It’s fall and future F-150 owners are watching for prices to lower on the 2023 models to make room for the 2024 models. Find out what deals Ford dealerships are offering today and why it has customers angry.
Ford is a Luxury Truck
Having been raised on a farm the first 18 years of my life, never has anyone I have known ever viewed a Ford F-100 or F-150…or possibly even an F-250 as a luxury vehicle. However, with a full-size camper shell or a shiny Airstream camper with a tow package on that F-250, at the time it looked like luxury living to some of us.
What got me thinking along these lines is a recent Motor Feed YouTube channel episode where the host made the comment that the F-150 has become a “luxury vehicle” based on markups of up to 30% over the MSRP. Not only has the F-150 morphed more-so on the owner convenience and luxury side and less on the workhorse side of what makes an F-150 an F-150, the sticker shock of paying between $70,000 and $80,000 this past year qualifies it as a luxury vehicle and is not recommended by Consumer Reports.
In other words, the cost of buying one today is outside the budget of the working man and is seeing more action as a mall crawler.
Semi-related article: Ford Dealership Says This Is a Normal Noise in the Ford F-150
Fall F-150 Deals
The host of the Motor Feed YouTube channel takes viewers on a walk around a Ford dealership lot with commentary about what kind of pricing he is seeing this fall compared to a short while ago when a customer had to pay top dollar to become a 2023 F-150 owner. In the video he points to that some models and trims still command that top dollar; however, discounts are there to be found on other models that are as high as $5,000 to $6,000 off the original price.
In fact, his tour shows that it is possible to get a 2023 F-150 for as low as $45,000---a big difference from having to painfully fork over $70,000-plus dollars for a higher trim model just to own an F-150. And, he points out that he believes these deals are attracting customers because there are fewer models on the lot today.
But is this true or accurate?
No-Deal Deals
“Not so fast,” say viewers in the comments section who although are appreciative of his dealership lot tour and showing what the prices are today, respond that fewer trucks on the lots are more likely dealership shuffling of vehicles to give the impression that fewer trucks are available due to shoppers are snatching them up as end-of-year sales making way for the next years’ models.
Rather, a more accurate point to make of the prices and models shown is that these $5,000 to $6,000 off the original price deals are not deals at all for the customer because as the host mentioned earlier, the trucks’ base prices are still up to 30% over the MSRP on some trims.
Follow along with the host and see what the sticker prices are showing today, and then be sure to read the comments section to the video. Many opinions are spot-on, remarkably angry, and possibly a more realistic interpretation of what is going on to give you some food for thought before deciding if now is the time to become a new F-150 owner…or not.
For additional Ford-related articles, here are a few for your consideration:
- Ford Repair with a Coat Hanger
- Top Ten Weirdest Cars from Ford and Why You Should Grab One Today
- Why Ford Customers Don’t Trust Ford Dealerships to Fix Their Cars
Timothy Boyer is an automotive reporter based in Cincinnati. Experienced with early car restorations, he regularly restores older vehicles with engine modifications for improved performance. Follow Tim on “Zen and the Art of DIY Car Repair” website, the Zen Mechanic blog and on Twitter at @TimBoyerWrites and Facebook for daily news and topics related to new and used cars and trucks.
COMING UP NEXT: 10 Cheap Cars Consumer Reports Recommends Update
Image source: Deposit Photos
Been a ford driver since…
Been a ford driver since 1989. Still have the 1999 Explorer, 2008 Expedition, and 2018 Edge (with new engine). My Eddie Bower Expedition was $33,000 in 08, fifteen years later I could never afford the $82,000 plus price. All my ford die hard friends are now bragging about their GMC / Chevy 1500 trucks. Unfortunately, Ford truck prices are now more than the average middle class American can afford. Ford got rid of the lower end sedans that spread maker name, reputation, and desire foe more with everything very high dollar so now a luxury vehicle that seems confident in following the path and death of Cadillac and Lincoln. Average American is mostly having to go foreign to Nissan. Kia, or Hyundai for affordability. Sad, but the future of American auto will be limited to GMC / Chevy and Jeep within the decade.
It's hard to disagree with…
It's hard to disagree with this. The other day I noticed that the Bronco Sport actually starts at the same price as a Wrangler. The actual Bronco is like $7500 more than that.
Just last year I was seriously considering a Maverick, thinking that a simple small truck would be nice, but Ford had decided that an XL with cruise control isn't possible. For such a luxurious modern convenience that even the cheapest Mitsubishi Mirage econobox has standard, I'd need to pay $3000 more for the XLT and tons of things I didn't care about. This year of course, they've raised the price of the Maverick so much that they can keep it.
Been a ford driver since…
Been a ford driver since 1989. Still have the 1999 Explorer, 2008 Expedition, and 2018 Edge (with new engine). My Eddie Bower Expedition was $33,000 in 08, fifteen years later I could never afford the $82,000 plus price. All my ford die hard friends are now bragging about their GMC / Chevy 1500 trucks. Unfortunately, Ford truck prices are now more than the average middle class American can afford. Ford got rid of the lower end sedans that spread maker name, reputation, and desire foe more with everything very high dollar so now a luxury vehicle that seems confident in following the path and death of Cadillac and Lincoln. Average American is mostly having to go foreign to Nissan. Kia, or Hyundai for affordability. Sad, but the future of American auto will be limited to GMC / Chevy and Jeep within the decade.
It’s about time people…
It’s about time people realize the ridiculous prices there asking for pickup trucks. They are still $$$$ too high and they are soon to become one year old vehicles so the price for the trucks should be cheaper. Your buying a year old truck the price should be dropping. It’s not just Ford that’s doing this. There only trying to fool the buyers in the discount it’s really vehicle depreciation there saving on.
Higher trim levels make more…
Higher trim levels make more money for the manufacturers. To stop this folks simply need to STOP BUYING them.
Manufacturers either adjust to the market or fail. Lower demand and/or lower profit per unit should put an end to labor unions control over US auto manufacturers.
Eyes open here folks: Auto industry is not the driving force it once was. Starbucks is worth more than FORD, GM and the latest ownership of Chrysler brands. Tesla owns them all value wise. Move over ... let Jimmy take over.