The Ford F-150 Lightning, the electric version of America’s best-selling truck, has seen significant price fluctuations in recent months. Ford announced a price increase for the 2023 model year, raising the starting price by nearly $7,000 to approximately $55,000. This shift comes amid rising production costs and supply chain challenges affecting the automotive industry.

Who Should Buy Now

Who Should Wait

Potential buyers who can hold off may want to consider waiting for the 2024 model year, which is expected to include updates and possibly lower prices as production stabilizes. Additionally, consumers who prioritize cost efficiency or are looking for more budget-friendly options should keep an eye on resale values and competitive models from other manufacturers, such as Rivian or Tesla.

Stay Informed

As market conditions change and new models are introduced, staying informed is crucial for potential buyers. Keep an eye on updates from Ford and other manufacturers, as well as announcements from the NHTSA regarding safety ratings and incentives. Make sure to evaluate your personal needs before making a purchase decision.