Fisker Hikes Prices On Karma, Sales Launch Spring 2011

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It looks like the cost of building the 2011 Fisker Karma under contract with Valmet is higher than the company expected when it set its initial prices in 2008. A price rise of $7,900 came first, and today the company has hiked prices another $8,000 to a final starting price of $95,900.

That's just the starting price however. If you opt for the Sport model, you'll fork over yet another $8,000, and $5,000 more to get the Chic trim.

The Karma is, of course, eligible for a $7,500 Federal tax credit, but that's cold comfort to those looking forward to the $87,900 price promised previously. Start stacking on the options and the tax credit looks even more useless--even if you're in California, where you can get another $5,000 on top of the Federal credit.

For example: you want leather interior? $2,200. Special paint? Another $3,000. Bye-bye tax credits, hello huge monthly payments.

Russell Datz, Fisker's communications chief, explained the situation to MotorAuthority as follows:

"The Karma will be the first car to offer luxury vehicle buyers a truly responsible alternative. At $88,400 after federal tax incentives, the Karma is within $500 of its originally announced MSRP of $87,900. Local incentives offer additional savings. Even with an MSRP of $95,900 the Karma is within 10% of the originally announced MSRP of $87,900 announced in 2009--an incremental change over the course of two years. Also, there is additional value added in design and equipment improvements such as the now-standard integrated solar roof panel, which would have been a $5000 option."

The plan, as of now, is to have the first Karmas available for test drives in late February or early March, with sales to follow later in March or April.

Pricey as it is, the Karma likely won't have any trouble selling its initial allotment. It is, after all, the only high-performance luxury plug-in hybrid/electric sedan expected on the market in the near term, and it's a stunningly good looker, too.

[Fisker via GreenCarReports]

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Comments (3)
  1. I don't think the options list of the Karma gets fair treatment here. If you buy an Audi or BMW the options list is horrific. With the Fisker Karma leather and special paint are about the only options available, almost everything else is standard, including the solar panel roof, which was still a $ 5000 option when the price was set three years ago. The Karma is a very complete, luxurious car. The new price is comparable to an early-model Tesla Roadster, which is half as much car, has place for only two and has range anxiety problems. Yes, the Karma is an expensive car, but that money pays for the technology that will trickle down to more affordable models like the Fisker Nina, which will cost half and is rumoured to look as attractive.

  2. I'm not surprised. When they came out with figures in the $80k range, I thought that not only was that out of sync with other premium hybrid/electric cars, not to mention Fisker's other vehicles.
    Plus, take this price in comparison to a similar classed European maker, and $90k is not unreasonable when you consider a Mercedes S class, BMW 7-series or Audi S will cost you just as much. Even the Japanese makers are pushing the $90k mark with some of the Lexuses and Infinitis. And the Fisker Karma looks MUCH better than any of the aforementioned, comparatively priced competition. This is one of the best looking four-door cars I've ever seen.

  3. Not surprised for such a nice car. A little too pricey for me. However I think there's a good chance my next car will be a Fisker NIna.

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