Ford Hikes Price of F-150 Lightning Pro by $5,000, Jumping 11%

Photo: Jim Farley

Ford says it is increasing the price of its electric Ford F-150 Lightning Pro by nearly 11%, set to apply for the 2023 model year.

According to a Ford spokesperson speaking with Reuters, the price hikes come as the automaker grapples with supply chain issues and inflation, specifically blaming “”ongoing supply chain constraints, rising material costs and other market factors.”

A Ford F-150 Lightning Pro will now start at $51,974 USD, versus the previous price of $46,974, a jump of $5,000 USD. Back in August, Ford increased the price of the regular F-150 Lightning by $8,500.

Other automakers have also increased prices over the past year, including the likes of Tesla and Rivian, for example.

Ford says existing orders scheduled, including commercial and government orders will not see the price hike.

Earlier this week, Ford reported its Q3 sales, which were up 15.9% year-over-year, at 464,674 vehicles sold. EV sales increased 197% for Ford, with F-150 Lighting sales at 1,918 in September and 8,760 since June. Mustang Mach-E sales increased 47% year-over-year.