Ford F-150 Lightning costs going up; order financial institution reopens for present reservation holders

Ford Motor Co. is rising the beginning value 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 largest share value hike, up about 17 p.c to $48,769, together with a $1,795 transport price.

The Lightning’s sub-$40,000 beginning value, excluding transport charges, was a key marketing point that Ford touted on the automobile’s launch. However executives have warned that value will increase could be coming as rising commodity prices have wiped out early profits on the Mustang Mach-E and different electric vehicles.

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

Pricing on the Lariat trim will enhance $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 mentioned. For reservation holders who beforehand acquired an invite to transform to an order however declined as a result of the automobile specification was not out there, Ford will present them a “personal provide,” it mentioned Tuesday.

Ford additionally mentioned 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 also be including two new colours whereas eradicating three former colours.

Ford can also be including professional trailer hitch help expertise, which routinely controls steering, throttle and brake inputs, as normal on the Lightning’s tow expertise bundle.

That bundle is normal on the top-level Platinum and Lariat trims however optionally available on Professional, XLT and Lariat.

Ford has seen sturdy 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 offered 4,400 Lightnings thus far since deliveries started in Could.