Tag

F150lightning

All articles tagged with #f150lightning

automotive-business2 years ago•3 min saved

"Ford's Strong 2023 Sales Surge Despite EV Slowdown and SUV Dip, Outpaces Industry Recovery"

Ford maintained its position as the second top-selling EV brand in the US after a record Q4 in 2023, with nearly 26,000 EVs sold, including the F-150 Lightning, the nation's best-selling electric truck. The Mustang Mach-E also saw its best sales year, and the E-Transit led in electric van sales. Despite this success, Ford is adjusting its EV strategy, slowing down investments, and focusing more on hybrids, with EVs making up only 3.64% of its total vehicle sales compared to 6.7% for hybrids. Tesla remains the market leader with a significant margin, delivering over 484,000 EVs in Q4 alone.

via Electrek.co|

##automotive-business #evsales

business-automotive2 years ago•2 min saved

"Ford Adjusts F-150 Lightning EV Prices Amidst Rising Demand and Competition"

Ford is increasing the price of its entry-level F-150 Lightning electric pickup by $5,000, bringing it to $54,995, while also raising the price of the XLT model by $10,000. However, the company is reducing the prices of some higher-end models, such as the Platinum and Platinum Black, by up to $7,000. A new model, the F-150 Lightning Flash, has been introduced with advanced tech features. Ford has also streamlined its lineup by removing two models. Despite retaining the full $7,500 US tax credit, Ford's electric vehicle sales have been weak, contributing to a significant loss for the company in the previous year.

via Engadget|

##autoindustry #business-automotive

automotive-business2 years ago•2 min saved

Ford Revises F-150 Lightning EV Pricing Amidst Trim Changes and Market Competition

Ford has adjusted the pricing for its 2024 F-150 Lightning electric pickup range, with increases of up to $10,000 for the more affordable trims and decreases of up to $7,000 for the premium Platinum models. The changes come as the company experiences a slowdown in EV sales and follows a decision to cut production of the F-150 Lightning. The pricing strategy aims to optimize sales growth and profitability, as well as customer access to tax benefits, although the two Platinum models do not qualify for the federal tax credit. This move is part of Ford's broader strategy to adjust to the current demand for EVs, which has also led to a pause in plans for a new battery factory in Kentucky.

via The Verge|

##autoindustry #automotive-business

business-and-finance2 years ago•2 min saved

"Ford Revises 2024 F-150 Lightning Pricing Amidst Trim Changes"

Ford Motor has adjusted the pricing of its 2024 F-150 Lightning electric truck models, with increases of up to $5,000 for entry-level models and decreases of up to $7,000 for high-end trims. The price changes are a response to balancing consumer demand, profitability, and the cost of raw materials. Despite cutting production plans, the F-150 Lightning remains America's best-selling electric pickup, with sales growing and maintaining eligibility for a $7,500 federal tax credit under new requirements. The price adjustments do not include a mandatory destination fee or any federal or local EV incentives.

via CNBC|

##business-and-finance #electricvehicles

automotive2 years ago•2 min saved

"Ford Adjusts 2024 F-150 Lightning Pricing, Trims Lineup"

Ford has announced price increases for certain trims of the F-150 Lightning electric pickup truck and the discontinuation of others. The entry-level F-150 Lightning Pro now starts at $57,090, reflecting a $5,000 increase, while the XLT trim sees a more than $10,000 hike to $67,090, with no option for a larger capacity battery. A new "Flash" trim has been introduced, and the high-end Platinum trim received a price cut. Additionally, Ford has reduced its production rate for the F-150 Lightning by half for 2024. Despite these changes, the F-150 Lightning remains America's best-selling electric pickup, with Ford adjusting its strategy to balance sales growth, profitability, and customer access to tax benefits.

via Ars Technica|

##automotive #automotiveindustry

automotive-business2 years ago•3 min saved

"Ford Adjusts 2024 F-150 Lightning Pricing, Shuffles Trim Options"

Ford has announced price adjustments for its 2024 F-150 Lightning lineup, with increases ranging from $2,000 to $10,000 for some models and decreases of $5,000 to $10,000 for premium models. The changes are part of a strategy to streamline offerings and improve quality by eliminating two trim levels. The XLT and Flash models are expected to be the most popular, while the Platinum models will not qualify for the federal tax credit. Dealers have accepted the price changes as a normal part of the business, noting that most of Ford's EV portfolio still qualifies for federal incentives. The price adjustments reflect Ford's broader strategy to cater to a growing market of EV consumers, including those who may not have initially considered an electric vehicle.

via Detroit Free Press|

##automotive-business #automotiveindustry