Ford Raises F-150 Lightning Costs But Once more amid Provide-Chain Nightmare

• Ford confirmed to Automobile and Driver that the F-150 Lightning will see a further value hike for the 2023 mannequin 12 months.
• The bottom Professional mannequin will now begin at $53,769, together with the $1795 vacation spot payment, whereas the highest Platinum mannequin will attain north of $97,000.
• Ford says the worth improve is the results of provide chain points and better materials prices, possible for the metals used to make the electrical truck’s battery.

Ford is but once more jacking up the worth of the F-150 Lightning. The electrical pickup truck noticed a considerable value improve in August for the 2023 mannequin 12 months, however now the price to buy a Lightning has risen even larger, as first reported by CNBC. The bottom Lightning Professional, which initially began at $41,769 for the 2022 mannequin 12 months, will now begin north of $50,000.

Ford wouldn’t specify the brand new costs. Nonetheless, CNBC reported at present that the Professional mannequin will begin at $51,974, though that’s believed to not embrace the $1795 vacation spot payment. The roughly $5000 improve is anticipated to have an effect on the whole vary, placing the top-dog Platinum trim over $97,000.

In a press release to Automobile and Driver, Ford confirmed the worth hike, attributing the modifications to “ongoing supply-chain constraints, rising materials prices, and different market elements.” The coronavirus pandemic, and subsequent provide chain issues, noticed the costs of uncooked supplies skyrocket, together with cobalt, nickel, and lithium which might be used extensively in electrical automobiles’ batteries. Provide-chain disruptions are exacerbating the issue, with Ford estimating it’ll log round $1 billion in sudden provider prices within the third quarter. A number of automakers have boosted costs, together with Common Motors, Lucid Motors, Tesla, and Rivian. Ford additionally added $3000 to $8100, relying on the trim stage, to the Mustang Mach-E’s value in August.

Ford mentioned that clients who’ve already ordered the truck and are awaiting supply, in addition to business and authorities order holders, won’t be topic to the worth improve. This implies the brand new value will solely apply to new orders of the Lightning, and Ford additionally mentioned that the corporate will “proceed to watch pricing throughout the mannequin 12 months,” leaving open the potential of a lower ought to uncooked materials prices drop and supply-chain points get ironed out, though we wouldn’t advocate holding out hope.

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