- Ford confirmed for Car and Driver that the F-150 Lightning will have an additional price increase for the 2023 model year.
- The base Pro model will now start at $53,769, including a $1,795 destination fee, while the top Platinum model will go north of $97,000.
- Ford said the price hike was the result of supply chain problems and higher material costs, likely for the metal used to make electric truck batteries.
Ford again boosts the price of the F-150 Lightning. The electric pickup truck saw a substantial price increase in August for the 2023 model year, but now the cost of buying the Lightning has risen even higher, as first reported by CNBC. The Lightning Pro base, which originally started at $41,769 for the 2022 model year, will now start at $50,000.
Ford will not set a new price. However, CNBC reported today that the Pro model will start at $51,974, although that’s believed to not include the $1,795 destination cost. A hike of around $5000 is expected to affect the entire lineup, putting the top-dog Platinum trim at over $97,000.
In a statement to Car and Driver, Ford confirmed the price hike, attributing the change to “ongoing supply chain constraints, rising material costs, and other market factors.” The coronavirus pandemic, and subsequent supply chain complications, has sent prices skyrocketing for raw materials, including cobalt, nickel and lithium, which are widely used in electric vehicle batteries. Supply chain disruptions exacerbated the problem, with Ford forecasting to record about $1 billion in unexpected supplier costs in the third quarter. Several automakers have raised prices, including General Motors, Lucid Motors, Tesla and Rivian. Ford also added $3000 to $8100, depending on trim level, to the price of the Mustang Mach-E in August.
Ford said that customers who have ordered trucks and are awaiting delivery, as well as holders of commercial and government orders, will not be subject to the price increase. This means the new prices will only apply to new Lightning orders, and Ford also said that the company will “continue to monitor prices throughout the model year,” opening up the possibility of a drop if raw material costs and supply chains fall. problem solved, although we don’t recommend holding on to hope.
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