Edmunds cannot get that amount for the car two months later. Actually not at all. Like not at all. Under the headline "Don't Buy a Fisker Ocean," Edmunds is now warning motorists not to make the same mistake they did.

It got even worse when Edmunds asked the American company CarMax, which is known for wanting to buy all cars (as long as the price is right for them, ed.), to bid on the car.

The result, as you've probably already guessed, is a staggering loss in value. CarMax will not pay more than 21,000 dollars for the car, which at the time had barely 7,000 kilometers on it.

With a little quick mental arithmetic, this corresponds to a loss in value of a whopping 69 percent – in just 60 days. In general, Edmunds believes that a new car loses 30 percent of its value in the first year and then another 15 percent each subsequent year.

Although the deal with the stock behind Fisker Inc. is suspended and production at the factory in Austria is at a standstill, the brand has not yet gone bankrupt.

In fact, the brand believes that it is now in the process of emptying the warehouse of several thousand cars from last year's production. But drastic measures have been taken to make it happen. Read more about it here .

Read more news from and about Fisker Inc. right here!

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