Ford Motor Co is elevating the value of its electrical truck F-150 Lightning Pro for the 2023 yr mannequin by practically 11%, searching for to cushion the hit from ongoing provide chain snags and decades-high inflation, a spokesperson for the automaker stated on Wednesday.
The value of the brand new mannequin has been set at $51,974 in comparison with $46,974 earlier, resulting from “ongoing supply chain constraints, rising material costs and other market factors,” the spokesperson stated.
U.S. automakers together with EV big Tesla Inc and Rivian Automotive Inc have additionally raised costs for his or her automobiles this yr, squeezed by robust financial situations which have been worsened by the Russian invasion of Ukraine.
In August, Ford raised costs for its F-150 Lightning lineup for the primary time because it was revealed final yr, by a variety of $6,000 and $8,500 relying on the variant.
The Pro mannequin, the most cost effective of the variants, was priced practically 18% increased than earlier than, amid a surge in prices of uncooked supplies corresponding to lithium that’s utilized in EV batteries.
The Ford spokesperson stated those that have already scheduled their order, together with business and authorities prospects, is not going to be affected by the most recent hike.
On Tuesday, Ford reported robust demand for brand new automobiles within the United States, saying retail orders have been quickly increasing, however warned that offer points continued to weigh on gross sales.
Demand for vehicles and vehicles could lose steam within the coming quarters as rising rates of interest discourage shoppers from paying more cash for automobiles, analysts have stated.
Source: auto.economictimes.indiatimes.com