The price of the F-150 is going to go up by about $4,000. Both the entry level Pro model for business customers and the consumer focused XLT trim with no added options are affected by the increase.
When the Pro work truck was launched back in April, it cost $39,970, but subsequent price hikes brought the price up to $46,970 in August and $51,970 in October. The base XLT was launched with a sticker price of $52,000 before it went up to $60,474.
"Pricing adjustments are a normal course of business due to rising material costs, market factors and ongoing supply chain constraints," said Ford spokeswoman ElizabethKraft. Ford didn't reply immediately.
A third production shift has been added at the Michigan plant to help meet the goal of 150,000 Lightning vehicles per year. As a result of a global chip shortage and rising prices for the raw materials needed to make EV batteries, a number of EV makers have increased their prices.
In March, the prices of all of the vehicles of the company were increased. The price of both the Hummer EV and the EV6 will increase. EV prices are going in the wrong direction, with the average cost of an EV spiking to an all time high over the summer.
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