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2023 Ford F-150 Lightning Prices Increased Again

The Blue Oval is currently working through a number of supply chain issues that have significantly impacted its ability to deliver vehicles to customers. At the same time, rapidly increasing costs on various vehicle components have dramatically increased prices through the Ford lineup. Unfortunately, the 2023 Ford F-150 Lightning has been one of the vehicles hardest hit by the price hikes, and the all-electric pickup is now significantly more expensive than it was upon its debut in the spring of 2022. As first spotted by Reuters, pricing on the Pro has again been increased, and is now far beyond its original MSRP.

2022 Ford F-150 Lightning

Ford F-150 Lightning Pricing Changes
2023 Ford F-150 Lightning Price – December 15 2023 Ford F-150 Lightning Price – October 5 + / – October 5 Price
Pro $55,974 $51,974 +$4000
XLT $63,474 $59,474 +$4000
XLT High $68,974 $68,474 +$500
XLT High Extended Range $80,974 $80,974 $0
Lariat $74,474 $74,474 $0
Lariat Extended Range $85,974 $85,974 $0
Platinum $96,874 $96,874 $0

The latest price increase involved the Pro trim, but since our previous reporting, the automaker elected to raise base XLT pricing by an additional $4,000 and increase the XLT High package by an additional $500. This latest change makes the entry level Pro considerably more expensive than its debut price, which initially arrived with a $40,000 MSRP. That figure now remains firmly in the past, as the company has been forced to raise prices due to increasing raw material costs for minerals such as lithium, cobalt, and nickel. which are key ingredients for modern lithium ion batteries. The 2023 Ford F-150 Lightning isn’t the only EV in the company’s lineup to become significantly more expensive, as the 2023 Ford Mustang Mach-E had its prices raised as well. Both EVs still qualify for the $7,500 tax credit currently and will continue to be eligible for the credit into next year thanks to the Inflation Reduction Act.

While the current situation is unfortunate for prospective 2023 Ford F-150 Lightning buyers, future examples of the pickup may end up being less expensive. Ford revealed an extensive battery raw material and sourcing plan last summer and executives announced that the company is planning on offering lithium iron phosphate battery packs in the Lightning and Mach-E later on in 2023. Those batteries omit nickel and cobalt, making them less expensive than a traditional lithium ion pack. Ford EVs will boast lithium iron phosphate batteries well into next decade, and the company is currently working with CATL on details for a plant that would manufacture them. Additionally, Ford recently added a third shift at the Rouge Electric Vehicle Center and plans to significantly increase Lightning production by the end of 2023.

We’ll have more on the Ford F-150 Lightning soon, so subscribe to Ford Authority for the latest Ford F-150 Lightning news, and for continuous Ford news coverage.

Ed owns a 1986 Ford Taurus LX, and he routinely daydreams about buying another one, a fantasy that may someday become a reality.

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Comments

  1. EcoBoost29579

    Way to contribute to the inflation problem in America, Ford. NO, a 40% price increase in less than a year is NOT keeping up with inflation. If I had an order in at this point, I’d run FAR away, as fast as I could. Ridiculous.
    And it’ll end up on the least reliable list, for sure, just wait.

    Reply
    1. RWFA

      Apparently like on so many other topics, you also don’t have a particularly good grip on how inflation works.

      Inflation is not uniform across commodities, industries or products.

      (You should be more irritated by real gouging on things you do buy or are likely to buy like gasoline, pharmaceuticals or meat to name a few.)

      LoL and then going out on a limb to project reliability problems? Please.

      Truly, what master are you really serving with your nonsense?

      Reply
      1. Marty

        EcoBoost is entitled to his opinion…. no need to be rude to him. It diminishes your point.

        Reply
        1. RWFA

          Opinions are like the final orifice, everybody’s got one, everybody’s entitled to one, but some stink more than others.

          It’s usually those of a gratuitous ill-informed drive-by nature, or those that cherry pick facts to fulfill some hidden agenda or support an eternal grudge, that stink the worst.

          But thanks for trying to clear the air.

          Ps: Yes David I do, and you are in solid contention for one of the biggest!

          Pps: Oh Look, it’s JDE our favorite Johnny One Note.

          Reply
          1. David Dickinson II

            And you have a multitude of final orifices, which likely makes it difficult for you to clear the air.

            Reply
          2. JDE

            OK Farley!

            Reply
        2. Scott

          RWFA is always rude. The worst thing is that he thinks people care what he says. Some people will have price protection, many will not. Any unscheduled 2022 Ford F-150 Lightning retail customer order that gets converted to a 2023 order is eligible for the offer, as well as any 2022 reservation holders who chose the “Extend My Reservation” option for an unavailable configuration. These customers must complete their order conversion by September 30th, 2022 to qualify for the offer, however.

          Reply
          1. Joe

            Sounds like he is in some psychiatric ward just being angry and watching the would go by him.

            Reply
          2. RWFA

            Always rude is not exactly true.

            I cut my comments to fit but will also fit my comments to cut.

            Reply
  2. GaryB

    i wonder how many others like me out there only see a 3% year after year raise.
    Jumping 38% in price like that is going to further drain out the pool of potential buyers. Cant wait to see general profit reports for 2022. Profits are basically unpaid wages divvied up between corporate leaders and shareholders. Thanks for digging up this sack of diamonds this week. Heres your crust of bread. I think ill get golden toilet seats in my jet and spend $20 million on an NFT of a moldy banana. /s

    Reply
    1. Sam

      Ford was at -194% for both profits and revenue for the year. By comparison Toyota was at only -34%, since they are focusing in what Americans want/buy (ICE vehicles). Ford recently contracted another -34% as of last week’s report.

      Reply
      1. RWFA

        Oh yes, it probably has nothing to do with supply chain shortages Sam I Am A Toyota Shilling Ford Shorting Man.

        Why didn’t you include the full narrative of Toyota refused to do BEV and this is the source of their profits?

        But don’t worry, Toyota is urgently trying to get their BEV act together.

        Reply
        1. John W.

          Toyota has the same shortages. Difference is Toyota rejected focusing on EVs, instead they are focusing on what Americans are buying and it is benefiting them in spades.

          Reply
          1. RWFA

            No John, Toyota squandered a lead on HEV by resting on laurels and snoozed on BEV.

            If you were better informed, you would know that Toyota is presently scrambling to bring BEV’s to market.

            Reply
  3. Greggt

    “Maybe” EcoBoost29579 is look at the CR reliability of the F150 Hybrid which was crowned the least reliable vehicle on the road. “Maybe” EcoBoost29579 has an fairly new F150 and has been besieged with recalls like we have. Last recall, Ford does not even have the parts available to fix the issue and will not until “sometime” after the first of the year. “Maybe” EcoBoost 29579 has a quality issue with their F150 like we have and has been unable to get the part to fix it. Thankfully after 3 months of waiting, I complained enough that a friend at Ford got one shipped to the dealer to be installed today.

    Reply
    1. Joel Ashley

      Yes, I was thinking of going with the F150 Hybrid, but read CR’s feedback just last night. Wow, bottom of the pile, while so many other hybrids usually rate more reliable than their non-hybrid siblings.

      Reply
  4. Sam

    Thankfully Ford won’t be bailed out with our tax dollars due to their abysmal financial numbers trying to push EVs. Also they can’t force customers to buy EVs. Farley is tanking a once great company. At least Toyota saw the light by stating their focus will be ICE vehicles and their financial performance is rock solid.

    Reply
    1. Marty

      Tax dollars ARE paying the $7,500 discount.

      Reply
    2. RWFA

      Oh, Sam the Toyota Shilling Man I Am you didn’t disappoint, it took you two additional comments down to get there but you did fulfill the awaited part of the narrative.

      Reply
  5. Bob

    That $7500 of free, I mean Our money, is looking more and more insignificant.
    And, in any major market there are plenty of Lightnings to choose from at you local dealer now. Those inventories are sure to increase after this.

    Reply
    1. RWFA

      I occasionally see somebody wandering in as here to claim Lightnings are piling up on dealer lots all around the country.

      I find this hard to believe as it makes no sense given Ford added a shift to catch up with back orders.

      Does anybody have a link to reported days supply?

      Reply
  6. Marty

    Ford authority:
    Your saying that the cost of batteries and components went up on the PRO but not the Platinum. Lets call this what it is – a market price adjustment!. Do better with your reporting Ford Authority.

    Reply
  7. DW

    Inflation? Enough! Stop buying vehicles and watch what happens. Ford, Chrysler, and GM are the worst! As long as we continue to buy new vehicles these automakers will continue to increase prices! When you have issue with your new vehicle it becomes a fight to get repairs done! Take your new vehicle in for service, even with a hundred miles and they refuse to repair it! I’ve seen this on a regular basis! You have two choices, pay for the repair or let it go, they know you aren’t going to take legal action for a few hundred dollars. Automakers don’t care about retaining customers anymore.

    Reply
    1. RWFA

      You forgot to recommend an alternate OEM or talk about Toyota’s profits.

      Reply
  8. Namako

    WOW! They’re actually increasing the price on a vehicle that only has a 60-70 mile range on an overnight charge when doing truck stuff, like hauling and towing in the winter. It would take a special kind of stupid to drop that kind of cash on this piece of junk, but then again, there’s a fool born every minute. I would buy one of these even if they were HALF the price of an ICE-powered F-150!

    Reply
    1. RWFA

      My dude, you are behind the downward performance disinformation curve, you are supposed to already be talking about the grid apocalypse!

      Reply
  9. Randy johnson

    I lost My interest in this Truck.
    I been on the waiting list for 2 years now .
    Its time to give up this 40 k truck is going to cost 70 k by the time the dealers get there hands on it.

    Reply
    1. RWFA

      Are you saying that Ford hasn’t locked in prices for people on the waiting list? They did that for Maverick. Hard to believe they did nothing here.

      Reply
  10. Mike says...

    My 2 bits asks you consider if Ford will continue into the future as is. Industry analysts have long speculated on more consolidation which Ford could be a prime candidate. Would it be a sad day??? absolutely……. but there is no reason at all why Ford could not build BEV trucks for TESLA…. essentially marking the end of Ford as we all know them. The current economic, social and environmental conditions simply cannot support all the players going forward.

    Reply
    1. RWFA

      Ford is already building BEV and ICE trucks for VW in Europe (VW having dropped in house developed vans and pickups) – as a fully independent OEM.

      Reply
      1. John W.

        Multiple European countries can fit in the state of Texas alone. Completely different landscapes and markets. What works in Europe doesn’t work here.

        Reply
        1. RWFA

          John, please stop thinking Texans are stupid.

          Also the fit a country in a state is an irrelevant game kids play in elementary school.

          If you are that kid and are in school, you might better focus on your schoolwork do you can understand things when you grow up.

          Reply
  11. Kirk

    I have been into the Lightning for as long as it has been around. Now, Ford is asking a lot of buyers that want to own one. I had a reservation, probably around 150,000 on the list and am really not that interested in carrying it forward with all the price increases. For $80K I can buy a top of the line—almost anything. Not electric, but good enough for us elderly customers. Maybe I’ll leave it up to the younger “kids” to buy one and save the world. Too bad, Ford. Used to be you made a promise to supply a people’s car you kept it, Henry did!

    Reply
    1. RWFA

      Henry Ford died in 1947, but before he did, he nearly bankrupted the company twice.

      He did not adapt to the market and was lucky to catch up with the Model A (after shutting down most T production for about a year) and by the end of WW2 despite endless war contracts, everything was out of control due to his paranoia and senility.

      Reply
  12. JDE

    not sure where they are now, but I recall RAM was doing $8.2 billion in profit in July wwhich was 30% or more than the previous year, and they had No EV trucks and still do not.

    I am not surprised the Lightning pricing had to go up. the Commodities of scale pricing for all batteries are now and likely will not in the foreseeable future make it profitable to sell these BEV vehicle in the same price range as ICE vehicles. even when the US gives a huge incentive, it still makes no fiscal sense.

    Reply
  13. hot toddy

    and on top of that, fixed pricing with no negotiation on price going forward.

    Reply
  14. Paul the Salesman

    The article starts with the assumption that prices for the specific parts and other components needed to make this electrified truck have increased for Ford in roughly the same ratio that Ford’s MSRP have been increased. Ford is not divulging their actual costs (and I don’t expect them to). HOWEVER, when I see the markup levels that dealers are asking for these trucks, I have to believe Ford sees some low hanging fruit that they will not simply leave in the dealers’ pockets.

    In the capitalist system, the response expected of purchasers to price increases is to negotiate for better prices or find suitable alternatives. The latter option in particular is something that sellers pay attention to but it can take a little while.
    When I think of all of the uses that I can put to the extra $16K that Ford now wants over the 2022 price for the Pro, the choice is clear: find that alternative.

    Reply
  15. Bill Byrne

    NUTS ,the pro was $39,500 when it came out, I could not order in time, and was unable to get one, NOW I NEVER WILL at those prices !! so we ordered a hybrid maverick OVER A YEAR AGO!! and never got it, now its reordered for 2023 who the hell knows !! we are about done with Ford, a shame I have had 40 plus ford-mercury-Lincons

    Reply

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