The Ford F-150 Lightning’s value has been raised for the third time in three months, with the least costly model of the electrical pickup truck hiked by 7.6% to $57,869.

The newest Lightning value hikes have been first reported by Reuters, based mostly on a perusal of Ford’s web site, and subsequently confirmed to Motor Authority by Ford spokesperson Elizabeth Kraft, who stated costs for high-end fashions would maintain regular.

“We regulate pricing as a standard course of enterprise on account of rising materials prices, market components, and ongoing provide chain constraints,” Kraft stated. “Demand for this breakthrough car is robust and continues to develop.”

To maintain up with the demand, Ford is including a 3rd shift on the Lightning’s Detroit meeting plant to extend manufacturing to 150,000 vehicles yearly, Kraft famous.

The brand new $57,869 base value applies to the fleet-oriented Lightning Professional mannequin with the usual 98-kwh battery pack, and features a $1,895 vacation spot cost. The Lightning XLT customary vary now begins at $65,369 with vacation spot, up from $61,269 after the final value improve. For comparability, the identical mannequin value $54,669 for 2022, though the distinction additionally features a $200 improve within the vacation spot cost between mannequin years.

The F-150 Lightning Professional mannequin value $41,669 when it went into manufacturing in April, 2022. The newest improve means the value is up 38.9% since its launch.

Costs for Lightning Professional and XLT fashions with the 131-kwh extended-range pack, as effectively the Lariat and Platinum trim ranges, are unchanged, however Ford already raised costs on a few of these variants earlier within the mannequin yr. The extended-range XLT obtained an $8,500 bump to $80,974, the Lariat elevated to $85,974, and the Platinum’s base value was raised to $96,874.

Ford beforehand introduced some updates for the Lightning’s sophomore mannequin yr, together with barely extra vary for the Lightning Professional, which is predicted to get a 10-mile improve to 240 miles with the usual battery pack. Two new colours (Avalanche and Azure Grey metallic) have been added as effectively, together with an optionally available Professional Trailer Hitch Help system. A police-ready Particular Service Automobile package deal was introduced in July.