Categories: Industry

Ford hikes F-150 Lightning prices; order bank to reopen for current reservation holders

Ford Motor Co. is growing the beginning worth of the F-150 Lightning electrical pickup $6,000 to $8,500 throughout all trims due to rising materials prices because it reopens order banks for present reservation holders.

The entry-level Professional trim will get the most important proportion worth hike, up about 17 p.c to $48,769, together with a $1,795 delivery payment.

The Lightning’s sub-$40,000 beginning worth, excluding delivery charges, was a key advertising and marketing level that Ford touted on the automobile’s launch. However executives have warned that worth will increase can be coming as rising commodity prices have worn out early earnings on the Mustang Mach-E and different electrical automobiles.

The Lightning’s XLT trim’s worth is growing $6,500 to $61,269. The XLT Excessive trim will leap by $6,000 to $70,269. The XLT Excessive prolonged vary will rise $8,500 to $82,769.

Pricing on the Lariat trim will improve $7,000 to $76,269. The Lariat prolonged vary goes up $8,500 to $87,769. The highest-end Platinum trim, which solely comes with the extended-range battery, is being bumped up $6,000, to $98,669.

The value hikes don’t have an effect on order holders who’re awaiting supply of automobiles, Ford stated. For reservation holders who beforehand acquired an invite to transform to an order however declined as a result of the automobile specification was not accessible, Ford will present them a “personal provide,” it stated Tuesday.

Ford additionally stated it is boosting the vary of Professional, XLT and Lariat trim Lightnings with the standard-range battery beginning this fall. These automobiles will now get an EPA-estimated vary of 240 miles, up from the present 230. The automaker can be including two new colours whereas eradicating three former colours.

Ford can be including professional trailer hitch help expertise, which mechanically controls steering, throttle and brake inputs, as commonplace on the Lightning’s tow expertise package deal.

That package deal is commonplace on the top-level Platinum and Lariat trims however non-obligatory on Professional, XLT and Lariat.

Ford stated it’s a $1,395 choice on the XLT and a $1,950 choice on Professional fashions, which are also outfitted with a 360 diploma digital camera.

Ford has seen robust demand for the Lightning. It capped reservations at round 200,000 late final yr forward of the pickup’s launch this yr. Ford says it has bought 4,400 Lightnings thus far since deliveries started in Might.

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