What a difference a year makes.
The bad news is the crumbling of an automaker that appeared to have a bright future. The good news is for folks that are interested in buying a pre-owned Karma.
NBC News reports that the luxury electric cars being auctioned on eBay are not selling at even one-half of the original value. Auctions are ending with maximum bids of less than $50,000.
Just ask Bill Michlin, a dealer with the Fields Auto Group in the Chicago suburb of Glencoe. He just wrapped up an eBay auction for a 2012 EcoChic version of the Karma with a top bid of $45,100. "I had 2,000 look at that car on eBay," he said. "We didn't sell it because it didn't meet the minimum reserve bid, but it will eventually."