Ford Mustang Mach-E Price Updates!
Photo Source: Ford
The Ford Motor Company will reopen order banks for the 2023 model year Mustang Mache-E crossover with a price change they have informed customers of. Last Thursday, the company said the price markups could range between $3,000 and $8,475, which will entirely depend on the model and battery type of the vehicle. As Ford mentioned, the price hikes are due in part to āsignificant cost increases, continued strain on key supply chains, and the rapidly evolving market conditions.ā The Ford Mustang Mach-E is the latest electric vehicle that received a price hike as the raw material costs for batteries for electric vehicles nearly doubled in price during the covid-19 pandemic.Ā
Breaking Down the Starting Pricing
As of now, the current starting prices for the ā23 Mach-E will range from $47,000 to $70,000 (Plus Destination Fee), roughly up from the previous prices of $44,000 to $62,000 msrp for the 2022 model year Mach-E. The cost of the Ford F-150 Lightning pickup truck was also raised earlier this month with a range increase between $6,000 and $8,500 msrp, depending on the model of the vehicle. The Ford company also cited similar reasons for the price increases with more specific reasons like raw material costs for lithium, cobalt, and nickel used in vehicle batteries. Other automakers like Rivian, Lucis, General Motors, and even Tesla are reporting significantly raised prices on their new lineup of electric vehicles.
Ford has mentioned the brand has changed some options and increased the capabilities of some of the Mach-E models in addition to the new pricing. Shipping prices are also reported to increase on the Mach-E, ranging from $200 to $1,300 on all models. The company has stated that the price increases mentioned will be going into effect for the new orders placed as soon as the order banks open up again. They have also said that customers with existing and unscheduled 2022 model year orders will receive a āprivate offerā to switch over to a 2023 model year vehicle. The price that those customers will be offered is still unclear at this time, but it can be expected that more information will come out soon.Ā
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