From the day reservations first opened, consumer interest in the 2022 Ford F-150 Lightning was high, and ultimately exceeded FoMoCo’s expectations by a long shot. That demand also surpassed Ford’s production capacity for the 2022 model year, which means that while deliveries are on track to begin this spring, not all reservations/orders will be fulfilled in the coming months and at least some will be pushed to the 2023 model year or perhaps even later. Now, sources familiar with the matter have told Ford Authority that both the 2022 Ford F-150 Lightning Pro and XLT trims are completely sold out already.
The two cheapest trim levels of the all-electric pickup are spoken for, which means that the Lariat and Platinum are the only two remaining models that can still be converted to retail orders for the 2022 model year. Those that want an F-150 Lightning Pro or XLT will be given the option to extend their reservation to future model years.
For many F-150 Lightning reservation holders, this is already the case. Ford recently revealed that those who do not receive an invitation to convert their reservation to an order via one of several waves will be invited to order their pickup for a future model year at a later date. This is unsurprising given the fact that Ford accepted around 200,000 reservations for its all-electric pickup in just a few months, while CEO Jim Farley expects that a significant 80 percent of those reservation holders will convert them to orders. Meanwhile, fleet orders for the new model were put on hold back in January amid high demand.
This stark difference in the supply and demand curve for the F-150 Lightning has prompted some dealers to surprise reservation holders with big markups, but Ford recently stated that the vast majority of its dealers are selling the pickup at MSRP.