Ford Raises Price of Entry-Level F-150 Lightning

If you were contemplating you might help you save a few bucks and get the Ford F-150 Lightning Pro instead of the Platinum, you’re continue to right just fewer so. The automaker is boosting the rate on its entry-degree electric pickup.

2022 F-150 Lightning Pro driving
The F-150 Lightning Pro received a selling price hike, having it about the $50K mark.

Ford is climbing the cost of the Lightning Professional by 11%, relocating it from $46,974 to $51,974, according to various stories. Formerly, the F-150 Lightning commenced at $39,974. Price ranges do not consist of spot cost, taxes, selections or federal tax credits.

The company’s pointing to offer chain constraints and rising fees because of to inflation as the good reasons for the leap. The go comes just weeks right after it lifted prices on the Lightning across the board. In August, Ford upped the selling prices by as considerably as $7,000 dependent on the trim level.

Increasing prices staying passed to individuals

Ford is considerably from alone when it comes to value hikes. 

Yesterday, CEO Elon Musk declared the company’s lengthy-delayed Cybertruck, exclusively the substantial-performance, a few-motor product, will get started at $69,900, not $49,900 as beforehand introduced. It is unclear what price tag the foundation product would fetch. The firm had promised a $39,900 commencing price, but that now looks doubtful. 

F-150 Lightning commercial truck
The Lightning Professional now begins at $51,974, up from $46,974.

The increasing tariff comes as Tesla elevated costs in March 5% to 10% on all its U.S. offerings, one week after the Model Y Extensive Vary leapt 20% in price and the Design 3 Lengthy Variety rose 10.6%. The organization increased rates for the most inexpensive variations of Model 3 and Product Y about a dozen periods last calendar year. Tesla’s Musk cited substantial price hikes “for raw materials and logistics,” which include nickel, lithium, palladium, and platinum. 

Tesla’s most economical car or truck, the Model 3, now starts at $48,440 in the U.S., like spot and get fees, up 21.2% from $38,190 in February 2021.

Also in March, EV startup Rivian elevated its R1T pickup’s selling price 18% to $79,500, although the company’s R1S SUV jumped 21% to $84,500. But contrary to Tesla, Rivian released decreased-priced products that used two motors relatively than 4, and fewer common features. This reduced the R1T’s setting up price tag to $67,500, and the RTS to $72,500.

In Could, Lucid boosted selling prices of its Lucid Air sedan by as significantly as 12%. The Lucid Air starts off at $87,500, up from $77,400. The Lucid Air Touring starts at $107,400, up from $95,000, and the Lucid Air Grand Touring fetches $154,000, up from $139,000, and a 9.7% jump.

Leave a Reply