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Ford hikes price of new F-150 by $5,000 amid inflation

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Ford Motor is mountain climbing the price of its electrical truck F-150 Lightning Pro for the 2023 12 months mannequin by almost 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 price of the new mannequin has been set at $51,974 in comparison with $46,974 earlier, as a consequence of “ongoing supply chain constraints, rising material costs and other market factors,” the spokesperson stated.

US automakers together with EV large Tesla and Rivian Automotive have additionally raised prices for their vehicles this year, squeezed by inflationary pressures and provide chain considerations which have been worsened by the Russian invasion of Ukraine.

Those who’ve already scheduled their order, together with industrial and authorities clients, won’t be affected by the hike, the Ford spokesperson stated.

Ford plant
On Tuesday, Ford reported robust demand for new autos.
AFP by way of Getty Images

On Tuesday, Ford reported robust demand for new autos within the United States, saying retail orders had been quickly increasing, however warned that offer points continued to weigh on gross sales. 

Demand for automobiles and vehicles could lose steam within the coming quarters as rising interest rates discourage customers from paying extra money for autos, analysts have stated.



Source: nypost.com

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