Ford announced on Wednesday it is raising the price on their entry-level F-150 Lightning Pro by just under 11%, making the electric pickup truck $12,000 more expensive than it was less than two month ago.
According to the automaker the cheapest variant of the Lightning will now cost $51,974, a $5,000 increase from before. This follows another price $7,000 price increase announced in early August when Ford reopened order books for the 2023 model year Lightning.
Ford says the second price increase is to account for “ongoing supply chain constraints, rising material costs and other market factors,” a spokesperson told Reuters.
With the second successive price increase, the gap between the entry-level Lightning Pro and the next model up, the XLT, shrinks to $8,000. The XLT starts at $59,974.
As with most price increase, Ford says existing reservation holders, including commercial and government customers, will have their original pricing honoured and won’t have to pay the new price.
The XLT and all other variants of the F-150 Lightning were not subject to any price adjustments. Back in August these variants saw their prices increase anywhere from $6,000 to $8,000 depending on the trim level, also due to the same reasons given today.
Details for pricing changes in Canada have not been announced. We have reached out to Ford for comment and will update this article when we get a response.
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