Video Summary
- Ford has significantly cut the production of the Ford Lightning by over 50% for 2024.- There is concern about the value of Ford Lightning trucks and significant depreciation due to decreased production.
- The dealership provided a $45,000 trade-in allowance for a one-year-old Ford Lightning with 14,000 miles, and is now selling it for $46,900, making only $1,900 on the truck.
- It was decided that the Ford Lightning truck needed to be dumped, due to Ford struggling to sell Ford Lightning trucks.
- The truck initially came with a three-year, 36,000-mile warranty, and the battery had an eight-year warranty.
- After owning the vehicle for 11 months, one of the battery modules went bad. The dealer stated that the repair would cost approximately $10,000 if it was not covered by warranty.
- Future generations of the Lightning will include new battery technology.
- The standard range battery with 230 miles on 100% charge, did not get to 230 miles with an average of 175 to 180 miles
- The truck is a good vehicle if used strictly in town or in areas with a developed EV charging network.
- Public charging stations are very scarce in the Midwest and the rollout of EV infrastructure is very slow.
- Ford Lightning was a good and fun vehicle, but range and the lack of charging stations made road trips impossible.
- The Powerboost Hybrid has been a great in-between vehicle. Full tank of gas yields 600 miles. Rated at 24 mpg.
